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DGAP-News: ESTAVIS AG: Adjustment of the conversion price for the convertible bond (2012/2017) of Estavis AG, Berlin, over the amount of EUR 8,591,611.20 subject to an interest of 7.75% and maturing on 25 June 2017 (ISIN DE000A1PHDA3 / WKN A1P HDA)

July 8, 2014

DGAP-News: ESTAVIS AG / Key word(s): Bond/Miscellaneous ESTAVIS AG: Adjustment of the conversion price for the convertible bond (2012/2017) of Estavis AG, Berlin, over the amount of EUR 8,591,611.20 subject to an interest of 7.75% and maturing on 25 June 2017 (ISIN DE000A1PHDA3 / WKN A1P HDA) 09.07.2014 / 07:30 --------------------------------------------------------------------- As a result of the expiration of the acceptance period concerning the voluntary offer (conversion offer) submitted to the shareholders of Estavis AG by Adler Real Estate AG and in response to the resulting change of control pursuant to the Terms and Conditions of the Bond (Art. 14), the conversion price for the convertible bond (2012/2017) of Estavis AG, Berlin, in the amount of EUR 8,591,611.20 with an interest rate of 7.75% and maturing on 25 June 2017 had been adjusted pursuant to section 14 para. 1 letter (d) of the Terms and Conditions and equalled EUR 2.0861. The conversion ratio equalled 1.1504 Estavis shares for each convertible bond converted. Residual fractional shares were balanced pursuant to section 8 para. 2 of the Terms and Conditions. The creditors of convertible bond 2012/2017 (ISIN DE000A1PHDA3) had the right either to demand redemption of their convertible bonds or to convert them at a reduced conversion price pursuant to section 14 para. 1 letter (d) of the Terms and Conditions into shares of Estavis until 08 July 2014 (effective date). The effective date pursuant to section 14 para. 1 letter (a) (ii) of the Terms and Conditions, and thus the final day for exercising the conversion rights with a reduced conversion price pursuant to the provisions above, was 08 July 2014. The conversion price (the "Conversion Price") now equals EUR 2.40, subject to a possible future adjustment. Berlin, in July 2014Estavis AG The Management Board Contact: ESTAVIS AG Investor & Public Relations Tel: + 49 30 887 181 799 E-Mail: ir@estavis.de End of Corporate News --------------------------------------------------------------------- 09.07.2014 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: ESTAVIS AG Uhlandstr. 165 10719 Berlin Germany Phone: +49 (0)30 - 887 181 - 0 Fax: +49 (0)30 - 887 181 - 11 E-mail: info@estavis.de Internet: http://www.estavis.de ISIN: DE000A0KFKB3 WKN: A0KFKB Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÜsseldorf, Hamburg, MÜnchen, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 277217 09.07.2014


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Source: DGAP Corporate News


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