LEG Immobilien SE

Investor Presentation • Aug 7, 2020

LEG Immobilien AG H1-2020 Results

7 August 2020

1 I August 2020

Disclaimer

While the company has taken all reasonable care to ensure that the facts stated in this presentation are accurate and that the opinions contained in it are fair and reasonable, this presentation is selective in nature and is intended to provide an introduction to, and an overview of the Company's business. Any opinions expressed in this presentation are subject to change without notice and neither the Company nor any other person is under any obligation to update or keep current the information contained in this presentation. Where this presentation quotes any information or statistics from any external sources, you should not interpret that the Company has adopted or endorsed such information or statistics as being accurate.

This presentation may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realised from the proposals described herein. Forward-looking statements may include, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation, and supply and demand. The Company has based these forward-looking statements on its views and assumptions with respect to future events and financial performance. Actual financial performance could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. The information contained in this presentation is subject to change without notice and the Company does not undertake any duty to update the information and forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations.

This presentation does not constitute an offer or invitation to purchase or sell any shares in the Company and neither this presentation or anything in it shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.

HIGHLIGHTS H1-2020 I.

• PORTFOLIO AND OPERATING PERFORMANCE II.
• FINANCIAL PERFORMANCE III.
• OUTLOOK IV.
• APPENDIX V.

Highlights H1-2020 Strong performance in a challenging economic environment Targeting upper half of guidance after acquisitions

• FFO I +13.8% to €194.6m
• EBITDA-Margin 76.4%
• LTV 34.4%/pro forma LTV ~40%¹
• 8.0y for 1.35%

• NAV ps €117.23/ pro forma NAV ps €113.63²

• Net cold rent +5.3%

• L-f-l rental growth +2.6%
• L-f-l vacancy 3.3% (-30bps)

• 7,500 units acquired along our criteria

• Green electricity offering for 98% of our apartments

• 223 new rental contracts with system critical workers³
• Dividend proposal of €3.60 confirmed
• New management team complete

Strong performance in H1-2020

FY 2020 FFO I pointing to upper half of €370m – €380m guidance range

Minimal Corona effect YTD

Broadened regional footprint – 8% of units now outside NRW

Strong financial profile maintained – in line with strategy

• 1 LTV of ~40% taking the ~7,500 units acquisition as well as a full cash dividend payment into account.
• 2 Adjusted for upcoming €3.60 dividend payment, assuming full cash dividend.
• 3 E.g. nurses, fire fighters etc..

Highlights H1-2020 We act along our strategy

G r o w i n g the p l a t f o r m

• LEG to focus on German residential
• LEG as best owner for affordable living assets
• Disciplined execution along our growth strategy:
• NRW acquisitions to add to scale immediately
• Growth outside NRW in adjacent states:
  • Entry via orange and green markets
  • At least 1,000 units per location to put own staff on the ground

Source: Company presentation.

Highlights H1-2020 Portfolio acquisitions in June 2020 In line with our acquisition criteria and offering up-side potential

Residential Portfolio	Total price	GAV/ sqm	Region	# of units	In-place rent/sqm	Vacancy rate	LEG market cluster1	Net cold rent p.a	Multiple	FFO p.a.	Transfer
Portfolio	1		Rhine Neckar	1,964	€6.11	1.7%	High growth/Stable
			Brunswick	1,533	€5.83	3.6%	High growth
			Koblenz region	1,504	€5.53	1.3%	Stable
			Hanover/ Laatzen	1,215	€5.94	2.2%	High growth
			Cologne	164	€8.90	10.8%	High growth
								€30.2m			1 Nov4
Portfolio	2		Flensburg	1,075	€5.79	3.0%	Stable
								€4.9m			1 Aug
Total 1+2	€767m	€1,540		7,455	~€5.92	~2.6%	High growth/Stable (55%/45%)	€35.1m	21.9x	€21m
vs. LEG on l-f-l basis2		€1,664			~€6.20	~2.5%			22.5x

