Interim Report For the First Quarter of 2016

KEY FIGURES AT A GLANCE (IFRS)

€ thousand
From the income statement	31 March 2016	31 March 2015
Income from rents and leases	14,667	11,901
Net rental income	13,589	11,061
Operating result	7,046	5,603
Financial result	-3,380	-3,206
EBITDA	14,868	9,850
EBDA	11,488	6,644
EBIT	9,511	5,603
Funds from operations (FFO)	9,023	6,644
Net profit for the period	6,131	2,397
from the statement of financial position	31 March 2016	31 December 2015
Total assets	828,011	786,644
Non-current assets	797,418	752,046
Equity	412,258	406,074
Equity ratio in %	49.8	51.6
REIT equity ratio in %	59.6	61.5
Loan-to-value (LTV) in %	37.6	35.0
on hamborner shares	31 March 2016	31 March 2015
Number of shares outstanding	62,002,613	50,042,665
Basic = diluted earnings per share in €	0.10	0.05
Funds from operations (FFO) per share in €	0.15	0.13
Stock price per share in € (Xetra)	9.51	10.25
Market capitalisation	589,645	512,937
Other data	31 March 2016	31 December 2015
Fair value of property portfolio	943,270	899,816
Net asset value (NAV)	571,731	564,707
Net asset value per share in €	9.22	9.11
Number of employees including Managing Board	34	33

Letter from the Managing Board

Interim Management Report

General Economic Conditions
Report on Result of Operations, Net Asset Situation and Financial Position
Risk Report
Forecast Report
Supplementary Report

Interim Condensed Financial Statements of HAMBORNER REIT AG as at 31 March 2016

Interim Condensed Income Statement
Interim Condensed Statement of Comprehensive Income
Interim Condensed Statement of Financial Position
Interim Condensed Statement of Cash Flows
Interim Condensed Statement of Changes in Equity
Notes on the Interim Condensed Financial Statements

Responsibility Statement

Additional Information

The financial reporting of HAMBORNER REIT AG is in accordance with IFRS (International Financial Reporting Standards) as applicable in the European Union.

This interim report was published on 27 April 2016.

LETTER FROM THE MANAGING BOARD

DEAR SHAREHOLDERS, LADIES AND GENTLEMEN,

After our successful performance in 2015, the company also enjoyed a highly positive start to the 2016 financial year. We have continued our strategy and systematically pressed ahead with the expansion and optimisation of our portfolio.

A particular highlight in the first quarter was the transfer of the property acquired in Lübeck in 2015. The Haerder Centre in the heart of the city was transferred to HAMBORNER on 29 February 2016 and, with a purchase price of just under €50 million, is the largest single acquisition by the company to date. The shopping mall built in 2008 offers a rental area of around 13,200 m² and its core tenants include H&M, New Yorker, REWE and mytoys. The gross initial yield is 6.5%. In addition, the purchase agreement for another office building in Münster was signed in February 2016. The property is an ideal complement to the neighbouring office buildings that were already acquired by Hamborner in 2009. The purchase price amounts to around €6.1 million at a gross initial yield of approximately 6.8%. The total volume of our properties in Deilmann Park is therefore around €30 million. Furthermore, the properties in Dinslaken, Duisburg and Solingen, for which sales agreements were signed in 2015, were transferred on 29 January 2016. After the additions and disposals, HAMBORNER thus had a portfolio of 67 properties with a fair value of around €943 million as at 31 March 2016. After the successful capital increases in 2015, the company still has scope for acquisitions of around €100 million to €120 million while maintaining its long-term target REIT equity ratio of 50%.

Operating performance was extremely positive in the first quarter of 2016. This is clearly reflected in our key figures. Income from rents and leases increased by 23.2% year-on-year in the first quarter of 2016. FFO, our key control parameter, rose by as much as 35.8% in the first three months of this financial year. We are therefore confident for the rest of the year.

Our Annual General Meeting will be held at 10:00 am on Thursday, 28 April 2016 in the town hall of Mülheim/Ruhr. The Managing Board and the Supervisory Board look forward to welcoming you there.

With this in mind, we wish you and ourselves every continuing success for the rest of the year and thank you for your confidence.

Duisburg, April 2016

Dr Rüdiger Mrotzek Hans Richard Schmitz

INTERIM MANAGEMENT REPORT

General Economic Conditions

The German economy picked up the pace at the start of the year, according to the German Federal Ministry for Economic Affairs. While the export situation was still muted, the German economy was above all driven by robust domestic demand. In particular, industry and construction were able to ramp up their production significantly thanks not least to the mild winter. Even though the pace of growth is expected to slow somewhat during the year, the government is predicting GDP growth of 1.7% for 2016.

