DGAP-Ad hoc: Aareal Bank AG

DGAP-Adhoc: Aareal Bank sells property company in Sweden - slightly raises guidance for 2015's full-year consolidated operating profit, thanks to the positive impact on earnings

Aareal Bank AG / Key word(s): Disposal

08.12.2015 21:49

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.

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Aareal Bank AG has sold all the shares in ist wholly-owned subsidiary Aqvatrium AB, the owner of Fatburssjön 10/Fatburen, a commercial property located in Stockholm. The buyer is AMF Fastigheter AB, a wholly-owned subsidiary of AMF Pensionsförsaking AB domiciled in Sweden. The preliminary purchase price is SEK 3,006 million, equivalent to approximately EUR 323 million. The parties signed a corresponding Agreement today. Aareal Bank will realise non-recurring income expected to amount to approximately EUR 70 million from the transaction. The majority of this figure will be incurred at the closing date of the transaction - expected for April 2016 - and hence, in the next financial year. Based on the portion of income (EUR 12.5 million) to be recognised already in the 2015 financial year, Aareal Bank AG slightly increases its consolidated operating profit forecast for the full year 2015, from between EUR 450 million to EUR 460 million, to between EUR 460 million and EUR 470 million. At the end of February, Aareal Bank will report on the impact of the transaction's contribution to 2016 results on the Bank's full-year guidance for 2016, as part of its outlook for the 2016 financial year.

08.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Aareal Bank AG Paulinenstr.15 65189 Wiesbaden Germany Phone: +49 (0)611 348 - 0 Fax: +49 (0)611 348 - 2332 E-mail: aareal@aareal-bank.com Internet: www.aareal-bank.com ISIN: DE0005408116 WKN: 540811 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Stockholm End of Announcement DGAP News-Service ---------------------------------------------------------------------------