Key value drivers

• Modernisation
• Rent increases
• ~1/3 of portfolio subsidised and coming off restriction over time³ 1

1 LEG clusters its markets into high growth, stable and higher yielding markets.

2 Based on LEG KPI's as of 30 June 2020 and assuming same portfolio split of 55% high growth and 45% stable markets.

3 See also slide 34 for more information on the subsidised units.

4 Expected.

Highlights H1-2020 Portfolio acquisitions in June 2020 Growing our footprint outside NRW…

Highlights H1-2020 … and significantly increasing our addressable market

Inhabitants: 19.5m No. of households: 9.4m

LEG 30 June 2019 LEG 30 June 2020 + June 2020 acquisitions

24.5m (+26%) 12.2m (+30%) LEG 30 June 2020 + June 2020 acquisitions + neighbouring districts

35m (+78%) 17m (+82%)

Source: Bing maps, TomTom, here, company data.

Highlights H1-2020 Portfolio transactions based on date of transfer of ownership1,2

1 Residential units.

2 Note: The date of the transaction announcement and the transfer of ownership are usually several months apart. The number of units may therefore differ from other disclosures, depending on the data basis.

3 Pro-forma number of residential units including ~7,500 units acquired in June 2020, transfer of ownership expected in Q3 and Q4 2020. Subject to change should additional acquisitions and/or disposals occur.

4 BW = Baden-Wurttemberg, HB = Bremen, LS = Lower Saxony, NRW = North Rhine-Westphalia, RP = Rhineland-Palatinate, SH = Schleswig-Holstein.

Highlights H1-2020 Covid-19 update: Catalyst for new ways to do business amidst limited business impact

• craftsmen capacities €250m debt at very attractive costs
• Focus on turn cost measures to realize additional value potential

1 See also slide 13.

HIGHLIGHTS H1-2020 I.

PORTFOLIO AND OPERATING PERFORMANCE II.

• FINANCIAL PERFORMANCE III.
• OUTLOOK IV.
• APPENDIX V.

Portfolio and Operating Performance Positive rent development across all market clusters

Markets	Total Portfolio		High-Growth			Stable	Higher-Yielding
	H1-2020	 (YOY)	H1-2020	 (YOY)	H1-2020	 (YOY)	H1-2020	 (YOY)
# of units1	137,525	+2.9%	41,936	+5.8%	53,278	+4.4%	42,191	-1.9%
GAV Residential Assets (€m)	12,513	+16.3%	5,579	+13.4%	4,262	+23.4%	2,661	+20.1%
In-place rent (sqm), l-f-l	€5.90	+2.6%	€6.70	+2.8%	€5.58	+3.0%	€5.42	+1.9%
EPRA-Vacancy, l-f-l	3.3%	-30 bps	1.8%	0 bps	3.3%	-20 bps	5.2%	-70 bps

1 Incl. 120 units intended for disposal.

12 I August 2020

Portfolio and Operating Performance – Rent Development +2.6% l-f-l rental growth in H1

Aiming for ~2.3% l-f-l rental growth for 2020

L-f-l rent development

(€/sqm/month)

• Performance of free financed units demonstrates strong underlying fundamentals
• Some negative effects from Corona due to Mietspiegel rent increase suspension and postponed modernisation projects
• Rent restricted units: +1.6% year-on-year (like-for-like) due to cost rent adjustment in January 2020
• High exposure to structural growth markets and respective commuter belts supports strong performance

Portfolio and Operating Performance – Capex & Maintenance Ongoing focus on growth and energy efficiency

• Investments increased c.36% year-over-year due to strong increase in line with value enhancing capex

• H1 increase mainly driven by energy efficient modernisation as well as value-enhancing turn-cost spending

• HIGHLIGHTS H1-2020 I.

• PORTFOLIO AND OPERATING PERFORMANCE II.

FINANCIAL PERFORMANCE III.

