DEMIRE Deutsche Mittelstand Real Estate AG

M&A Activity • Mar 1, 2013

News Details

Ad-hoc | 1 March 2013 11:43

MAGNAT Real Estate AG: MAGNAT sells Romanian property at a profit of approx. EUR 0.9 million

MAGNAT Real Estate AG / Key word(s): Real Estate/Disposal

01.03.2013 11:43

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Frankfurt am Main, March 1, 2013 - MAGNAT Real Estate AG ('MAGNAT', ISIN
DE000A0XFSF0) has signed a contract for the sale of the project in
Mogosoaia in Romania under a share deal. This transaction will result in a
positive impact on MAGNAT Group's earnings in accordance with IFRS. The
impact will be approximately EUR 0.9 million and will already become
effective in the Group's fourth quarter results of fiscal year 2012/2013
(January 1, 2013 to March 31, 2013). At the same time, this transaction
will lead to an approximate two million euro reduction in MAGNAT's
liabilities.

Through this sale, MAGNAT has succeeded in disposing one of its investments
at a favourable price and further reducing its debt, even in still very
challenging markets. Currently, MAGNAT is working intensively on further
disposals.

01.03.2013 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: MAGNAT Real Estate AG
Lyoner Straße 32
60528 Frankfurt am Main
Germany
Phone: +49 (0)69 / 719 189 79 0
Fax: +49 (0)69 / 719 189 79 11
E-mail: info@magnat.ag
Internet: www.magnat.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart

End of Announcement DGAP News-Service

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