PTA-Adhoc: PATRIZIA Immobilien AG: PATRIZIA Immobilien AG increases voluntary public offer price

5/12/2015, 11:05 PM (Source: pressetext)
Augsburg (pta039/12.05.2015/23:05) - Augsburg, 12 May 2015. On 15 April 2015, PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) submitted a voluntary public offer, using an appropriate acquisition vehicle, to the owners of each of a Norwegian and a Swedish company (Boligutleie Holding III AS and Hyresfastigheter III Gul AB) to acquire their shares in each of the companies. In relation to the offer made to the shareholders of Boligutleie Holding III AS, PATRIZIA Immobilien AG will act together with a co-investor. Boligutleie Holding III AS and Hyresfastigheter III Gul AB hold all shares in the real estate fund Hyresbostäder i Sverige III Gul AB, which holds residential property portfolios.

Adhoc announcement according to article 15 WpHG

Augsburg (pta039/12.05.2015/23:05) - Augsburg, 12 May 2015. On 15 April 2015, PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) submitted a voluntary public offer, using an appropriate acquisition vehicle, to the owners of each of a Norwegian and a Swedish company (Boligutleie Holding III AS and Hyresfastigheter III Gul AB) to acquire their shares in each of the companies. In relation to the offer made to the shareholders of Boligutleie Holding III AS, PATRIZIA Immobilien AG will act together with a co-investor. Boligutleie Holding III AS and Hyresfastigheter III Gul AB hold all shares in the real estate fund Hyresbostäder i Sverige III Gul AB, which holds residential property portfolios.

Initially, the offer provided for a cash amount of NOK 9.00 as consideration for 1 tendered share in Boligutleie Holding III AS, and for a cash consideration of SEK 9.80 for 1 tendered share in Hyresfastigheter III Gul AB. Pursuant to a management board resolution of PATRIZIA Immobilien AG as of 6 May 2015, the former voluntary public offer price was increased. Pursuant to a management board resolution of PATRIZIA Immobilien AG as of today, the respective voluntary public offer price was increased by NOK 0.30 to NOK 10.85 as consideration for 1 tendered share in Boligutleie Holding III AS, and by SEK 1.50 to SEK 15.85 per 1 ordinary share tendered. The amount of SEK 10.00 per 1 B share tendered in Hyresfastigheter III Gul AB remains unaffected.

For further information regarding the voluntary public offer, PATRIZIA refers to its publica-tion dated 15 April 2015 as well as 6 May 2015.

Important information:
This announcement is neither an offer to purchase nor a solicitation of an offer to purchase shares in Boligutleie Holding III AS or Hyresfastigheter III Gul AB. Moreover, this announcement is neither an offer nor a solicitation to purchase PATRIZIA Immobilien AG shares.

To the extent permissible under applicable law or regulation, PATRIZIA Immobilien AG and/or its acquisition vehicle or any brokers acting on their behalf may purchase or conclude agreements to purchase shares in Boligutleie Holding III AS or Hyresfastigheter III Gul AB, directly or indirectly, outside the voluntary public offer, before, during or after the expiry of the offer acceptance period. This also applies to any other securities which are directly convertible into, exchangeable for, or exercisable for shares in Boligutleie Holding III AS or Hyresfastigheter III Gul AB.

To the extent that this document contains forward-looking statements, such statements do not represent facts and are characterised 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 PATRIZIA Immobilien AG and the persons acting together with PATRIZIA Immobilien AG. Such forward-looking statements are based on current plans, estimates and forecasts, which PATRIZIA Immobilien AG and the persons acting together with PATRIZIA Immobilien AG 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 PATRIZIA Immobilien AG or the persons acting together with PATRIZIA Immobilien AG. 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.

The Managing Board
Augsburg, 12 May 2015

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emitter: PATRIZIA Immobilien AG
address: Fuggerstraße 26, 86150 Augsburg
country: Germany
contact person: PATRIZIA Investor Relations
phone: +49 821 50910-369
e-mail: investor.relations@patrizia.ag
website: www.patrizia.ag

ISIN(s): DE000PAT1AG3 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf, free market in Hannover; open market in Berlin

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