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BUWOG AG announces up to c. 12.47m Share At-Market Rights Issue



Not for distribution into the USA, Japan, Australia & Canada.



This communication is being distributed solely to investment professionals outside the United States in reliance on Regulation S under the US Securities Act of 1933, as amended (the “Securities Act”) and in the United States to Qualified Institutional Buyers, as defined in Rule 144A under the Securities Act. If you are not an investment professional, any investment or investment activity to which this communication relates is not available to you, and will not be engaged in with you, and you may not rely on this communication. This material is for your information only, is not intended to be used by anyone other than you and may not be forwarded to any other person. This information is subject to change.



Issuer: BUWOG AG (“BUWOG”)

Joint Global Coordinators

& Joint Bookrunners: Goldman Sachs International and Deutsche Bank

Joint Bookrunners: Erste Bank, Société Générale, Kempen and Berenberg

Transaction Overview: At-market rights issue and concurrent bookbuilding

Newly issued ordinary shares (“New Shares”) from a capital increase against a contribution in cash with subscription rights for the shareholders of BUWOG

No trading of subscription rights

Offer Size: Up to 12,471,685 new shares / c. 12.5% of pre-deal share capital

Corresponds to up to c. €326m, based on the closing price as of 12 May 2017

Offer Price: Subscription price equal to bookbuilding price

Maximum subscription and bookbuilding price of €30.00

Subscription Ratio: Existing shareholders will be able to subscribe to 1 new share for 8 existing ordinary shares held

Dividend Entitlement: New shares rank pari-passu with existing shares, i.e. entitled to receive dividend for fiscal year 2016/17 ended 30 April 2017

Use of Proceeds: To finance further growth, particularly through acquisitions of land plots in Berlin, Hamburg and Vienna for both, the company’s development-to-hold as well as its development-to-sell strategies as well as for acquisitions and general business purposes

Distribution: The New Shares and subscription rights for the New Shares will be offered to the public solely in Germany, Austria and Poland

In respect of exercise of rights, private placements to qualified institutional investors outside the US pursuant to Reg S; to QIBs in the US under Section 4(a)(2) and to accredited investors / permitted clients in Canada in the provinces of Alberta, British Columbia, Ontario and Quebec only

In respect of any rump placement, shares in the rump may be offered outside the US pursuant to Reg S and to QIBs in the US pursuant to Rule 144A

Listing: Vienna Stock Exchange / Frankfurt Stock Exchange / Warsaw Stock Exchange

Ticker: BWO AV / BWO GY / BWO PW (Bloomberg)

ISIN: AT00BUWOG001



EXPECTED TIMETABLE

15th May 2017: Announcement of rights issue, prospectus approval

16th May 2017: Ex-Rights Date, start of roadshow

17th May 2017: Record Date

18th May 2017: Start of subscription period, books open (International Placement)

31st May 2017: End of roadshow

1st June 2017: End of subscription period, books close (International Placement)

2nd June 2017: Expected announcement of results (pre-market open), communication of allocations in the bookbuild

7th June 2017: Settlement and closing, New Shares start trading on Vienna and Frankfurt Stock Exchanges

8th June: 2017: New shares start trading on Warsaw Stock Exchange

  

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