• ental income increased by 4.8 %
• Reduction of indirect expenditures by 18.4 %
• Reduction of EBITDA as a consequence of lower sales results
• Revaluation losses in the CEE and SEE portfolio lead to a revaluation result of € -51.6 m
• Property sales of € 150 m signed since start of the year

Vienna, May 26 2009. Compared to the first quarter of 2008 rental income of the CA Immo Group increased by 4.8 % to € 45.2 m. A significant part of this increase can be attributed to the favourable development of the Austrian portfolio, where as a result of lower vacancy levels and several additions to the portfolio an increase of 7.9 % was achieved.  Property sales contributed € 4.7 m (Q1 2008: € 8.5 m) to the result, of which roughly half came from sales of assets held for trading and half from the sale of long-term properties. The implementation of cost cutting measures lead to a significant reduction of indirect expenditures, which decreased by 18.4 % to € 10.8 m. EBITDA amounted to € 36.4 m, which, mainly as a result of the lower contributions from sales of properties, means a reduction of 8.0 % compared to Q1 2008. The revaluation result came out at € -51.6 m. Negative revaluations in our CEE and SEE portfolio of € -59.3 m were partly counterbalanced by positive revaluations of € 7.8 m of property assets under development in Germany following the first time application of IAS 40 on property assets under development. In addition to financing costs of € -26.5 m, the financial result was also negatively impacted by foreign currency effects and valuation changes of interest rate hedges and therefore amounted € -34.9 m (Q1 2008: € -29.4 m).

Earnings before tax (EBT) for the first three months 2009 amounted to € -51.8 m (Q1 2008: € 10.9 m), net income after minorities was € -33.6 m (Q1 2008: € 3.2 m).Net asset value (NAV) per share as of March 31 2009 was 18.22 € (Dec 31 2008: € 18.92). Operating cash flow for the first quarter 2009 was € 30.8 m.The equity ratio of CA Immo at the balance sheet date reached 40 %. Net debt as of March 31, 2009 was unchanged at € 1.6 bn compared to a real estate portfolio of € 3.8 bn. Despite the challenging market environment, CA Immo was able to sign property sales in Germany and Austria with a total value of over € 150 m since the beginning of the year. Of these, € 17 m became effective in Q1. These transactions have an important positive effect on the Group, both in terms of the liquidity position as well as with regard to the financial result. Another important operational success of the first quarter 2009 was the approval of a loan financing in the amount of € 254 m for the planned project Tower185 in Frankfurt.

These transactions demonstrate again that, due the quality and first class locations, there is demand for our projects and adequate financing can be obtained even in these difficult times.

Key financial figures

Please address any queries to:

 CA Immobilien Anlagen AG
Investor Relations
Florian Nowotny
Claudia Hainz
Tel.: +43 (0)1 532 59 07
Fax: +43 (0)1 532 59 07-595
e-mail: ir@caimmoag.com
www.caimmoag.com