Aroundtown S.A. — Earnings Release 2017

Jun 7, 2017

Aroundtown Property Holdings Plc. / Miscellaneous - Low Priority

07-Jun-2017 / 07:16 CET/CEST

Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement.

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AROUNDTOWNANNOUNCES FIRST QUARTER 2017 RESULTS: STRONGSTART TOTHE YEARAS ROBUST PORTFOLIOGROWTH MAINTAINEDAND OPERATIONAL RESULTS CONTINUE TOCLIMB

• Rental and operating income in the first three months of 2017 at EUR114 million, increased +128% YOY
• Adjusted EBITDAgrowth of +75% to EUR93 million from EUR53 million inQ1 2016
• Net profit amounted to EUR247 million from EUR230 million inQ1 2016
• EPS (basic) at EUR0.33 (Q1 2016: EUR0.27); diluted EPS at EUR0.26 (Q1 2016: EUR0.21)
• FFOI increased 82% to EUR59 million compared to EUR33 million inQ1 2016

• FFOI per share increased to EUR0.09, up 80% from EUR0.05 in first quarter of 2016

• EPRANAV including perpetual notes of EUR4.8 billion as of March 31, 2017, amounting to EUR6 per share, up 11% from YE 2016

- EPRANAV of EUR4.2 billion as of March 31, 2017, amounting to EUR5.2 per share, up 6% from YE 2016

- Investment property amounted at the end of March 2017 to EUR5.8 billion, an increase of +16% from EUR5 billion at year-end 2016

• Total assets grew by +16% from EUR8.1 billion at year-end 2016 to EUR9.4 billion

• Retaining conservative leverage with an LTV of 42% as of March 2017; down to 33% on a pro forma basis following the equity capital raise in May 2017 and conversion of in-the-money convertible bonds

• Strong financial profile resulting in high cover ratios with an Interest Coverage Ratio of 5.6x and Debt Service Coverage Ratio of 3.9x in first quarter 2017

• Equity ratio stable at 46%, increasing to 51% on a pro forma basis
• Cash and liquid assets at EUR868 million as of March 2017. This significant level of liquidity provides for ample financial headroom and fuels the acquisition pipeline as attractive opportunities are sourced.
• - External portfolio growth supplemented by strong organic growth with like-for-like occupancy increase of +2.2% and likefor-like in-place rent increase of +3.9%

7 June 2017.

Aroundtown continues to achieve progress on multiple fronts

AT started 2017 strong with substantial year-over-year development and with important strategic initiatives in the pipeline. On June 2, 2017, the Company's shares were uplisted to the Prime Standard segment of the Frankfurt Stock Exchange.Additionally,AT is in process of re-domiciling the corporate seat to Luxembourg and continuing as a Luxembourg corporation, expected to be completed in the coming months. These transitions reflect the growth of the Company as a whole and are expected to further increase market visibility, the liquidity and tradability ofAT's shares, and facilitate the expansion of the investor base through a larger investor pool.Additionally, these milestones will provide opportunities for inclusion in major European stock indices, such as the DAX family and EPRA indices, and follows last month's uplisting to the Prime Standard ofAroundtown's strategic investment, Grand City Properties SA.

Asolid and diversified capital structure serving as a base towards continued growth

The strong growth experienced byAT in recent years is supported by a strong and well balanced capital structure and backed by conservative financial policies, with a current LTV of 33% on a pro forma basis. Having already established access to various European equity and debt markets,AT has now also successfully accessed Asian capital markets with the issuance of USD 450 million straight bonds, as the Company's visibility among global investors continues to grow. To solidify the existing equity base,AT issued equity capital totaling EUR426 million in May 2017 and successfully converted the EUR450m convertible bond Series B into additional fresh equity. This resulted in a pro forma LTV of 33%.

