DGAP-Adhoc: ESTAVIS AG: ESTAVIS Successfully Concludes Portfolio Acquisition and Postpones Capital Increase

ESTAVIS AG / Key word(s): Real Estate/Corporate Action

01.05.2013 21:01

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Berlin, 30 April 2013 - Today, ESTAVIS AG concluded the acquisition of a
housing portfolio in Berlin's Hohenschönhausen district - announced in late
September 2012 - with the transfer of ownership to the buyer. ESTAVIS
acquired 1,200 units of the portfolio, which includes a total of 3,200
apartments, at eleven times the annual net rent while another two clusters
of nearly 1,000 apartments each were resold to an institutional investor.
At the same time, the Management Board of ESTAVIS AG resolved today with
the Supervisory Board's approval to postpone the regular capital increase
initially planned for the H1 2013. The conclusion of the transaction and
the significant increase in net asset value (NAV) associated with it
represent a key criterion for making the capital increase attractive to
potential investors. This is why the Board considers it to be in the best
interest of current and possible new shareholders to wait until the end of
the summer, when the integration of the properties acquired into the
existing portfolio will have been completed, before finalising the decision
on the capital measure.

About ESTAVIS:
ESTAVIS AG is a listed property company focusing on residential properties.
Through its purchasing network, which extends throughout Germany, ESTAVIS
AG identifies property portfolios with great value-added potential, and
uses its management expertise to harness this potential efficiently. In
addition to regular cash flow from the property portfolio acquired, ESTAVIS
AG develops its performance from income from privatisation proceeds.
ESTAVIS AG is headquartered in Berlin and is listed on the Prime Standard
of the Frankfurt Stock Exchange (German Securities Code Number [WKN]:
A0KFKB).

Contact:
ESTAVIS AG
Investor & Public Relations
Tel: + 49 30 887 181 799
E-mail: ir@estavis.de

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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 Announcement DGAP News-Service

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