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DGAP-News: ADLER Real Estate AG: ESTAVIS shareholders accept exchange offer of ADLER for a majority

June 3, 2014

DGAP-News: ADLER Real Estate AG / Key word(s): Acquisition ADLER Real Estate AG: ESTAVIS shareholders accept exchange offer of ADLER for a majority 03.06.2014 / 10:40 --------------------------------------------------------------------- ESTAVIS shareholders accept exchange offer of ADLER for a majority - Acceptance ratio of 78.5 percent of the ESTAVIS share capital - Additional period for acceptance runs until 13 June 2014, 24 p.m. - Exchange offer amounting to 14 ADLER for 25 ESTAVIS shares Hamburg, 3 June 2014 - The shareholders of ESTAVIS AG, Berlin, (ISIN DE000A0KFKB3 respectively ISIN DE000A1YC9Y3 for non-admitted shares) have accepted the voluntary public exchange offer of ADLER Real Estate AG, Frankfurt/M., (ISIN DE0005008007) by a large majority. To the present day shareholders of ESTAVIS declared acceptance of the offer for 15,730,504 no-par shares. This is equivalent to 78.5 percent of the share capital of ESTAVIS. Because in the second week of the exchange offer period acceptances amounting to more than 50 percent of the share capital of ESTAVIS, the essential condition for the offer, i.e. the takeover of a majority of ESTAVIS by ADLER Real Estate, was early fulfilled. Shareholders of ESTAVIS, who have not tendered their right for an exchange of their shares so far, can still do so until 13 June 2014, 24 p.m. in the course of the current extension period. ADLER has offered to convert each 14 of its shares against 25 shares of ESTAVIS. With the takeover of ESTAVIS ADLER will be able to take another major step on its growth path for positioning itself as an important residential real estate company. After consolidation of ESTAVIS ADLER Group will already hold approx. 16,500 residential properties. By taking into consideration the acquisition of another substantial residential real estate portfolio consisting of around 7,700 residential and almost 500 commercial units, which were contractually signed one week ago, the property portfolio of the growing ADLER Group will amount to approx. 24,800 units. For inquiries please contact Press: german communications dbk ag JÖrg Bretschneider Alsterufer 34, 20354 Hamburg, Germany Phone.: +49 (0) 40/46 88 33 0 Fax: +49 (0) 40/47 81 80 presse@german-communications.com Investor Relations: Hillermann ConsultingChristian Hillermann Poststraße 14, 20354 Hamburg, Germany Phone: +49 (0) 40/32 02 79 10 Fax: +49 (0) 40/32 02 79 114 c.hillermann@hillermann-consulting.de End of Corporate News --------------------------------------------------------------------- 03.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's 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: ADLER Real Estate AG Alstertor 17 20095 Hamburg Germany Phone: +49 (0)40 - 29 8130-0 Fax: +49 (0)40 - 29 8130-35 E-mail: info@adler-ag.com Internet: www.adler-ag.com ISIN: DE0005008007, DE000A1R1A42, WKN: 500800, A1R1A4 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÜsseldorf, Hamburg End of News DGAP News-Service --------------------------------------------------------------------- 271867 03.06.2014


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Source: DGAP Corporate News


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