Accentro Real Estate AG

Capital/Financing Update • Mar 6, 2014

News Details

Ad-hoc | 6 March 2014 11:21

ESTAVIS AG: ESTAVIS AG Issues Five-Year Convertible Debenture for up to EUR 15 Million

ESTAVIS AG / Key word(s): Bond

06.03.2014 11:21

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

---

Berlin, 05 March 2014 - With the approval by the Supervisory Board of the
ESTAVIS AG, the Management Board of ESTAVIS AG decided today to issue up to
6,000,000 no-par-value bearer shares in a convertible bond with a total
nominal amount of up to EUR 15 million. The maturity will be five years.

The interest coupon equals 6.25 % p.a., with the interest to be disbursed
retroactively on a quarterly basis, specifically on 27 March, 27 June, 27
September and 27 December of each year, the first pay-out date being 27
June 2014. The issue price for each debenture bond equals EUR 2.50, which
equals the nominal amount and the initial conversion price.

The subscription period is to start on 10 March 2014 and to end on 24 March
2014. The convertible bond shares are expected to start trading on the
Regulated Unofficial Market of Deutsche Börse AG (the regulated unofficial
market of the Frankfurt Stock Exchange) by 27 March 2014.

The Management Board intends to use the proceeds from the issuance to
expand both its management portfolio and its privatisation portfolio.

DISCLAIMER

This document does not constitute an offer to sell or the solicitation of
an offer to buy or subscribe for any securities. The debenture bonds will
be offered in Germany on the basis of a private placement, and otherwise on
the basis of a subscription offer addressed exclusively to shareholders of
ESTAVIS AG who already hold ESTAVIS shares prior to the subscription
period.

06.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Germany
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: info@estavis.de
Internet: http://www.estavis.de
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

---