Ad-hoc-Announcement

Dividend

IMMOFINANZ AG: NON-PAYMENT OF DIVIDENDS FOR THE 2007/08 BUSINESS YEAR

Ad hoc announcement transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
------------------------------------------------------------------------------

Ad-hoc statement by IMMOFINANZ AG
Vienna, 23 October 2008.

NON-PAYMENT OF DIVIDENDS FOR THE 2007/08 BUSINESS YEAR

Dividends for the 2007/08 business year will not be paid out. Upon
reviewing the resolution by the general meeting of 23 September 2008
determining a dividend of EUR 0.40 per share, the executive board
determined that the resolution was not passed in accordance with the
Austrian Stock Corporation Act.

The executive board therefore felt compelled to refrain from paying out
dividends and has agreed this measure with the chairman of the supervisory
board. To allow this decision to come into effect, the executive board will
challenge the resolution of the general meeting from 23 September 2008, and
will today, to this end, file a lawsuit contesting the validity of the
aforementioned resolution at the Vienna Commercial Court.


Margit Hermentin
Head of Investor Relations
investor@immofinanz.com
+43 1 532 06 39 - 0


(c)DGAP 23.10.2008 
--------------------------------------------------------------------------- 
Language:     English
Issuer:       IMMOFINANZ AG
              Gaudenzdorfer Gürtel 67 
              A-1120 Wien
              Österreich
Phone:        +43 1 536 16 - 418 
Fax:          +43 1 536 16 - 491
E-mail:       investor@immfinanz.com
Internet:     http://www.immofinanz.com
ISIN:         AT0000809058
WKN:          911064
Listed:       Freiverkehr in Berlin, München, Stuttgart; Open Market in
              Frankfurt; Foreign Exchange(s) Wien
 
End of News                                     DGAP News-Service
 
---------------------------------------------------------------------------