Analysts' Recommendations

Financial analysts' estimates of the current business development of PATRIZIA:

Analysts' assessments detailed version (PATRIZIA survey)
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Overview analyst coverage (since May 2010)

Disclaimer:
The estimates reproduced here are not based on research carried out by PATRIZIA Immobilien AG, but on research, reports, recommendations or assessments by third parties, in particular by analysts. Reference to such recommendations and assessments serves only for reader information and is non-binding. It does not imply that PATRIZIA Immobilien AG subscribes to these recommendations, opinions or conclusions in any form whatsoever, or that PATRIZIA Immobilien AG supports or confirms them. PATRIZIA Immobilien AG accepts no liability for the selection, current relevance, completeness or correctness of the analysts’ recommendations and assessments reproduced here. None of the information on this Internet site is to be understood as an offer for purchase of PATRIZIA shares, or to be advertising same. Any liability on the part of PATRIZIA Immobilien AG for losses or damages incurred by third parties arising from the information contained on this Internet site is precluded. 

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Verena Schopp de Alvarenga
Phone: +49 / 8 21 / 5 09 10-3 51
Email: investor.relations[at]patrizia.ag