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PATRIZIA Immobilien AG makes voluntary public offer

On 15 April 2015, PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) submitted a voluntary public offer, using an appropriate acquisition vehicle, to the owners of each of a Norwegian and a Swedish company (Boligutleie Holding III AS and Hyresfastigheter III Gul AB) to acquire their shares in each of the companies.

Augsburg, 15 April 2015. In relation to the offer made to the shareholders of Boligutleie Holding III AS, PATRIZIA Immobilien AG will act together with a co-investor. Boligutleie Holding III AS and Hyresfastigheter III Gul AB hold all shares in the real estate fund Hyresbostäder i Sverige III Gul AB, which holds residential property portfolios.

The offer provides for a cash amount of NOK 9.00 as consideration for [1] tendered share in Boligutleie Holding III AS, and for a cash consideration of SEK 9.80 for [1] tendered share in Hyresfastigheter III Gul AB.
 
The voluntary public offer is subject to certain conditions, including that a minimum acceptance threshold of more than 50% (in the case of the offer to the shareholders of Hyresfastigheter III Gul AB) or more than 57.57% (in the case of the offer to the shareholders of Boligutleie Holding III AS) will be reached. In addition, the voluntary public offer is conditional upon the non-occurrence of any material adverse changes to the economic structures of the target group companies. In all other respects, the voluntary public offer will be made in accordance with the terms and conditions set out in each of the offer documents.

Important information:

This announcement is neither an offer to purchase nor a solicitation of an offer to purchase shares in Boligutleie Holding III AS or Hyresfastigheter III Gul AB. Moreover, this announcement is neither an offer nor a solicitation to purchase PATRIZIA Immobilien AG shares.

To the extent permissible under applicable law or regulation, PATRIZIA Immobilien AG and/or its acquisition vehicle or any brokers acting on their behalf may purchase or conclude agreements to purchase shares in Boligutleie Holding III AS or Hyresfastigheter III Gul AB, directly or indirectly, outside the voluntary public offer, before, during or after the expiry of the offer acceptance period. This also applies to any other securities which are directly convertible into, exchangeable for, or exercisable for shares in Boligutleie Holding III AS or Hyresfastigheter III Gul AB.

To the extent that this document contains forward-looking statements, such statements do not represent facts and are characterised by the words “will”, “expect”, “believe”, “estimate”, “intend”, “aim”, “assume” or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of PATRIZIA Immobilien AG and the persons acting together with PATRIZIA Immobilien AG. Such forward-looking statements are based on current plans, estimates and forecasts, which PATRIZIA Immobilien AG and the persons acting together with PATRIZIA Immobilien AG have made to the best of their knowledge, but which they do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by PATRIZIA Immobilien AG or the persons acting together with PATRIZIA Immobilien AG. It should be kept in mind that the actual events or consequences may materially differ from those contained in or expressed by such forward-looking statements. 

The Managing Board
Augsburg, 15 April 2015

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