• OUTLOOK IV.
• APPENDIX V.

Financial Performance FFO bridge H1-2020 Increase of +€23.6m (+13.8%)

Financial Performance EPRA Net Asset Value of €117.23 per share/ Pro forma of €113.63²

Adj. EPRA NAV ps (in €)

• Benefitting from €593m revaluation gains
• Strong H1 profit contribution
• Minor effects from OCI and the capital increase
• Adjusted for the €3.60 dividend (to be paid in Q3), the pro forma NAV ps stands at €113.63, i.e. 8% above yearend 2019 level

1 Assuming full cash payout.

2 Pro forma EPRA NAV per share excluding dividend.

Financial Performance – Portfolio Valuation H1-2020 Valuation uplift driven by letting performance and yield compression

Breakdown revaluation gains €m

• Yield compression (especially stable markets) and broad-based strong letting performance drive portfolio values

• Adjustment of discount rate from 4.8% in 2019 to 4.7% in H1 2020 (cap rate from 6.05% to 5.9%)

• 2 North Rhine-Westphalia.

• 3 Lower Saxony: 4.1%.

¹ Change in Gross Asset Value, l-f-l.

Financial Performance – Portfolio (as of 30 June 2020) Portfolio valuation: With €1,427/sqm @4.8% gross yield still at attractive levels in absolute and relative terms

Market segment	Residential Units	GAV Residential Assets (€m)	GAV/ sqm (€)	Gross yield	In-Place Rent Multiple	Market Multiples1	GAV Commercial/ Other (€m)	Total GAV (€m)
High Growth Markets	41,936	5,579	1,992	4.0%	25.2x	21.4x	268	5,846
Stable Markets	53,278	4,262	1,264	5.2%	19.2x	17.1x	139	4,401
Higher-Yielding Markets	42,191	2,661	1,028	6.1%	16.5x	15.0x	86	2,746
Total Portfolio2	137,525	12,513	1,427	4.8%	20.7x	18.2x	493	13,006

1 Estimated rental values as of 30 June 2020.

2 Incl. 120 units intended for disposal.

Financial Performance Strong financial profile maintained with successful financings

Maturity profile

H1 highlights

• RCFs increased to €400m
• Successful growth financing via convertible bond (€550m) and capital increase (€273m)
• Increased maturity and reduced interest costs
• No significant maturities until 2023

Average debt maturity (years)

Average interest costs

Loan-to-value

H1-2020	~40%1 34.4%/
H1-2019	40.0%

1 Pro forma LTV taking the ~7,500 units acquisition as well as a full cash dividend payment into account.

• HIGHLIGHTS H1-2020 I.
• PORTFOLIO AND OPERATING PERFORMANCE II.
• FINANCIAL PERFORMANCE III.
• OUTLOOK IV.
• APPENDIX V.

Outlook FFO I Guidance 2020 narrowed to upper half of range

Operations

• FFO I upper half of €370m – 380m
• EBITDA-Margin ~74%
• LTV 40 43%

• Dividend 70% of FFO I

• L-f-l rental growth ~2.3%¹ (<2.8%)

• L-f-l vacancy slightly decreasing¹(unch.)
• Investments ~38 40€/sqm¹(~31-33€/sqm)

• Total acquisitions >7,000 units (~7,000 units)

• Energy efficient modernisation of c.3% of the portfolio p.a.

• Development of TCFD reporting
• New compensation structure for board members reflecting also ESG criteria in STI-plan and LTI-plan²

1 Subject to possible future effects of the Covid-19 pandemic.

² Proposal to AGM for new payment structure to be put in place from January 2021 onwards.

• HIGHLIGHTS H1-2020 I.
• PORTFOLIO AND OPERATING PERFORMANCE II.
• FINANCIAL PERFORMANCE III.
• OUTLOOK IV.
• APPENDIX V.

