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ADLER Real Estate AG: ADLER Real Estate AG indirectly acquires 24.79 percent stake in conwert Immobilien Invest SE

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

17.08.2015 15:28

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Publication in Accordance with § 15 of the Securities Trading Act

ADLER Real Estate AG indirectly acquires 24.79 percent stake in conwert
Immobilien Invest SE

Hamburg, 17 August, 2015. ADLER Real Estate Aktiengesellschaft ("ADLER",
ISIN: DE0005008007/ WKN: 500800), Frankfurt/M. has acquired all the shares
in MountainPeak Trading Limited for a total consideration of around EUR 285
million. MountainPeak, a holding company owned by the entrepreneur Teddy
Sagi, holds 24.79 percent in the share capital of conwert Immobilien Invest
SE, Vienna, one of the leading real estate holding companies in Germany and
Austria which holds residential and commercial real estate in both
countries. With this strategic investment, ADLER further pursues its growth
strategy to become a leading residential real estate company in Germany.
This strategic participation is fully funded.

As part of the purchase price, ADLER will issue a mandatory convertible
bond in an amount of EUR 175 million, a coupon of 0.5%, and a conversion
price of EUR 16.50 per ADLER share over a three year term. The mandatory
convertible bond is conditional upon ADLER's shareholders' meeting and
passing the necessary resolution for the creation of the corresponding
conditional capital. For this purpose, ADLER has agreed to convene an
extraordinary shareholders' meeting in due course.

The Management Board

For inquiries please contact:

PRESSE: german communications dbk ag
Jörg Bretschneider
Milchstr. 6 B, 20148 Hamburg
Tel.: 040/46 88 33 0, Fax: 040/47 81 80

INVESTOR RELATIONS: Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg
Tel.: 040/32 02 79 10, Fax: 040/32 02 79 114

17.08.2015 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