The Q1 2017 financial report is available on the Company's website: http://www.aroundtownholdings.com/downloads.html

About the Company

Aroundtown Property Holdings Plc (trading symbol:AT1 on Frankfurt Stock Exchange/Xetra) is a specialist real estate company focused on value-add income generating properties primarily in the German real estate markets.Aroundtown Property Holdings Plc (ISIN: CY0105562116) is a public limited liability company incorporated in 2004 under the laws of Cyprus, having its registered office atArtemidos & Nikou Dimitriou, 54 B, 6027, Larnaca, Cyprus (registered number HE148223).

Contact:

Timothy Wright T: +357-2420-1312 E: info@aroundtownholdings.com www.aroundtownholdings.com

Disclaimer:

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELLOR THE SOLICITATION OF AN OFFER TO BUYANY SECURITIES. THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN,AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933,AS AMENDED (THE 'SECURITIES ACT'),AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION ORAN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES. THIS ANNOUNCEMENT IS DIRECTED ATAND IS ONLYBEING DISTRIBUTED IN THE UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHINARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE 'ORDER'), (II) HIGH NET WORTH ENTITIES,AND OTHER PERSONS TO WHOM IT MAYOTHERWISE LAWFULLYBE COMMUNICATED FALLING WITHINARTICLE 49 OF THE ORDER,AND (III) PERSONS TO WHOM IT MAYOTHERWISE LAWFULLYBE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TOAS 'RELEVANT PERSONS'). THIS COMMUNICATION MUST NOT BE READ,ACTED ON OR RELIED ON BYPERSONS WHOARE NOT RELEVANT PERSONS.ANYINVESTMENT OR INVESTMENTACTIVITYTO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLYTO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLYWITH RELEVANT PERSONS. IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA ('EEA'), THIS ANNOUNCEMENTAND ANYOFFER IF MADE SUBSEQUENTLYIS DIRECTED ONLYAT PERSONS WHOARE 'QUALIFIED INVESTORS' WITHIN THE MEANING OF ARTICLE 2(1)(E) OF DIRECTIVE 2003/71/EC,AS AMENDED (THE 'PROSPECTUS DIRECTIVE') ('QUALIFIED INVESTORS').ANYPERSON IN THE EEA WHOACQUIRES THE SECURITIES IN ANYOFFER (AN 'INVESTOR') OR TO WHOM ANYOFFER OF THE SECURITIES IS MADE WILL BE DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR.ANYINVESTOR WILLALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THATANYSECURITIES ACQUIRED BYIT IN THE OFFER HAVE NOT BEENACQUIRED ON BEHALF OF PERSONS IN THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES BEEN ACQUIRED WITHA VIEW TO THEIR OFFER OR RESALE IN THE EEA TO PERSONS WHERE THIS WOULD RESULT INA REQUIREMENT FOR PUBLICATION BYTHE COMPANYORANYOF THE JOINT BOOKRUNNERS OF A PROSPECTUS PURSUANT TOARTICLE 3 OF THE PROSPECTUS DIRECTIVE. THIS ANNOUNCEMENT MAYCONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE FINANCIAL RESULTS, ORASSUMPTIONS UNDERLYING OR RELATING TOANYSUCH STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO RISKS AND UNCERTAINTIES, MANY OF WHICHARE BEYOND THE CONTROLOF AROUNDTOWN PROPERTYHOLDINGS PLC.ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ONA NUMBER OF FACTORS.

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Language: English
	Company: Aroundtown Property Holdings Plc.
	Artemidos & Nikou Dimitriou, 54 B
	6027 Larnaca
	Cyprus
Phone:	+357 2420 1312
E-mail:	info@aroundtownholdings.com
Internet:	www.aroundtownholdings.com
ISIN:	CY0105562116, XS1508392625, XS1227093611, XS1336607715, XS1403685636, XS1449707055,
	XS1532877757, XS1540071724, XS1586386739
WKN:	A14QGA,A1871P,A1Z07A,A18V71,A180VY,A1839S,A1899S,A19A2V
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Stuttgart; Dublin, Paris
Category Code:	MSCL
TIDM:	IRSH
Sequence No.:	4272

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