Appendix - Highlights H1-2020 Management Team complete since July 2020

Lars von Lackum	Susanne Schröter-Crossan	Dr. Volker Wiegel
CEO	CFO	COO
Strategy, M&A, Organisation and Digitisation Legal and Human Resources Management & Supervisory Board Office Legal, Compliance and Internal Audit Human Resources Corporate Communications Acquisition New construction IT	Investor Relations Finance & Controlling Risk Management Portfolio Management Accounting & Taxes	Asset and Property-Management Commercial Management Neighbourhood Management Property Management Modernisation Central Procurement Receivables Management Rent Management Operating Expenses Management TechnikServicePlus GmbH EnergieServicePlus GmbH
With	With	With
LEG since	LEG since	LEG since
2019	2020	2013

Appendix – H1-2020 Key figures

Operating results		H1-2020	H1-2019	%/bp
Net cold rent	€m	308.0	292.5	5.3
Net rental and lease income	€m	239.5	225.9	6.0
EBITDA adjusted	€m	235.2	217.8	8.0
FFO I	€m	194.6	171.0	13.8
FFO I per share	€	2.82	2.71	4.1
FFO II	€m	193.4	169.4	14.2
EBITDA margin (adj.)	%	76.4	74.5	190 bp
FFO I margin	%	63.2	58.5	470 bp
Portfolio		30.06.2020	30.06.2019	+/- %/bp
Residential units	number	137,525	133,694	2.9
In-place rent (l-f-l)	€/sqm	5.90	5.75	2.6
Capex	€m	122.4	78.3	56.3
Maintenance	€m	37.1	38.7	-4.1
EPRA vacancy rate (l-f-l)	%	3.3	3.6	-30 bp
Balance sheet		30.06.2020	31.12.2019	+/- %/bp
Investment properties	€m	13,042.9	12,031.1	8.4
Cash and cash equivalents	€m	1,177.6	451.2	161.0
Equity	€m	6,812.6	5,933.9	14.8
Total financing liabilities	€m	5,724.3	5,053.8	13.3
Current financing liabilities	€m	420.5	474.9	-11.5
Net debt	€m	4,518.1	4,570.8	-1.2
LTV	%	34.4	37.7	-330 bp
LTV adjusted1	%	~40%
Equity ratio	%	46.4	45.9	+50 bp
Adj. EPRA NAV, diluted	€m	8,367.9	7,273.0	15.1
Adj. EPRA NAV per share, diluted	€	117.23	105.39	11.2
Pro forma EPRA NAV per share, diluted, dividend adjusted2	€	113.63	105.39	7.8

1 Taking the ~7,500 units acquisition as well as a full cash dividend payment into account.

Appendix – H1-2020 EPRA-Net Asset Value

Gross yield of 4.8% (thereof free financed portfolio: 5.0%) and value per sqm (€1,427) still reflect decent gap to recent portfolio transactions

Goodwill resulting from synergies 83.4 83.4 Adjusted EPRA-NAV (excl. goodwill) 8,367.9 7,273.0 Adjusted EPRA-NAV per share in € 117.23 105.39 Q3 2020 dividend payment² 3.60 - Pro forma EPRA-NAV per share in €, dividend adjusted 113.63 105.39

€m 30.06.2020 31.12.2019 Equity (excl. minority interests) 6,788.2 5,909.9 Effect of exercising options, convertibles and other rights 26.1 26.1

Value of services business not included in NAV

Scenario: additional value approx. €5.30 - €8.00 per share (FY 2019; discount rate of 4.0% - 6.0%)

1 And goodwill resulting from deferred taxes on EPRA-adjustments.

2 Taking a full cash dividend payment into account.

NAV	6,814.3	5,936.0	to Q3-2020
Fair value measurement of derivative financial instruments	101.9	84.0
Deferred taxes1	1,535.1	1,336.4
EPRA-NAV	8,451.3	7,356.4
Number of shares fully-diluted incl. convertible (m)	71,380	69.010
EPRA-NAV per share in €	118.40	106.60

