DGAP-News: BUWOG AG

Vienna, 05 February 2018

BUWOG AG takes note of the offer document by Vonovia SE and will examine it accordingly

BUWOG AG has taken note of the offer document published today for the voluntary public takeover offer by Vonovia SE for the purchase of all outstanding shares and convertible bonds of BUWOG AG. As of today, the shareholders of BUWOG AG and the holders of its convertible bonds have the opportunity to accept the offer.

On 18 December 2017, both parties have signed a Business Combination Agreement for a merger. The conditions of this Business Combination Agreement are reflected in the offer document published today.

In accordance with their legal obligations, the Management Board and Supervisory Board of BUWOG will examine the offer carefully and expect to publish a detailed, reasoned opinion on 13 February 2018. Subject to the legal and substantial examination of the offer document and based on currently available information, the Management Board and Supervisory Board of BUWOG AG continue to have a positive stance towards the offer.

The acceptance period starts on 5 February 2018 and ends on 12 March 2018. The completion of the takeover offer is, among other things, tied to the condition that the statutory minimum acceptance threshold of 50% plus one share of all BUWOG shares outstanding at the end of the acceptance period is met (whereas the minimum acceptance level cannot be waived). Subject to the fulfillment of the offer conditions, the settlement for the first offer period of the transaction is expected to be at the end of March 2018.

About the BUWOG Group

The BUWOG Group is the leading German-Austrian full-service provider in the residential property business and now looks back on 66 years of expertise. Its property portfolio encompasses around 49,000 units and is located in Germany and Austria. In addition to Asset Management, the entire value chain of the residential sector is covered by Property Sales and Property Development. The shares of BUWOG AG have been listed on the stock exchanges in Frankfurt am Main, Vienna (ATX) and Warsaw since the end of April 2014.

This release contains forward-looking estimates and statements that have been made on the basis of the information available at this time. Forward-looking statements reflect the points of view at the time they are made. BUWOG AG would like to point out that  the actual circumstances and thereby the actual results realized at a later date may differ from the forecasts presented herein for a variety of reasons.

For requests, please contact:

INVESTOR RELATIONS

Holger Lueth
BUWOG AG
Email: investor@buwog.com
Tel.: +43-1-878 28 1203

Jan-Hauke Jendrny
BUWOG AG
Email: investor@buwog.com
Phone: +49-30-338539 1873

MEDIA AUSTRIA

Michael Lippitsch
BUWOG AG
Email: communications@buwog.com
Phone: +43-1-878 28 1710

Thomas Brey
M&B PR, Marketing, Publications
Email: brey@mb-pr.at
Phone: +43-1-233 01 23-15

MEDIA GERMANY

Michael Divé
BUWOG AG
Email: michael.dive@buwog.com
Phone: +49-1590-4621 993