Aroundtown S.A. — Earnings Release 2017

Aug 30, 2017

Aroundtown Property Holdings Plc. / Miscellaneous - Low Priority

30-Aug-2017 / 07:28 CET/CEST

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

THISANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLYOR INDIRECTLY, IN OR INTOTHE UNITED STATES,AUSTRALIA, CANADAOR JAPAN ORANYOTHER JURISDICTION WHERE TODOSO WOULD CONSTITUTEAVIOLATION OFAPPLICABLE LAWS OR REGULATIONS

AROUNDTOWNANNOUNCES FIRST HALF 2017 RESULTS: STRONGOPERATIONAL RESULTS WHILE MAINTAININGROBUST FINANCIAL PROFILE

• Rental and operating income in the first half year of 2017 at EUR237 million, up from EUR110 million
• Adjusted EBITDAincreased by +71% to EUR195 million compared to EUR114 million in half year 2016
• FFOI growth of 83% to EUR130 million from EUR71 million in the comparable period of previous year
• FFOI per share up by 64% to EUR0.18, from EUR0.11 in H1 2016
• Net profit up by 52% to EUR777 million from EUR510 million in H1 2016

• EPS (basic) at EUR0.88 up by 47% from H1 2016; diluted EPS at EUR0.74 up by 61% from H1 2016

• EPRANAV including perpetual notes of EUR6.2 billion, equivalent to EUR7.0 per share compared to EUR5.4 per share at the end of last year

- EPRANAV amounted to EUR5.1 billion as of June 30, 2017, increased to EUR5.9 per share compared to EUR4.9 per share end of last year

• - Total assets increased by +34% to EUR10.8 billion from EUR8.1bn year end 2016
• Strong and conservative leverage with an LTV of 36%
• Strong financial coverage with an Interest Coverage Ratio of 5.7x
• Equity ratio up by 7 percentage points from 49% in year end 2016 to 56% in June 2017
• On a like-for-like basis, net rent increased by 6.2% with 2.7% from occupancy and 3.5% from in-place rent increases

30August 2017.

Solid operational key figures reflecting strong development

Aroundtown (the 'Company' or 'AT') continues successfully on its growth path. The listing of the Company's share on the Prime Standard of the Frankfurt Stock Exchange achieved in the beginning of June 2017 and the redomiciliation to Luxembourg, which will be finalized in mid-September 2017, will provide the Company with greater visibility and tradability affirming the successful development of the Company. These milestones constitute an opportunity for inclusion in major stock indices, such as the DAX family and major EPRA indices.

Part ofAroundtown's corporate achievements has also been the recent improvement in its ESG score from Sustainalytics positioning the Company at the 88 th percentile, ranking 35 among 280 real estate peers world-wide, and ranking outperformer in all sub-factors (environmental, social and governance).

Accelerated growth consistently supported by capital markets

To support its solid growth, the Company once again successfully accessed capital markets on the way to reach its 2016 level where Aroundtown was the largest European real estate issuer. Year to date,AT issued in total a volume of EUR2.3 billion, confirming its strong investor demand while maintaining its conservative capital approach. This is reflected in the low LTV of 36%, which is comfortably below the policy limit of 45%, and the high diversification of financing sources from equity, perpetuals and straight bonds.

The H1 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 the Prime Standard of the Frankfurt Stock Exchange) is a specialist

real estate company with a focus on value-add and income generating properties primarily in the German/NL 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.

The EQS Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases. Archive at www.dgap.de/ukreg

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, XS1649193403, XS1634523754
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	MSCL
Code:
TIDM:	IRSH
Sequence	4575
No.:

End ofAnnouncementEQS News Service