• €592.7m revaluation
• €269.6m capital increase
• Dividend payment postponed

Appendix – H1-2020 FFO calculation

€m	H1-2020	H1-2019
Net cold rent	308.0	292.5	 +€15.5m YOY/+5.3%
Profit from operating expenses	-1.6	-1.8
Maintenance (externally-procured services)	-24.0	-25.4
Staff costs	-36.3	-32.1	 Growth in staff costs mainly due to additional FTE's
Allowances on rent receivables	-4.3	-4.3	(operations and for crafts services) and increased tariff
Other	2.7	1.3
Non-recurring project costs (rental and lease)	2.1	1.6
Recurring net rental and lease income	246.6	231.8	 Adj. NRI increased by +€13.6m YOY (+6.0%)
Recurring net income from other services	4.5	1.9
Staff costs	-11.1	-15.4	 Staff costs impacted by one
Non-staff operating costs	-11.2	-8.0	time payments in H1-2019
Non-recurring project costs (admin.)	6.4	7.2
Recurring administrative expenses	-15.9	-16.2	 Admin. cost slightly reduced
Other income and expenses	-0.0	0.3
Adjusted EBITDA	235.2	217.8	 EBITDA increased by +€17.4m YOY (+8.0%)
Cash interest expenses and income	-38.6	-39.0
Cash income taxes from rental and lease	-1.2	-6.1	 Stable interest costs
FFO I (including non-controlling interests)	195.4	172.7	(average costs in Q2-2020: 1.35% vs. 1.60% in Q2-2019)
Non-controlling interests	-0.8	-1.7	despite higher debt volume
FFO I (excluding non-controlling interests)	194.6	171.0
FFO II (including disposal of investment property)	193.4	169.4
Capex-adjusted FFO I (AFFO)	72.2	92.7

Appendix – H1-2020 Balance sheet

€m	30.06.2020	31.12.2019
Investment property	13,042.9	12,031.1
Other non-current assets	335.2	322.7
Non-current assets	13,378.1	12,353.8
Receivables and other assets	122.6	89.6
Cash and cash equivalents	1,177.6	451.2
Current assets	1,300.2	540.8
Assets held for sale	3.1	25.2
Total Assets	14,681.4	12,919.8
Equity	6,812.6	5,933.9
Non-current financing liabilities	5,623.3	4,856.8
Other non-current liabilities	1,825.0	1,654.2
Non-current liabilities	7,448.3	6,511.0
Current financing liabilities	101.0	197.1
Other current liabilities	319.5	277.8
Current liabilities	420.5	474.9
Total Equity and Liabilities	14,681.4	12,919.8

Revaluation €592.7m

• Acquisitions €302.0m
• Capex €122.2m
• Cash flow from operating activities €150.1m
• Investing activities -€370.7m
• Financing activities €947.0m
• Issue of convertible €544.0m
• Capital increase €269.6m
• Borrowing of bank loans €258.4m
• Repayment of loans -€166.6m

€m	30.06.2020	31.12.2019
Financial liabilities	5,724.3	5,053.8
Excluding lease liabilities (IFRS 16)	28.6	31.8
Cash & cash equivalents	1,177.6	451.2
Net Debt	4,518.1	4,570.8
Investment properties	13,042.9	12,031.1
Properties held for sale	3.1	25.2
Prepayments for investment properties	77.2	53.5
Property values	13,123.2	12,109.8
Loan to Value (LTV) in %	34.4	37.7
Pro forma LTV in %1	~40.0	37.7

• Strong balance sheet with LTV of 34.4%
• Including recent acquisitions and upcoming dividend payment LTV will be at around 40%

