DGAP-Adhoc

Deutsche Wohnen AG announces voluntary public tender offer in cash for all outstanding shares in and convertible bonds issued by conwert Immobilien Invest SE as well as an anticipatory mandatory public offer for all shares in ECO Business-Immobilien AG

Deutsche Wohnen AG / Key word(s): Offer

15.02.2015 21:20

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

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AD-HOC ANNOUNCEMENT PURSUANT TO SECTION 15 OF THE GERMAN SECURITIES TRADING
ACT ("WPHG")

Deutsche Wohnen AG announces voluntary public tender offer in cash for all
outstanding shares in and convertible bonds issued by conwert Immobilien
Invest SE as well as an anticipatory mandatory public offer for all shares
in ECO Business-Immobilien AG

Today, both the management and the supervisory board of Deutsche Wohnen AG
("Deutsche Wohnen") resolved that Deutsche Wohnen will issue a voluntary
public tender offer for a controlling interest ("cash offer") in accordance
with the Austrian Takeover Act for all outstanding shares in conwert
Immobilien Invest SE ("Conwert"), not held by Conwert itself (the "tender
offer"). Deutsche Wohnen AG plans to pay a tender price of EUR 11.50 in
cash per Conwert share.

The planned offer price represents an approximately 21.5 percent premium
over the volume-weighted average price over the past six months.

The tender offer will extend to Conwert's convertible bonds. During the
offer period Deutsche Wohnen plans to pay a cash offer price of EUR 111,868
per nominal EUR 100,000 convertible bond with maturity date in 2016 and EUR
119,295 per nominal EUR 100,000 convertible bond with maturity date in
2018. During the grace period (Nachfrist) the cash offer price is expected
to amount to EUR 107,376 per nominal EUR 100,000 convertible bond with
maturity date in 2016 and EUR 102,041 per nominal EUR 100,000 convertible
bond with maturity date in 2018.

Conwert's biggest shareholder, the Haselsteiner Familien-Privatstiftung
("HFP"), endorses the offer by Deutsche Wohnen and has committed to
participating in the tender offer with a directly or indirectly held stake
of approximately 19 percent of the issued share capital. Thereby, HFP
reduces its holdings in Conwert to a share of 5.1 percent (fully diluted).