• EBITDA up by a considerable 61.7 % to € 46.4 m
• Net income after minorities at € 10.1 (€ -6.5 m in 2010)
• Property assets increase by 43 % to € 5.2 bn
• NAV/share up 2.4 % to € 19.14

Vienna, 24.05.2011 The figures for the first quarter of 2011 show a sharp rise in earnings following the inclusion of Europolis into the consolidated accounts of the CA Immo Group. According to Bruno Ettenauer, Chief Executive Officer of CA Immobilien Anlagen AG, “The 61.7 % rise in EBITDA is proof of the highly beneficial impact of the Europolis acquisition on the CA Immo Group, already in the first quarter after the transaction. We are particularly encouraged by the fact that the increase in earnings is based on results from long-term lettings activity, which will also give a significant boost to our recurring cash flow well into the future.”

Significant increase in EBITDA
Compared to the first three months of last year, the rental income of the CA Immo Group rose by 52.6 % to stand at € 63.7 m, of which around € 23.6 m is accounted for by the initial consolidation of the Europolis Group. Net operating income was up 59.9 % to € 52.8 m. This figure includes a contribution to earnings from the sale of properties intended for trading of € 1.8 m (against € -1.7 m in 2010). Sales of investment properties completed in the first quarter of 2011 produced revenue of € 12.2 m and profits of € 1.5 m. EBITDA increased by 61.7 % to € 46.4 m. The inclusion of Europolis, which is active exclusively in Eastern and South Eastern Europe, also significantly shifted the relative contribution to total earnings of the various regional segments. The relative contribution of the Eastern and South Eastern Europe segment to the Group EBITDA was double that for the comparable quarter of last year at around 56 %; Germany accounted for 29 % and Austria was responsible for 15 %.
The revaluation result stood at € 3.5 m, compared to € -6.7 m in 2010; consequently, earnings before interest and taxes (EBIT) also rose sharply, from € 21.5 m to € 48.4 m.
The financial result was largely stable at € -30.3 m compared to € -30.9 m in the same period last year. However, this was due to various (and sometimes contrary) effects: with Europolis being taken into account, financing costs have risen by 36.2% to stand at € -40.0 m. This increase was counterbalanced by a positive non-cash result from the valuation of interest-rate hedges of € 9.5 m (this item produced a negative result of € -7.2 m in the same period last year).
Following on from a loss of € -6.5 m last year, consolidated net income after minorities rose to
€ 10.1 m.

CA Immo's equity ratio fell as expected to 31.0 % as a consequence of the consolidation of Europolis. The Group's net debt was € 2.7 bn on 31 March 2011, with property assets of around € 5.2 bn.

The net asset value per share on the same date stood at € 19.14, around 2.4 % above the value as at the end of last year. This increase was caused by the positive effect of the valuation of interest-rate hedges entered in the balance sheet as cash flow hedges (€ 28.2 m) as well as the result for the period.

Sales target confirmed at € 300-350 m
As reported in a separate announcement today, the Olympia Shopping Centers in the Czech towns of Teplice and Mladá Boleslav (part of the Europolis portfolio) have been sold for an approximate total consideration of € 96 m. The sale represents the first step in the strategic review of the portfolio announced early in the year, the aim of which is to enhance the focus regarding usage types and regions. In addition to this successful sale in Eastern Europe, a series of transactions is currently under negotiation, especially regarding development sites in Germany. For this reason, the company is confident of meeting the sales target of € 300-350 m confirmed at the start of the year.

The interim report for CA Immobilien Anlagen AG as at 31 March 2011 is published on the company's web site (www.caimmoag.com).

Key financial figures

Please address any questions to:

CA Immobilien Anlagen AG
Florian Nowotny (Investor Relations)
Claudia Hainz (Investor Relations)
Tel.: +43 (0)1532 5907
Fax: +43 (0)1532 590 7595
Email: ir@caimmoag.com
www.caimmoag.com