DGAP-Ad hoc: Adler Real Estate AG

Publication of Insider Information pursuant to Article 17 of the Market Abuse Regulation

ADLER Real Estate AG: Share buyback programme complemented
- Maximum total purchase price: EUR 20 million
- Programme to begin on 6. December 2017

Berlin, 6. December 2017. The Management Board of ADLER Real Estate AG, Berlin, today resolved to complement the 2^nd share buyback programme which had been terminated in the course of last week and to acquire additional shares with a maximum total purchase price (excluding ancillary expenses) of up to EUR 20 million. Based on the current share price (XETRA closing price on 5. Decemer 2017), this corresponds to up to 1,618,122 shares or approximately 2.81 % of the company's current statutory share capital. ADLER is authorised to buy back treasury stock shares by resolution of the Extraordinary General Meeting held in October 2015.

The buyback programme is due to begin on 6 December 2017 and will run for an indefinite period. It will end once the maximum total volume is reached or if the Management Board decides to terminate the programme. ADLER intends to use the treasury shares as acquisition currency should suitable market opportunities arise. The company will not trade its treasury stock.

The shares will be acquired via the stock exchange taking due account of the provisions of Regulation (EU) No. 596/2014 of the European Parliament and Council of 16 April 2014 on market abuse ("Market Abuse Regulation") and on the basis of Article 5, section 6 of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and of the Council with regard to regulatory for the conditions applicable to buy-back programmes and stabilisation measures ("Delegated Regulation") and the volume limits, further restrictions on acquisitions and disclosure obligations set out therein.