DGAP-News

Deutsche Wohnen AG announces voluntary public tender offer for conwert Immobilien Invest SE

DGAP-News: Deutsche Wohnen AG / Key word(s): Offer
Deutsche Wohnen AG announces voluntary public tender offer for conwert
Immobilien Invest SE

15.02.2015 / 21:31

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Deutsche Wohnen AG announces voluntary public tender offer for conwert
Immobilien Invest SE

- Deutsche Wohnen intends to offer EUR11.50 in cash per Conwert share for
all outstanding shares

- Premium of approximately 21.5 percent over the volume weighted average
price over the past six months for the Conwert shares

- Haselsteiner Familien-Privatstiftung as well as Karl Ehlerding and
family have committed to tender about 25 percent of their directly and
indirectly held Conwert shares

- Good strategic add-on for the Deutsche Wohnen portfolio and its focus
on metropolitan areas

- Conwert will gain excellent access to debt and equity capital markets
through Deutsche Wohnen

- Offer will have a minimum acceptance threshold of 50 percent + 1 share
of all outstanding shares

- Offer will also be extended to convertible bonds issued by Conwert

- Simultaneously, anticipatory mandatory offer for all outstanding shares
of ECO, a subsidiary of Conwert intended

Berlin, 15 February 2015. Today, based on resolutions by its Board of
Management and Supervisory Board, Deutsche Wohnen AG ("Deutsche Wohnen")
announced that it intends to make a voluntary public tender offer to
acquire all outstanding conwert Immobilien Invest SE's ("Conwert") shares
and convertible bonds.

Deutsche Wohnen, one of the leading listed real estate companies in Germany
and Europe, intends to make a cash offer of EUR11.50 per Conwert share for
all outstanding shares. 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). In addition to HFP, the investor Karl Ehlerding as