conwert Immobilien Invest SE 522 0 Kommentare Release according to art. 93, para. 2 Stock Exchange Act - Seite 2

4. The merger control approvals have been granted on 7 September 2016. Thus, on 8 September 2016 the first tranche and within 20 calendar days the total of the Option Shares were to be delivered.

5. Due to the delay in delivery, Petrus and MountainPeak amended the settlement dates and tranches such that 2,500,000 shares were to be delivered by Petrus to MountainPeak on each of (i) 26 September 2016 and (ii) 28 September 2016 (thus in total 5,000,000 shares in conwert). Petrus delivered the first tranche comprising 2,500,000 shares in conwert to MountianPeak - with one day delay - on 27 September 2016.

6. Due to the acquisition of 2,500,000 shares in conwert, the stake of conwert shares held by MountainPeak increased from 21,160,921 to 23,660,921. Based on the total number of shares as published on 27 September 2016 (94,593,612), 2,500,000 shares correspond to a stake of 2.64%. Due to this acquisition the stake was increased from 22.37% to 25.01%. Thus, MountainPeak directly and ADLER indirectly exceeded the 25% threshold on 27 September 2016.

7. By way of a capital market release dated 26 September 2016, conwert announced that the total number of shares will increase to 101,906,213 shares as of 28 September 2016. Pursuant to sec. 93 Stock Exchange Act the number of shares as published by the issuer is relevant. Although the capital market release dated 26 September 2016 is not labelled as announcement pursuant to sec. 93 Stock Exchange Act and does not substitute the notification on the last day of the month, the following calculation is based on a total of 101,906,213 shares.

8. Based on the current total of 101,906,213 shares, the stake in conwert held directly by MountainPeak and indirectly by ADLER corresponds to 23.22%. Thus, the 25% threshold was passively passed.

9. At the time of submission of this announcement, it is yet unclear, whether Petrus will deliver the second tranche of 2,500,000 shares in conwert in full or whether the delivery will (again) be delayed. Based on a total of 101,906,213 shares, 2,500,000 shares correspond to a stake of 2.45%. Due to the acquisition of further 2,500,000 shares, the stake would increase from 23.22% to 25.67%. Consequently, MountainPeak would directly and ADLER would indirectly exceed the 25% threshold. MountainPeak and ADLER will publish the respective announcement(s) upon acquisition of further Option Shares.

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