DGAP-News: Fair Value REIT-AG

DGAP-News: Fair Value REIT-AG repays convertible bond 2015/2020 prematurely

DGAP-News: Fair Value REIT-AG / Key word(s): Bond/Real Estate Fair Value REIT-AG repays convertible bond 2015/2020 prematurely

23.02.2016 / 07:30 The issuer is solely responsible for the content of this announcement.

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Fair Value REIT-AG repays convertible bond 2015/2020 prematurely

Munich, 23 February 2016 - Fair Value REIT-AG (ISIN DE000A0MW975) has prematurely repaid the convertible bond 2015/2020 (ISIN DE000A13SAB8) with a total nominal value of EUR8.46 million that was issued on 19 January 2015 at an interest rate of 4.5% p.a. The convertible bond originally had a term until 19 January 2020 and had been listed on the Quotation Board of the Frankfurt Stock Exchange since 19 January 2015. The convertible bond has already been delisted due to early repayment.

The convertible bond was repaid early at the request of the creditors. Under the terms of the bond, they had the right as a result of the change of control at Fair Value REIT-AG that occurred on 21 December 2015 to demand it be repaid early at 103% of the nominal amount plus accrued interest on 19 February 2016.

Frank Schaich, CEO of Fair Value REIT-AG, explains: "The repayment amount was refinanced using two loans with terms of three and four years and which are partially secured by mortgages. At around 3.7% p.a., the weighted average effective interest rate is significantly lower than the nominal interest expense for the convertible bond."

Contact Fair Value REIT-AG Frank Schaich Tel. 089-9292815-10 Fax. 089-9292815-15 e-mail: schaich@fvreit.de

Company profile

Fair Value REIT-AG, based in Munich, focuses on retail and office properties in German secondary locations as well as on real estate holdings with a special emphasis on closed end funds.

As of 30 September 2015, Fair Value's total portfolio of 44 properties had a market value of EUR 305.6 million. This portfolio had an occupancy rate of 91.8% of potential rent on full occupancy of EUR 27.4 million per year. As of 30 September 2015 the weighted remaining term of the leases was 4.6 years. Around 57% of the potential rent relates to retail space, 33% to office space and 10% to other types of use.

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23.02.2016 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.

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

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Language: English Company: Fair Value REIT-AG Leopoldstraße 244 80807 München Germany Phone: +49 (0)89 9292 815-01 Fax: +49 (0)89 9292 815-15 E-mail: info@fvreit.de Internet: www.fvreit.de ISIN: DE000A0MW975 WKN: A0MW97 Indices: RX REIT All Share Index, RX REIT Index Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart End of News DGAP News Service ---------------------------------------------------------------------------

439129 23.02.2016