Warimpex, UBM and Vienna International hold a topping out celebration for andel s Hotel Berlin

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1 PRESS RELEASE Warimpex, UBM and Vienna International hold a topping out celebration for andel s Hotel Berlin Completion of the building shell on Landsberger Allee Opening of the new design hotel the biggest hotel development yet for investors Warimpex and UBM in the spring of 2009 marks continuation of the successful strategy Berlin 27 June 2008: Together with District Mayor Christina Emmrich, the construction workers and numerous guests, UBX 1 Objekt Berlin GmbH, a joint venture of the Austrian property developers UBM and Warimpex, is today celebrating the topping out party for the andel s Hotel Berlin, a 70 million project at Landsberger Allee 106, in a central location to the east of downtown Berlin with excellent connections to the city s infrastructure. This traditional German Richtfest will include the placement of a crowning wreath atop the 60-meter tower, which is the centrepiece of the new fourstar plus design hotel. We are looking forward to opening up our andel s Hotel in Germany soon, adding a new member to our successful international line. The strategy that has proven its value in Prague and Cracow and will soon be continued in Lodz is primarily defined by ambitious and extraordinary architectural design. Berlin is a dynamically developing metropolis, making it an ideal location for our first andel s Hotel in Germany. We are thrilled to be adding this site to our portfolio, explained Warimpex CEO Franz Jurkowitsch.

2 By spring 2009, the hotel will be finished, designed by the architecture office Seeger- Müller with 557 rooms on 10 floors, including a 3,800 m 2 flexible conference facility with the 570 m 2 Ballroom at its heart. These event facilities are supplemented by a spacious 550 m 2 spa and a top quality à-la-carte restaurant. The British team of architects Jestico + Whiles are the masterminds behind the hotel s interior design. The team has already employed its unique design style in many well-known hotels, such as the design hotels One Aldwych and The Hemple in London, both of which have become classics since their inception. The highlight of the andel s Hotel Berlin will certainly be our Sky Bar. From a height of 60 meters, one has a unique panorama of Berlin, says Peter Maitz, CEO of UBM Realitätenentwicklung AG, enthusiastically. Mr. Maitz also underlines the productive cooperation with the district of Lichtenberg: Thanks to the flexibility and rapid action taken by the district, we were able to move forward with the project at record-setting speed, and that means that in the spring of 2009 we ll have guests meeting, eating, sleeping and enjoying themselves here. According to Christina Emmrich, mayor of the District of Berlin-Lichtenberg, Berlin as a whole is very pleased that this site here on the Landsberger Allee is finally being put to good use. The andel s Hotel Berlin is a major plus point for the location, and for the entire district of Lichtenberg as well, as it creates a lively new focal point. The mayor was also very pleased about the renowned partners involved in the project, noting, We are very happy to have been able to work with UBM and Warimpex on revitalising this site, which had stood empty for so long, because they are two companies with in-depth experience in realising top-notch hotel projects. Andreas Geisel, the city council member responsible for urban development, construction, the environment and transportation, adds: The andel s Hotel Berlin really fills a gap in the urban landscape of our district and has already given the Landsberger Allee a whole new shine. This is an important stimulus for Lichtenberg and, at the same time, an expression of Berlin s modernity. 2

3 Renowned partners as a guarantee for quality, location and strategy The Austrian project developers brought the Berlin-based company IGP Ingenieur AG on board as project supervisors. Hotel construction is one of the major growth areas on the German and European construction market. Our know-how in this product market segment is strongly reinforced with our regional competence as well. Thanks to our cooperation with experienced partners in the construction industry from the region Berlin-Brandenburg, much of the capital which is invested actually flows right back to this region, explained Jürgen Steinmeier, CEO of IGP Ingenieur AG, which employs up to 400 workers on the site each day. The hotel group Vienna International Hotelmanagement AG, which operates numerous other hotel projects for the investors, was commissioned with management of the Hotel. The design hotels have become increasingly attractive at the international level in recent years. We are very happy to be able to serve our guests at the andel s lifestyle hotel in the bustling metropolis of Berlin, offering them truly high-quality accommodation, said Rudolf Tucek, CEO of Vienna International Hotelmanagement AG. The andel s Hotel Berlin is located in the eastern part of the German capital, in the immediate vicinity of the Velodrom concert and event facilities and the swimming and diving centre in the Europasportpark, which is the venue for many national and international competitions with the most modern swimming facilities in Berlin. The Hotel s central location is further enhanced by a direct link to the city s commuter rail system and a tram stop in front of the building, ensuring quick, easy transport into the heart of Berlin, as well as to the international airports Tegel, Tempelhof and Schönefeld and the Messe Berlin Exhibition Grounds. Thanks to its excellent connections, the Hotel is ideal for tourists and businesspeople alike. 3

4 Außenansicht andel s Hotel Berlin Seeger Müller Architekten Zimmer Vienna International Bad Vienna International Lobby andel s Hotel Krakau Vienna International Sky-Bar andel s Hotel Krakau Vienna International Download druckfähiger Bilder

5 For further information please contact: UBM Realitätenentwicklung AG Phone Roman Rusy Informationsmanagement, Vienna International Hotelmanagement AG Phone VI Corporate Communications, elisabeth.scheiring@vi-hotels.com Warimpex Finanz- und Beteiligungs AG Phone Christoph Salzer, presse@warimpex.com Daniel Folian, investor.relations@warimpex.com 4

6 About UBM UBM develops, lets and sells real estate throughout Europe with a focus on the CEE countries. In line with its international orientation, around 60% of the Vienna-based concern's EUR 263 millon in revenues for 2007 were generated outside Austria. In contrast to developers or construction companies, however, UBM is itself active as an investor, constantly expanding its assets in a similar way to an investment fund. Properties are sometimes sold immediately after completion, though often they are developed over a period of several years until they are ready for the market. As at 31 December 2007, UBM held properties with a total ground area of more than 1.7m m² and a net floor area of 317,000 m². UBM shares (UBS) are listed for trading on the Vienna Stock Exchange. About Vienna International Vienna International Hotels & Resorts was founded in On the basis of individual management contracts, Vienna International operates and is developing a total of 45 first-class hotels & resorts (28 hotels and 17 hotel projects) as well as one hotel ship and a 27-hole golf course. The portfolio, which includes four Leading Hotels of the World and one Leading Spa Hotel, comprises city, resort, spa and conference hotels in 10 European countries: Austria, the Czech Republic, Poland, Croatia, Switzerland, Slovakia, France, Germany, Romania and Russia. In 2008, Vienna International expects to welcome over 1,700,000 guests and post total revenues of EUR130 million. The hotel group employs about 2,200 people. About Warimpex Warimpex is a real estate development and investment company with headquarters in Vienna and branch offices in Budapest, Prague, St. Petersburg and Warsaw. Over the last 25 years, Warimpex has developed real estate projects in Central and Eastern Europe with a total value of more than one billion euros. At present Warimpex is the owner or co-owner of 16 luxury and business hotels with a total of more than 3,400 rooms, plus seven commercial and office buildings with a total floor area of approx. 36,000 m² in Poland, the Czech Republic and Hungary. A number of further real estate projects are currently under development. In the medium term the Group aims to achieve market leadership in hotel real estate in "New Europe". Warimpex shares are traded on the Vienna and Warsaw Stock Exchanges (WXF). 5