Press Release

ACCENTRO Places EUR 20 Million Cash Capital Increase for Further Growth

16.

October 2018

- ACCENTRO places 2.12 million new shares for EUR 9.50 per share with institutional investors - Proceeds of around EUR 20 million to secure further growth - Transaction strengthens capital market profile and increases free float

Berlin, 16 October 2018. ACCENTRO Real Estate AG (WKN A0KFKB, ISIN DE000A0KFKB3, “ACCENTRO”, the “company”), Berlin, a leader in residential property privatisation in Germany, successfully concluded the share capital increase approved on 15 October 2018, making partial use of the existing authorised share capital and with the exclusion of shareholder subscription rights. The gross issue proceeds amounting to EUR 20.14 million are to be invested primarily in the expansion of the privatisation portfolio.

Capital increase via accelerated bookbuilding process

2.12 million new, no-par-value bearer shares were issued to institutional investors in the context of a private placement via an accelerated bookbuilding process. Due to high demand, the capital increase volume was increased compared to the resolution of October 15, 2018. The new shares were issued at a placement price of EUR 9.50 per share. This corresponds to a discount of 4.2% to yesterday’s closing price of EUR 9.92 per share, resulting in gross proceeds for the company of EUR 20.14 million. Trading in the new shares is expected to commence on 19 October 2018 on the Frankfurt stock exchange. The new shares are entitled to dividends as of 1 January 2018.

Further growth

The proceeds secure the company’s future growth. Jacopo Mingazzini, CEO of ACCENTRO comments: “We have registered significant growth in recent years and intend to further improve our position in the promising market for residential property privatisation. We want to use the proceeds of the capital increase to finance the next growth spurt. We are also significantly expanding our free float on the stock exchange with the transaction and thus further boosting the appeal of our share to investors both at home and abroad.”

ACCENTRO intends to use the proceeds from the capital increase to acquire residential properties in promising growth regions in Germany and thus further expand the privatisation portfolio. Since 30 June 2018, purchase agreements for further 336 residential units located primarily in Berlin and Leipzig were concluded, which are expected to be transferred to the balance sheet in Q4 2018. Additionally, ACCENTRO is currently reviewing acquisition opportunities for over 1,200 units at attractive locations

Capital market profile

With the takeover by Brookline, ACCENTRO has started to cultivate its capital market profile and is facilitating dialogue with investors. The share capital issue will further open up the company and shareholder base, increasing the free float to around 12.1 % and improving trading liquidity of the company’s shares.

Baader Bank AG and Quirin Privatbank AG acted as joint bookrunners for the transaction. VICTORIAPARTNERS acted as financial advisor to the company.

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is a residential property investor and Germany’s market leader in housing privatisations. Its real estate portfolio consisted of around 5,200 units as of 31 December 2020. In addition to Berlin, regional focal points include East German cities and conurbations, as well as the Rhine-Ruhr metro region and Bavaria. The business activity of ACCENTRO comprises four core divisions. These are the tenant-sensitive retailing of condominiums to owner-occupiers and private buy-to-let investors, the sale of real estate portfolios to institutional investors, the set-up and management of a proprietary real estate portfolio, and third-party condominium marketing for property asset holders, investors and developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). investors.accentro.de

Investor Relations Contact

Nicole Birth

Accentro Real Estate AG

Kantstr. 44/45

10625 Berlin

E-Mail

Telefon

birth@accentro.de

+49 (0)30 – 887 181 799

Press And Public Relations Contact

Jan Hutterer

Kirchhoff Consult AG

Borselstraße 20

22765 Hamburg

E-Mail

Telefon

E-Mail: accentro@kirchhoff.de

+49 (0)40 – 609 186 65

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