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ADLER Real Estate AG welcomes clarification of speculations and rumours

DGAP-News: ADLER Real Estate AG / Key word(s): Miscellaneous

2016-03-09 / 08:30

The issuer is solely responsible for the content of this announcement.

Corporate News

ADLER Real Estate AG welcomes clarification of speculations and rumours

- Full and proactive transparency by ADLER vis-à-vis the Takeover Commission and Financial Markets Authority in Austria

- Statement clarifying the requests for information by the Austrian authorities

Frankfurt/Main, 9 March 2016. Prior to the EGM of conwert Immobilien Invest SE, Vienna, which is scheduled for 17 March 2016, ADLER Real Estate AG, Frankfurt/M., (ISIN DE0005008007) had already been in contact with the Austrian Takeover Commission since mid-February 2016. ADLER's aim has been and remains that of proactively contradicting in advance, the speculative nature of the various rumours currently circulating in order to invalidate all incorrect information which was apparently deliberately released in the market, as well to ensure full and complete transparency vis-à-vis the Takeover Commission.

Yesterday, ADLER was informed by the Austrian authorities of the initiation of investigation proceedings regarding the relevant participation thresholds and if they were exceeded. In particular, it will be investigated whether ADLER Real Estate AG and further parties are to be qualified as parties acting in concert in relation to conwert Immobilien Invest SE, Vienna.

In this context, ADLER confirms that neither ADLER nor MountainPeak Trading Ltd., the subsidiary holding 22.37% of the shares in conwert, have entered into agreements or have made any arrangements with Petrus Advisers LLP or other parties with respect to conwert. From ADLER's perspective, it is undisputed that there is no acting in concert. ADLER will answer all questions asked by the Austrian authorities which may be helpful to bring clarity to this case, and will continue to act in the best interest of conwert and its shareholders.

For enquiries please contact:

german communications dbk ag
Jörg Bretschneider
Milchstr. 6 B, 20148 Hamburg
Tel.: +49 40/46 88 33 0
Fax: +49 40/46 88 33 40

Investor Relations:
Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg
Tel.: +49 40/32 02 79 10
Fax: +49 40/32 02 79 114

ADLER Real Estate AG: ADLER Real Estate AG, headquartered in Frankfurt and with its administrative headquarters in Hamburg, focuses on the acquisition, management and administration of residential property privatisation. ADLER invests primarily in portfolios with residential real estate companies in B-locations of major conurbations with units that achieve a positive cash flow and can demonstrate a sustained appreciation potential.

The ADLER subsidiary, ACCENTRO Real Estate AG, is one of the largest privatisers of residential property in Germany. ACCENTRO markets suitably targeted residential property from the holdings of the ADLER Group and procures condominiums for third party owner-occupiers and investors seeking to provide for their retirement.

Following the acquisition of Westgrund AG, Berlin at the end of June 2015 and with nearly 50,000 residential units, ADLER is among the top five largest German residential property companies listed in Germany. In addition to the listing on the FTSE EPRA / NAREIT Global Real Estate Index in London and the GRP General Index, shares in ADLER are also listed in the small cap index SDAX of the Deutschen Börse.

2016-03-09 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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