DGAP-WpÜG: Pflichtangebot

Target company: ISARIA Wohnbau AG; Bidder: LSREF4 ARIA Beteiligungs GmbH & Co. KG Dissemination of an announcement according to the German Securities Acquisition and Takeover Act (WpÜG), transmitted by DGAP - a service of EQS Group AG. The bidder is solely responsible for the content of this announcement. --------------------------------------------------------------------------- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. Publication pursuant to sec. 10 para. 1 in conjunction with sec. 29 paras. 1, 34 according to the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG) Bidder: LSREF4 ARIA Beteiligungs GmbH & Co. KG Hamburger Allee 14 60486 Frankfurt am Main Germany registered in the commercial register of the local court Frankfurt am Main under HRA 48769 Target company: ISARIA Wohnbau AG Leopoldstr. 8 80802 München Germany registered in the commercial register of the local court München under HRB 187909 ISIN: DE000A1E8H38 The offer document will be published on the internet following clearance by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) at: http://www.lsref4aria.de Information on the Bidder: On June 17, 2016 LSREF4 ARIA Beteiligungs GmbH & Co. KG (the 'Bidder'), an affiliate of Lone Star Real Estate Fund IV (U.S.), L.P. and Lone Star Real Estate Fund IV (Bermuda), L.P., decided to make a voluntary public takeover offer to the shareholders of ISARIA Wohnbau AG (the 'Company') with its registered office in Munich to acquire their no-par value bearer shares in ISARIA Wohnbau AG (by way of a cash offer), each representing a pro rata amount of the registered share capital of EUR 1.00 (ISIN DE000A1E8H38) (the 'ISARIA-Shares'). In exchange for each ISARIA-Share tendered to the Bidder, the Bidder will offer EUR 4.50 in cash as consideration, subject to the final determination of the minimum price and the final terms set forth in the offer document. Otherwise, the public takeover offer will be made in accordance with the terms and conditions set out in the offer document. To the extent legally permissible, the Bidder reserves the right to deviate in the final terms of the public takeover offer from the basic information described herein. The Bidder currently intends, in agreement with the Company, to delist the Company's shares from the regulated market of the Frankfurt Stock Exchange in due course. Important notice This announcement is for information purposes only and neither constitutes an invitation to sell, nor an offer to purchase, ISARIA Wohnbau AG securities. The final terms and further provisions regarding the public takeover offer will be disclosed in the offer document once it will have been approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungen). Investors and holders of ISARIA Wohnbau AG securities are strongly recommended to read the offer document and all announcements in connection with the public takeover offer as they contain or will contain important information. The offer will be made exclusively under the laws of the Federal Republic of Germany, especially under the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz (WpÜG)). The offer will not be executed according to the provisions of jurisdictions other than those of Federal Republic of Germany. Thus, no other announcements, registrations, admissions or approvals of the offer outside of Federal Republic of Germany have been filed, arranged for or granted. Holders of ISARIA Wohnbau AG securities cannot rely on having recourse to provisions for the protection of investors in any jurisdiction other than such provisions of Federal Republic of Germany. To the extent permissible under applicable law or regulation, and in accordance with German market practice, LSREF4 ARIA Beteiligungs GmbH & Co. KG or its brokers may purchase, or conclude agreements to purchase, ISARIA Wohnbau AG securities, directly or indirectly, outside of the scope of the public takeover offer, before, during or after the acceptance or any additional acceptance period. This applies to other securities that are directly convertible into, exchangeable for, or exercisable for ISARIA Wohnbau AG securities. These purchases may be completed via the stock exchange at market prices or outside the stock exchange at negotiated conditions. Any information on such purchases will be disclosed as required by law or regulation in Federal Republic of Germany or any other relevant jurisdiction. To the extent any announcements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words 'will', 'expect', 'believe', 'estimate', 'intend', 'aim', 'assume' or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of LSREF4 ARIA Beteiligungs GmbH & Co. KG and the persons acting together with LSREF4 ARIA Beteiligungs GmbH & Co. KG. Such forward-looking statements are based on current plans, estimates and forecasts, which LSREF4 ARIA Beteiligungs GmbH & Co. KG and the persons acting together with LSREF4 ARIA Beteiligungs GmbH & Co. KG have made to the best of their knowledge, but which they do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by LSREF4 ARIA Beteiligungs GmbH & Co. KG or the persons acting together with LSREF4 ARIA Beteiligungs GmbH & Co. KG. It should be kept in mind that the actual events or consequences may materially differ from those contained in or expressed by such forward-looking statements. Frankfurt, June 17, 2016 LSREF4 ARIA Beteiligungs GmbH & Co. KG End of WpÜG announcement The 17.06.2016DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart