DGAP-Adhoc

IMMOFINANZ AG launches an incentivized conversion invitation to holders of its EUR 515.1 million convertible bonds due 2018 and an offering to institutional investors of convertible bonds due 2024 for EUR 200 million

DGAP-Ad-hoc: IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous
IMMOFINANZ AG launches an incentivized conversion invitation to holders of
its EUR 515.1 million convertible bonds due 2018 and an offering to
institutional investors of convertible bonds due 2024 for EUR 200 million

12-Jan-2017 / 18:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad-hoc announcement
Vienna, 12 January 2017


NOT FOR RELEASE, PUBLICATION, DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE USA, AUSTRALIA, CANADA OR JAPAN

IMMOFINANZ AG launches an incentivized conversion invitation to holders of
its EUR 515.1 million convertible bonds due 2018 and an offering to
institutional investors of convertible bonds due 2024 for EUR 200 million


IMMOFINANZ AG (the "Company" or "IMMOFINANZ") announces the launch of an
invitation (the "Conversion Offer") to the holders (the "Bondholders") of
its EUR 515.1 million 4.25% senior unsecured convertible bonds due 2018,
ISIN XS0592528870 (the "Outstanding Bonds") to convert such Outstanding
Bonds into ordinary shares of IMMOFINANZ (the "Shares") and into ordinary
shares of BUWOG AG ("BUWOG", these shares "BUWOG Shares"), or a respective
cash settlement for BUWOG Shares (the "Conversion Offer"), on the terms and
subject to the conditions set forth in the incentive offer memorandum dated
12 January 2017 as prepared by the Company (the "Incentive Offer
Document"). This Conversion Offer is not addressed to retail
investors.IMMOFINANZ intends to accept offers for up to 45% of the nominal
amount of Outstanding Bonds and reserves the right to increases this
acceptance quota further. If Outstanding Bonds for more than the prevailing
acceptance quota are offered for conversion, IMMOFINANZ intends to accept
each offer proportionally.

The Conversion Offer is intended to allow IMMOFINANZ to further optimize
and simplify its capital structure, improve long term financing costs and
to reduce the overall amount of debt.

The Conversion Offer begins on 12 January 2017, 07.00 pm CET and expires on
19 January 2017 at 07.00 pm CET (the "Expiry Date"), unless amended.

Upon acceptance of the Conversion Offer, Bondholders will receive (to the
respective extent Outstanding Bonds were accepted for conversion):
(i) the number of Shares and BUWOG Shares to which they are entitled
pursuant to the Terms and Conditions of the Outstanding Bonds (in lieu of