PRESS RELEASE

Warimpex sells Csalogány office building in Budapest

Budapest/Vienna, 3 July 2009 – Warimpex Finanz- und Beteiligungs AG finalised the sale of the
Csalogány office building in Budapest to an international private investor at the end of June 2009. The
sale price was higher than the most recent fair value determined by CB Richard Ellis (CBRE) in
December 2008 and also significantly higher than the book value. "This good deal shows the high level
of trust placed in Warimpex and our work – despite the difficult economic and market conditions. We
see this transaction as confirmation of the fact that we are on the right path with our projects," said
Georg Folian, member of the Warimpex Management Board.

The Csalogány office building was erected in 1970 and purchased by Warimpex in 2003. After its
purchase, the building was completely renovated and adapted to meet the requirements of the new
tenant and brought up to category A. The entire building was let out to the central court in the second
quarter of 2009. The seven-storey Csalogány office building has an area of 2,800 square metres.

Centrally located on the Buda side of the city in the middle of Budapest's business district, the
Csalogány office building is close to a wide range of shops, businesses and residential buildings. It can
be reached optimally by road and the city's public transportation system. The Mammut shopping and
event centre is also located nearby and offers a wide range of shops and entertainment.

The latest events in Hungary were the sale of the Pauler office building in Budapest in December 2008
and a recent celebration for the transfer of the newly renovated Erzsébet office building to its tenant.
The sale of the Csalogány office building marks the continuation of Warimpex' successful activities in
Hungary, and the real estate developer now owns three office buildings in Budapest. “After opening the
design hotels andel’s Berlin and andel’s Łódź as well as the topping-out ceremony for the hotel angelo
Katowice, the new leases and the current deal in Budapest are a positive conclusion to an eventful first
half of the year,” says Warimpex CEO Franz Jurkowitsch.
Warimpex Finanz- und Beteiligungs AG at a glance
Warimpex Finanz- und Beteiligungs AG is a property development and investment company with its headquarters in Vienna
and offices in Budapest, Prague, St. Petersburg and Warsaw. Over the past twenty-five years, Warimpex has developed
properties worth over one billion euros in Central and Eastern Europe. Warimpex currently owns or jointly owns nineteen
business and luxury hotels with over 4,600 rooms in total and five commercial and office buildings with a total useable area of
roughly 28,000 square metres. The properties are located primarily in Central and Eastern Europe. A number of further hotel
projects are currently under development. Over the medium term, the Group has its sights set on becoming the market leader
in the hotel property segment in the "New Europe". The Warimpex share is listed on the Vienna and Warsaw (WXF) stock
exchanges.

Contact:
Warimpex Finanz- und Beteiligungs AG
Christoph Salzer
presse@warimpex.com

Daniel Folian
investor.relations@warimpex.com

Tel. +43 1 310 55 00

www.warimpex.com