1 Taking the ~7,500 units acquisition as well as a full cash dividend payment into account.

Appendix – H1-2020 Income statement

€m	H1-2020	H1-2019
Net rental and lease income	239.5	225.9	 Higher rental income +€15.5m YOY/+5.3%
Net income from the disposal of investment property	-0.6	-0.4
Net income from the valuation of investment property	592.7	550.2
Net income from the disposal of real estate inventory	-1.8	-1.2
Net income from other services	3.0	0.6
Administrative and other expenses	-24.4	-25.3	 Recurring admin. costs slightly reduced
Other income	0.0	0.2
Operating earnings	808.4	750.0	 Net income from fair value
Net finance costs	-53.8	-117.5	measurement of derivatives -€9.9m (H1-2019: -€67.6m)  Slightly lower cash interests
Earnings before income taxes	754.6	632.5	(€38.6m; -€0.4m YOY) despite rising debt volume
Income tax expenses	-141.2	-163.4	 Cash taxes FFO I -€1.2m,
Consolidated net profit	613.4	469.1	cash taxes from disposals -€0.9m

Appendix – H1-2020 Cash effective interest expense

H1-2020	H1-2019
45.7	52.1
-6.1	-11.2
-0.1	-0.4
-0.6	-1.2
0.1	0.1
39.0	39.4
-0.4	-0.4
38.6	39.0

Previous year: early conversion of convertible bond, early repayment of subsidised loans and refinancing

Interest coverage improved further (6.1x up from 5.6x YOY)

Valuation uplift by markets (l-f-l), including commercial and other assets

	# of units	Valuation uplift H1-2020	Gross yield H1-2020
High-Growth Markets		4.7%	4.0%
Mettmann district	8,515	4.1%	4.2%
Münster	6,198	3.7%	3.5%
Düsseldorf	5,422	7.2%	3.8%
Stable markets		5.4%	5.2%
Dortmund	13,727	5.8%	4.5%
Mönchengladbach	6,442	5.7%	5.6%
Essen	3,372	4.9%	5.2%
Higher-yielding markets		4.9%	6.1%
Recklinghausen district	9,027	4.3%	5.9%
Duisburg	6,341	5.1%	5.8%
Märkischer Kreis district	4,608	5.6%	6.3%
Total portfolio		5.0%	4.8%

Appendix – Rent revisionary potential Refinancing of subsidised loans lifting value

Rent Potential Subsidised Units

• Until 2028, c. 26,000 units¹ will come off rent restriction
• Units show significant upside to market rents
• The economic upside can theoretically be realised the year after restrictions expire, subject to general legal and other restrictions⁵

Around 72% of units¹ to come off restriction until 2028

Number of Units¹ Coming off Restriction and Rent Upside

Units coming off restriction Most recently acquired units (06/2020) coming off restriction

Spread to Market Rent

(in €/sqm/month)

1 Pro forma number of units including ~7,500 units acquired in June 2020, transfer of ownership expected towards end of 2020.

2 Employed by CBRE as indicator of an average rent value that could theoretically be achieved, not implying that an adjustment of the in-place rent to the market rent is feasible, as stringent legal and contractual restrictions regarding rent increases exist.

3 ≤5 years = 2020-2024; 6-10 years = 2025-2029; >10 years = 2030ff.

4 Rent upside is defined as the difference between LEG in-place rent and market rent (defined in footnote 1).

5 For example rent increase cap of 15% or 20% for three years.

Appendix LEG additional creditor information

Unsecured financing covenants Financing mix

Covenant	Threshold	30.06.2020
Consolidated Adjusted EBITDA / Net Cash Interest	≥1.8x	5.7x
Unencumbered Assets / Unsecured Financial Indebtedness	≥125%	244%
Net Financial Indebtedness / Total Assets	≤60%	31%
Secured Financial Indebtedness / Total Assets	≤45%	21%

LTV 34.4% 40.0%

Ratings (Moody's)