The positive development on the labour market is ongoing. At the end of March the number of people in employment was 43.0 million with an unemployment rate of 6.5%. The Federal Employment Agency is forecasting an unemployment rate of 6.4% for the year as a whole. Consumer prices rose by 0.8% as against the previous month in March. Compared to March 2015, consumer prices have risen by 0.3%.

Report on Result of Operations, Net Asset Situation and Financial Position

As expected, the result of operations, net asset situation and financial position of HAMBORNER REIT AG were good in the first three months of 2016.

Result of Operations

By the end of March, we generated income from rents and leases on our properties of €14,667 thousand (previous year: €11,901 thousand). The increase as against the same period of the previous year was then €2,766 thousand or 23.2%. At €2,834 thousand (23.8%), the increase resulted from property acquisitions in 2015 and the first three months of the current financial year. As a result of property disposals, income declined by a total of €292 thousand (2.5%). The rental income from properties that were in our portfolio in both the first three months of 2015 and the reporting quarter (like-for-like) was up by €223 thousand (1.9%).

The already very low economic vacancy rate taking into account agreed rent guarantees has declined even further to 1.2% in the first three months of the reporting year (previous year: 2.4%). Not including rent guarantees the vacancy rate was 1.6% (previous year: 2.5%).

The income from passed-on incidental costs to tenants amounted to €1,949 thousand, €654 thousand (50.5%) higher than in the same period of the previous year (€1,295 thousand). Expenses for the management of our properties increased by €831 thousand (47.4%) to €2,586 thousand (previous year: €1,755 thousand) for the three months ended March 2016.

The expenses for the maintenance of our land and property portfolio amounted to €441 thousand as at 31 March 2016 after €380 thousand in the same period of the previous year. The costs predominantly relate to minor, ongoing maintenance. The more extensive work planned will not begin until later quarters.

At €13,589 thousand, the net rental income derived from the above items is €2,528 thousand or 22.9% higher than the value for the same period of the previous year (€11,061 thousand).

Administrative and personnel expenses totalled €1,213 thousand, down 7.9% on the previous year's level (€1,317 thousand). While administrative expenses were slightly higher than the previous year's level with a rise of €18 thousand, personnel expenses declined by €122 thousand or 11.9%. The reduction in personnel expenses is due mainly to the measurement of the long-term portion of Managing Board remuneration (LTI). The measurement of long-term Managing Board remuneration is essentially dependent on the price of hamborner shares at the end of the reporting period. The effect on personnel expenses of the measurement of the LTI in the respective reporting period derives in particular from the change in the share price as at the end of the quarter compared to the closing price on 31 December of the previous year. While the share price was up by around 26% year-on-year in the first quarter of 2015, the share price in the first quarter of 2016 was down slightly by around 1% compared to the end of 2015. As a result, in the first three months of the current year, the personnel expenses relating to the LTI were €206 thousand lower than the corresponding expense for the same period of the previous year. The operating cost ratio, i.e. administrative and personnel expenses to income from rents and leases, was therefore 8.3% (previous year: 11.1%).

Depreciation and amortisation expenses rose by €1,110 thousand to €5,357 thousand in the reporting period after €4,247 thousand in the same period of the previous year as a result of property acquisitions in particular.

Other operating income amounted €379 thousand in the first quarter of the reporting year (previous year: €421 thousand). Income includes €162 thousand (previous year: €5 thousand) from the reversal of provisions that, in particular, were recognised for land taxes on a property assessed by the tax office for the first time since it was built. After being assessed, it was found that the taxes are lower than originally assumed. Furthermore, €135 thousand (previous year: €354 thousand) of other operating income relates essentially to compensation and reimbursements in connection with property management.

Other operating expenses amounted to €352 thousand in the first quarter of 2016 (previous year: €315 thousand). This item includes membership fees of €105 thousand (previous year: €107 thousand), public relations work of €95 thousand (previous year: €68 thousand) and legal and consulting costs of €50 thousand (previous year: €41 thousand).

The operating result of the company amounted to €7,046 thousand as at the end of March 2016 after €5,603 thousand in the same period of the previous year.

The company generated net income of €2,465 thousand (previous year: €0 thousand) from the disposal of three properties in the first quarter of 2016.

The financial result is €-3,380 thousand as against €-3,206 thousand in the same period of the previous year. At €-3,381 thousand (previous year: €-3,211 thousand), the amounts for interest expenses included in this increased as against the same quarter of the previous year on account of the utilisation of further loans to finance property acquisitions in particular.

