DGAP-Adhoc

Scout24 AG: Scout24 Sets IPO Price at EUR 30 per Share

Scout24 AG / Key word(s): IPO/Capital Increase

01.10.2015 00:04

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Ad-hoc Announcement
Scout24 Sets IPO Price at EUR 30 per Share

Berlin/Munich, 30 September 2015 - Scout24 AG ("Scout24" or the "Company"),
in cooperation with its current shareholders, has set the final offer price
for Scout24 shares at EUR 30 per share.

A total of 38,640,000 shares were placed in the context of the offering.
Thereof, 7,600,000 shares result from a capital increase, corresponding to
EUR 228 million gross proceeds for Scout24. In addition, a total of
26,000,000 secondary shares (including an upsize of 5,000,000 shares in
order to satisfy strong investor demand) were placed from Asa HoldCo GmbH
("Asa HoldCo", which is ultimately owned by funds advised by affiliates of
Hellman & Friedman LLC and The Blackstone Group L.P.), Deutsche Telekom AG
("DTAG") and other current shareholders. The members of the management and
the supervisory board of Scout24 as well as further invested employees sold
only a minority position of their indirect shareholdings and thus continue
to hold 3.5 % of the company's share capital on a look-through basis upon
completion of the IPO. In addition, to cover an over-allotment of 5,040,000
shares, such shares were provided from the holdings of Asa HoldCo and DTAG
by way of a share loan to the underwriting banks. The underwriters have an
option to buy up to a corresponding number of shares from Asa HoldCo and
DTAG, instead of returning the borrowed shares (greenshoe option).
Following the placement, the shareholder structure is as follows:

Shareho-  Without exercise of greenshoe Assuming full exercise of greenshoe
lder      option                        option

                                        Shares      in %  Shares      in %

Asa HoldCo GmbH                         52,692,640  49.0  49,164,640  45.7
Deutsche Telekom AG                     14,553,544  13.5  13,041,544  12.1
MEP Ord GmbH & Co. KG                   5,715,331   5.3   5,715,331   5.3
MEP Pref GmbH & Co. KG                  80,919      0.1   80,919      0.1
German BMEP Ord GmbH & Co. KG           657,037     0.6   657,037     0.6
German BMEP Pref GmbH & Co. KG          15,415      0.0   15,415      0.0
Scout Lux Management Equity Co S.à r.l. 285,114     0.3   285,114     0.3
Free float                              33,600,000  31.2  38,640,000  35.9