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ADLER Real Estate AG: ADLER Real Estate AG decides not to pursue a convertible bond issue

ADLER Real Estate AG  / Key word(s): Bond

29.06.2015 21:53

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad hoc disclosure pursuant to section 15 WpHG

ADLER Real Estate AG decides not to pursue a convertible bond issue

Hamburg, 29 June 2015. ADLER Real Estate AG, Frankfurt/M. (ISIN
DE0005008007), today published the securities prospectus for the admission
to trading on the regulated market (Prime Standard) of Frankfurt Stock
Exchange of the new shares from the capital increase against contribution
in kind resolved by the company's shareholders' meeting on 29 April 2015
for issue to the WESTGRUND shareholders who have tendered their shares in
the course of the takeover offer.

The prospectus also included the offering of convertible notes for
subscription to its shareholders. Due to the impact of the situation in
Greece on the stock markets, ADLER's management board, after consultation
with the advising banks, came to the conclusion that it is in the best
interest of the company not to pursue a capital markets transaction in the
current market environment. Accordingly, the subscription offer described
in the prospectus will not be pursued.

This communication does not constitute an offer to sell or an invitation to
make an offer to purchase or subscribe for securities. There will be no
public offering of notes of ADLER Real Estate AG.

The distribution of this communication may be restricted by law in certain
jurisdictions. Persons who come into possession of this communication are
requested to obtain appropriate information about the relevant legal
requirements and to comply with these. Any failure to comply with these
restrictions may constitute a violation of the securities laws of any such

This communication is not intended for distribution in or within the United
States of America, Canada, Australia or Japan or in other jurisdictions
where a publication may be restricted by law. This communication does not
constitute a public offer for securities in the United States of America.

For enquiries, please contact:

PRESS: german communications dbk ag
Jörg Bretschneider
Milchstr. 6 B, 20148 Hamburg, Germany
Phone: +49-(0)40/46 88 33 0, Fax: +49-(0)40/47 81 80

INVESTOR RELATIONS: Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg, Germany
Phone: +49-(0)40/32 02 79 10, Fax: +49-(0)40/32 02 79 114

29.06.2015 The DGAP Distribution Services include Regulatory Announcements,
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Language:     English
Company:      ADLER Real Estate AG
              Herriotstr. 5
              60528 Frankfurt am Main
Phone:        +49 (0)40 - 29 8130-0
Fax:          +49 (0)40 - 29 8130-99
ISIN:         DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02
WKN:          500800, A14J3Z, A1R1A4, A11QF0
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg
End of Announcement                             DGAP News-Service