Type	Rating	Outlook
Long Term Rating	Baa1	Stable
Short Term Rating	P-2	Stable

35 I August 2020

Appendix Capital market financing Corporate bonds

	2017/2024	2019/2027	2019/2034
Issue Size	€500m	€500m	€300m
Term / Maturity Date	7 years / 23 January 2024	8 years / 28 November 2027	15 years / 28 November 2034
Coupon	1.250 % p.a. (annual payment)	0.875 % p.a. (annual payment)	1.625 % p.a. (annual payment)
Issue Price	99.409 %	99.356 %	98.649 %
Financial Covenants	• Net financial debt/ total assets ≤ 60% • Secured financial debt/ total assets ≤ 45% • Unencumbered assets/ unsecured financial debt ≥ 125% • Adj. EBITDA/ net cash interest ≥ 1.8 x
ISIN	XS1554456613	DE000A254P51	DE000A254P69
WKN	A2E4W8	A254P5	A254P6

Appendix Capital market financing Convertible bonds

	2017/2025	2020/2028
Issue Size	€400m	€550m
Term/ Maturity Date	8 years/ 1 September 2025	8 years/ 30 June 2028
Coupon	0.875% p.a. (semi-annual payment: 1 March, 1 September)	0.4% p.a. (semi-annual payment: 15 January, 15 July)
# of shares	3,411,377	3,542,673
Initial Conversion Price	€118.4692	€155.2500
Adjusted Conversion Price	€117.2547 (as of 31 May 2019)	€155.2500
Issuer Call	From 22 September 2022, if LEG share price >130% of the then applicable conversion price	From 5 August 2025, if LEG share price >130% of the then applicable conversion price
ISIN	DE000A2GSDH2	DE000A289T23
WKN	A2GSDH	A289T2

Appendix LEG share information

Market segment: Prime Standard,

Stock Exchange: Frankfurt

• Total no. of shares: 71,379,836

• Ticker symbol: LEG

• ISIN: DE000LEG1110 Indices: MDAX, FTSE EPRA/NAREIT, GPR 250, Stoxx Europe 600, DAX ESG, i.a. MSCI Europe ex UK, MSCI World ex USA, MSCI World Custom ESG Climate Series Weighting: MDAX 3.10% (30.06.2020) EPRA 3.62% (30.06.2020)

Basic data Shareholder structure¹

Share price (31.07.2020, indexed; 31.01.2013 = 100)

Appendix Financial calendar 2020

March	Report/Event
th 9	Annual Report 2019
May
11th	Quarterly Statement Q1 as of 31 March 2020
August
th 7	Quarterly Report Q2 as of 30 June 2020
10th	Virtual Roadshow London, Deutsche Bank
13th	Virtual Roadshow Amsterdam/Benelux, Morgan Stanley
19th	Virtual Annual General Meeting
20th	Virtual European Real Estate Conference, HSBC
21st	Virtual Roadshow Switzerland, Commerzbank
25th	Virtual Roadshow USA, Bank of America
26th	Virtual Roadshow Paris, Kepler Cheuvreux

November

12th Quarterly Statement Q3 as of 30 September 2020

Contact Investor Relations

Frank Kopfinger, CFA

Head of Investor Relations & Strategy

Tel: +49 (0) 211 4568-550 E-Mail: frank.kopfinger@leg.ag

Elke Franzmeier

Assistant Investor Relations & Strategy

Tel: +49 (0) 211 4568-159 E-Mail: elke.franzmeier@leg.ag

Karin Widenmann

Senior Manager Investor Relations

Tel: +49 (0) 211 4568-458 E-Mail: karin.widenmann@leg.ag

Julia Pschribülla

Senior Manager Investor Relations

Tel: +49 (0) 211 4568-286 E-Mail: julia.pschribuella@leg.ag

LEG Immobilien AG ǀ Hans-Boeckler-Str. 38 ǀ 40476 Düsseldorf, Germany Phone: +49 (0) 211 4568-400 ǀ Fax: +49 (0) 211 4568-22 204 ǀ E-Mail: ir@leg.ag ǀ Internet: www.leg.ag