Ad-hoc-Announcement Final Results IMMOEAST AG: Significant Increase in Earnings and Cash-flow Ad hoc announcement transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------ IMMOEAST Results for the 2007/08 Business Year: Significant Increase in Earnings and Cash-flow  Revenues: +54.1% to EUR 297.2 m  EBITDA: +57.5% to EUR 145.0 m  Cash-flow: +58.5% to EUR 100.4 m  Net Asset Value (NAV) per share: +1.2% to EUR 10.27 IMMOEAST recorded further improvements to its operating business in the 2007/08 business year. Revenues, Cash Flow and EBITDA Revenues increased by 54.1% from EUR 192.9 m to EUR 297.2 m. This also resulted in a significant improvement in cash-flow, which rose by 58.5% to EUR 100.4 m. EBITDA rose to EUR 145 m, an increase of 57.5%. EBT and EBIT As a result of rising market yields, profits resulting from the appreciation of the real estate portfolio only totalled EUR 11.09 m. Due to this change in the market conditions, EBT fell by 58.8% from EUR 645.5 m to EUR 266.0 m, EBIT fell from EUR 541.3 m to EUR 15 m. Net Asset Value per Share NAV per share rose by 1.2% on the year from EUR 10.15 to EUR 10.27. The book value per share rose by 6.7% from EUR 8.83 to EUR 9.42. As a result of the 50% increase in the number of shares and the slim profits from property appreciation, earnings per share fell from EUR 1.02 to EUR 0.21. Rental Income rises 6.3% on the year in the adjusted annual comparison Rents in almost all sub-markets in which IMMOEAST is active developed well on the year. Rental income rose from EUR 146.2 m to EUR 220.7 m. These increases are due to the completion of numerous development projects, property acquisitions, the indexing of rents and asset management activities, a field set to play an increasingly important role in the future. Rental income rose by 6.3% across those properties already included in the portfolio in Q4 2006/07 (like-for-like comparison). Outlook IMMOEAST, represented exclusively in Central, Eastern and South-Eastern Europe, is active in an economic region which is experiencing growth rates clearly surpassing those in Western Europe. Given the corporation's financing power and its planned expansion strategy, further growth corresponding with the growth rates in the region can be expected. Margit Hermentin Head of Investor Relations investor@immoeast.com Tel: + 43 1 532 87 60 (c)DGAP 22.08.2008 --------------------------------------------------------------------------- Language: English Issuer: IMMOEAST AG Bankgasse 2 1010 Wien �sterreich Phone: 0043 1 536 16-419 Fax: 0043 1 536 16-491 E-mail: investor@immoeast.com Internet: http://www.immoeast.at ISIN: AT0000642806 WKN: A0BLUL Listed: Freiverkehr in Berlin, M�nchen, Stuttgart; Open Market in Frankfurt; Foreign Exchange(s) Wien End of News DGAP News-Service ---------------------------------------------------------------------------