ECO Corporate Governance
Declaration of Compliance

ECO Business-Immobilien AG declares its support for the Austrian Code of Corporate Governance (Österreichischer Corporate Governance Kodex [ÖCGK]).

The Austrian Code of Corporate Governance (version of January 2009), issued by the Austrian Working Group for Corporate Governance, addresses mainly public limited companies listed on the Austrian Stock Exchange. The basis of the Code are provisions of the Austrian corporation law, securities law and capital market law, EU Directives regarding the responsibilities of supervisory board members and the compensation for the management board, as well as the principles of OECD Guidelines for Corporate Governance.

ECO Business-Immobilien AG meets all legal requirements (L-Rules) defined by the Austrian Code of Corporate Governance in full. Any variances to the C-Rules of the Corporate Governance Code must be disclosed and explained. For ECO Business-Immobilien AG, this relates to the C-Rules disclosed in the following declaration of compliance: