EANS-News: YOUNIQ AG publishes half year figures 2011

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6-month report

Subtitle: Successful further development of core business "Student
Housing" / Significant growth in net asset value per share to EUR
10.41 as of June 30, 2011 / Positive net income forecast for fiscal
year 2011

Frankfurt am Main (euro adhoc) - August 29, 2011 - YOUNIQ AG, the
leading provider of high-quality student apartments in Germany, has
today published its results for the first half of 2011. The company
generated EUR 16.46 million of total revenue in the reporting period
(previous year: EUR 19.95 million). At EUR 11.23 million, the major
proportion of this amount was generated from the core "Student
Housing" business (previous year: EUR 14.90 million). This decline is
primarily attributable to a reduction in revenues from construction
contracts, a business that is to be discontinued in the future.

Correspondingly, EBIT amounted to EUR 2.64 million in the period
under review, compared with EUR 4.45 million in the prior-year
period. Following the first six months of 2011, YOUNIQ AG reported a
net income of EUR -0.76 million (previous year: EUR 2.25 million),
whereby the loss incurred in the first quarter of 2011 could be
reduced in the second quarter. It should be noted in this context
that interest expenses of around EUR 1.67 million for shareholder
loans impacted the 2011 first-half result. The Group would have
reported a positive net income excluding these expenses. These
interest expenses will essentially no longer be incurred from the
second half of 2011 due to the waiver of shareholder loans that was
implemented as of June 30, 2011.

The company's financing structure strongly improved as of June 30,
2011. The company's balance sheet equity underwent a marked increase
from EUR 47.9 million as of the 2010 year-end to EUR 108.5 million as
a result of the successful completion of the capital increase in June
2011, and the controlling shareholder's subsequent waiver of EUR 37.6
million of loan receivables. Net asset value (NAV) increased strongly
from EUR 6.77 to EUR 10.41. At the same time, the loan to value ratio
- the ratio between net financial debt, including shareholder loans,
and real estate assets - improved from 66% to 37%. Marcel Crommen,
CFO of YOUNIQ AG, commented as follows: "We have significantly
improved the Group's financing structure in the past half-year. This
creates a very solid basis for the further growth of our core
business."

In view of this situation, Rainer Nonnengässer, CEO of YOUNIQ AG,
looks with optimism to the future: "We are planning further
acquisitions in the second half of the year to further extend our
market leadership in the Student Housing business. Overall conditions
also reflect a positive trend since student numbers in Germany
continue to grow as a result of the doubled number of high school
graduates due to the G8 reform, and the suspension of military
service. Studying at higher education level in Germany is also
becoming more attractive as a result of the recent ruling by the
German Supreme Tax Court that the cost of education are likely to be
offset against future taxable income under certain preconditions."

Given the positive overall environment, and the earnings impact as a
consequence of the waiver agreements, the Executive Board anticipates
an improved result in the second half of 2011, particularly due to
the fact that further positive income effects are expected from
planned acquisitions. As a consequence, the Executive Board is
forecasting a positive net income for the full 2011 year on the basis
that the company's projects progress as planned, and in light of its
continued acquisition activity.

The 2011 half year report can be downloaded from the company's
website at www.youniq-group.de, within the Investor Relations
section.

Company profile

YOUNIQ AG

YOUNIQ AG has focused on student accommodation since 2009. The
company covers a significant portion of the value chain - ranging
from the purchase of properties and land, through project
development, including planning, procurement of planning permission,
construction, and all the way through to commercial and technical
management. YOUNIQ has developed into a leading provider for this
segment with currently 2,199 high-quality apartments that are in
either the management or construction phases. The properties are
located at nine sites in Germany, including Munich, Erlangen,
Karlsruhe, Frankfurt am Main, Mainz and Leipzig. YOUNIQ draws
together many years of experience acquired in the areas of project
development and the portfolio management of largely residential
properties. Due to its past business operations, YOUNIQ AG holds an
existing portfolio comprising a further 951 units, thereby allowing
stable rental income to be generated. YOUNIQ AG (ISIN: DE000A0B7EZ7,
WKN: A0B7EZ) is listed on the Frankfurt Stock Exchange (Prime
Standard).

Further information is available from: www.youniq-group.de

Further inquiry note:
Kontakt:
Investor Relations
cometis AG
Ulrich Wiehle
Tel.: +49 (0)611 - 205855-11
Fax: +49 (0)611 - 205855-66
E-Mail: wiehle@cometis.de

end of announcement euro adhoc
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company: YOUNIQ AG
Neue Mainzer Strasse 28
D-60311 Frankfurt am Main
phone: +49(0)69 35101480
FAX: +49(0)69 351014890
mail: ir@youniq.de
WWW: http://www.youniq-group.de
sector: Real Estate
ISIN: DE000A0B7EZ7
indexes:
stockmarkets: free trade: Berlin, Stuttgart, Düsseldorf, regulated
dealing/general standard: Frankfurt
language: English