The articles of association do not set a specific age limit for the members of the Executive Board or Supervisory Board. The company does not consider such age limits to be reasonable, but rather allows the responsible bodies of the corporation to make their own decisions on appointments.

IMMOFINANZ will also comply with the regulations of the Austrian Corporate Governance Code during the 2007/08 financial year. Since an internal audit department was established as a separate staff department at the beginning of 2007/08, IMMOFINANZ now also meets the requirements defined in rule 18 of the code.