CR Capital AG

Transaction in Own Shares • Oct 12, 2009

News Details

Corporate | 12 October 2009 21:08

CR Capital announces share buyback program

CR Capital Real Estate AG / Share Buyback

12.10.2009

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Today, 12 October 2009, CR Capital Real Estate AG (ISIN: DE000A0WMQ53;
ticker symbol: CRZ) decided about a share buyback program. Excercising the
authorization given by the extraordinary General Meeting on 27 August 2008,
Management Board and Supervisory Board decided about a share buyback
program.

The authorization given by the extraordinary General Meeting is limited to
stock purchases of up to EUR 1,500,000 (10% of the capital stock of EUR
15,000,000). The authorization given by the extraordinary General Meeting
was not exercised up to now.

It is intended, to purchase up to 10% of the 15,000,000 outstanding shares,
that means up to 1,500,000 shares.

The share buyback starts on 13 October 2009 and is running up to 26
February 2009 (according to the time limit concluded by the General
Meeting).

CR Capital Real Estate AG disposes of a sound capital structure (equity
ratio of 90% as at 30 June 2009). The company is working on substantial
growth of the property portfolio via asset deals and share deals. Next
years results and cashflows will benefit from this.

Obtaining a further payment alternative for coming property transactions is
major target of the share buyback program. Payment of purchase price
partially in shares of CR Capital Real Estate AG is already interesting for
sellers, as negotiations show.

The share buy back programm will be carried out via the stock exchange. All
relevant company law rules are and will be considered, particularly the
provisions of the directive (EU) No. 2273/2003 by the European Commission.

The equivalent per share (without additional costs) paid by CR Capital Real
Estate AG is not allowed to exceed the opening price on three days running
before taking of the obligation of purchasing own shares more than 10% and
to go below more than 10%. The opening price will be determined by the
Xetra opening auction at Frankfurt stock exchange or the opening price at
the stock exchange with highest trading volume in companies shares during
the last 2 weeks before taking of the obligation of purchasing.

The share buyback will be processed by Close Brothers Seydler Bank AG.

Information to the share buy back program can be found on
http://www.capital-real-estate-ag.de.

This translation was done for service reasons. Legally binding is only the
German version.

Contact:
bonnIR
Hubert Bonn
Phone: +49 (0)6157 9861190
bonn@bonn-ir.com
http://www.bonn-ir.com

12.10.2009 financial News transmitted by DGAP

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