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ADLER Real Estate placed convertible bonds completely

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

27.12.2013 / 16:20


ADLER Real Estate placed convertible bonds completely

- Issue of up to 3.0 million convertible bonds

- Issue price of EUR 3.75 per note

- Finance of further development of residential real estate

Hamburg, 27 December 2013. The convertible bond 2013/2018 of ADLER Real Estate AG, Frankfurt/M., (ISIN DE0005008007) is placed completely. After termination of the subscription period subscriptions for 3.0 million convertible bonds exist. After acceptance ADLER flow to EUR 11.25 million at an issue price of 3.75 EUR per note. The notes shall bear interest at a rate of 6.00% p.a. Close Brothers Seydler AG, Frankfurt/M., accompanies the issue as sole bookrunner.

The issue proceeds from the new convertible bond 2013/2018 shall be used for financing ADLER's growth, in particular further development of residential real estate portfolios in Germany. ADLER has already taken several steps this year to generate new funds for financing the expansion of its property portfolio. In addition to a capital increase, the issue of a corporate bond and the increase of this bond ADLER has issued a convertible bond this year for the second time. The first convertible bond 2013/2017 of June 2013 has a volume of EUR 10 million. The issue price of these bonds 2013/2017 is EUR 2.00 per note.

'All together we acquired liquidity of EUR 60 million in the capital markets for our growth this year.', Axel Harloff, CEO of ADLER Real Estate AG, points out. These funds are mainly invested in the participation of ADLER in portfolios with approximately 9,000 apartments and a total volume of approx. EUR 500 million.

For inquiries please contact

Press: german communications dbk ag
Jörg Bretschneider
Alsterufer 34, 20354 Hamburg, Germany
Phone: +49-(0)40/4688330,
Fax: +49-(0)40/478180
presse@german-communications.com

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
c.hillermann@hillermann-consulting.de

Disclaimer

This document and its contents do not constitute an offer to sell or an invitation to make an offer to purchase or subscribe securities. No public offer of securities of ADLER Real Estate AG is being or will be made outside the Federal Republic of Germany. The public offer in the Federal Republic of Germany will be made exclusively on the basis of the German securities prospect that has been approved by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) on 6 December 2013 and that is available on the website of the company at www.adler-ag.com. Hard copies of the prospect are available at the company's office, Alstertor 17, 20095 Hamburg.

Securities of ADLER Real Estate AG including the convertible bonds may not be sold or offered for sale within the United States or to or for the account of / in favor of US citizens (as defined in Regulation S under the U.S. Securities Act of 1933 in the current version (the 'Securities Act')) unless they are registered under the regulations of the Securities Act or unless they are subject to an exemption from registration. ADLER Real Estate AG does not intend to register the offer or a part thereof in the United States or to make a public offer of the securities in the United States.

This document may not be distributed within the United States of America, Canada, Australia or Japan. Any breach of these restrictions can constitute a violation of the securities law of these countries.

End of Corporate News


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