Ad-hoc Announcements

IMMOFINANZ announces the purchase of approx. 19.5 million bearer shares of S IMMO AG

With the signing of share purchase agreements today, 18 April 2018, IMMOFINANZ AG has purchased 19,499,437 bearer shares (representing an investment of 29.14%) of S IMMO AG from member companies of the RPR Group (approx. 14.6 million shares) and the SIGNA Group (approx. 4.9 million shares). The transaction is subject to various conditions precedent, in particular the approval of the antitrust authorities in Austria, Germany and other jurisdictions. The Supervisory Board of IMMOFINANZ approved the purchase today.

The purchase price amounts to EUR 20.0 per share, for a total transaction volume of approximately EUR 390.0 million. It will be funded from available liquidity and, if necessary, through additional bank financing. The transaction is expected to close in several months.

The real estate portfolio of S IMMO complements the IMMOFINANZ portfolio in the office and retail areas. The transaction is therefore expected to strengthen the market position of both companies and create synergies for the management of the properties. In the event of a future combination of the two companies, the increased size would lead to a stronger position on the capital market. Opportunities for the realisation of substantial synergies in financing and overhead costs would also be possible.

The situation with regard to IMMOFINANZ’s investment in CA Immo remains unchanged: IMMOFINANZ is evaluating other strategic options independent of a possible merger. This also includes the possible profitable sale of the CA Immo investment.

Reservations regarding forward-looking statements. This announcement includes statements that are based on future developments. These statements represent estimates which were made on the basis of information available to IMMOFINANZ AG at the present time. If the underlying assumptions do not materialise, the actual events occurring in the future could differ from the above statements concerning the future development of IMMOFINANZ AG. Therefore, no liability can be accepted for these statements.