The Management Board and the Supervisory Board of ADLER Real Estate AG published their last declaration of compliance in February 2018. Due to a further deviation that has occurred in the meantime from the recommendations of the German Corporate Governance Code (“Code”) in the version dated 7 February 2017, the following update of the exceptions to declaration of compliance of February 2018 is required:
In deviation from section 7.1.2 of the Code, the interim report as at 30 June 2018 (half-year report) was not published within the deadline recommended by the Code, but within the statutory deadline. This is due to the first-time consolidation of Brack Capital Properties N.V., the majority of which was acquired in April 2018. In subsequent years, the company will comply again with the recommendation in accordance with section 7.1.2 of the Code.
ADLER Real Estate Aktiengesellschaft
Berlin, August 2018