The first quarter of 2016 closed with comprehensive income for the period of €6,131 thousand after €2,397 thousand in the same period of the previous year. FFO (funds from operations), i.e. the operating result before depreciation and amortisation expenses and not including proceeds from disposals, increased by 35.8% and amounted to €9,023 thousand in the reporting period (previous year: €6,644 thousand). With 11,959,948 more shares outstanding than in the same period of the previous year, this corresponds to FFO per share of 15 cents (previous year: 13 cents). The increase in FFO in the first quarter of 2016 as against the same quarter of the previous year is essentially due to the contributions by the properties added in 2015. As the additions mainly occurred in the second half of 2015, the rise in FFO in the first quarter is particularly pronounced.

Net Asset Situation and Financial Position

Ownership of the Haerder Centre shopping mall in Lübeck was transferred to us on 29 February 2016. The purchase price of the property was €49.1 million at a gross initial yield of approximately 6.5%.

We signed the purchase agreement for an office property in Münster at a purchase price of €6.1 million on 10 February 2016. The property is adjacent to the building already owned by hamborner on Martin-Luther-King-Weg. Ownership is expected to transfer at the end of the second quarter of 2016.

Furthermore, the properties in Dinslaken, Duisburg and Solingen reported under "Non-current assets held for sale" as at 31 December 2015 were transferred to the respective buyers on 29 January 2016. With sales prices of €7.8 million in total and residual carrying amounts of €5.3 million, the book profit generated was €2.5 million.

The updated fair value of the developed property portfolio taking into account the above changes was €943.3 million as at the end of the quarter under review (31 December 2015: €899.8 million).

The company had cash and cash equivalents of €28.3 million on 31 March 2016 (31 December 2015: €27.1 million). The change is essentially due to cash generated by operating activities (€11.5 million; previous year: €9.5 million) and the utilisation of loans (€42.8 million). The cash inflows were largely offset by outflows for investments in the property portfolio (€54.8 million) and for interest and principal payments (€6.1 million). Furthermore, there are other financing commitments of €79.0 million.

On the equity and liabilities side, equity amounted to €412.3 million as at 31 March 2016 after €406.1 million as at 31 December 2015. The reported equity ratio as at the end of the period was 49.8% after 51.6% as at 31 December 2015. The REIT equity ratio was 59.6% after 61.5% as at 31 December 2015.

Current and non-current financial liabilities increased by a net total of €39.9 million as against 31 December 2015 (€344.3 million) as a result of the utilisation of loans in the first quarter of 2016 in particular, amounting to €384.2 million as at the end of the quarter. The average borrowing rate for loans in place and those agreed but not yet utilised is 3.2%.

The fair value of derivative financial instruments is €-8.2 million as at 31 March 2016 and therefore at the same level as on 31 December 2015 (€-8.2 million).

The net asset value (NAV) of the company was €571.7 million thousand as at the end of the quarter (31 December 2015: €564.7 million). This corresponds to NAV per share of €9.22 after €9.11 as at 31 December 2015.

Risk Report

As a property company with a portfolio spread across the whole of Germany, HAMBORNER REIT AG is exposed to a number of risks that could affect its result of operations, net assets situation and financial position. We are not currently anticipating any significant changes in the assessment of risks to the business development of the company as against 31 December 2015. The comments made in the risk report of the 2015 management report therefore still apply.

No risks to the continuation of the company as a going concern are currently discernible.

Forecast Report

As an asset manager for commercial properties, HAMBORNER REIT AG held a portfolio of 67 properties as at 31 March 2016. In future, the company's strategy will be geared towards value-adding growth in the fields of large-scale retail, high street commercial properties and office properties.

We are standing by our basic estimates for future business prospects as published in the 2015 annual report. Without further potential investments not yet fleshed out, we are therefore assuming an increase in income from rents and leases of 13% to 15% for 2016 as a whole, combined with growth in operating earnings (FFO) of a similar amount. The first quarter of 2016 has provided a good foundation for achieving this forecast.

Supplementary Report

There have been no transactions of particular significance since the end of the quarter.

INTERIM FINANCIAL STATEMENTS OF HAMBORNER REIT AG AS AT AND FOR THE THREE MONTHS ENDED 31 MARCH 2016

INTERIM CONDENSED INCOME STATEMENT

€ thousand	1 January – 31 March 2016	1 January – 31 March 2015
Income from rents and leases	14,667	11,901
Income from passed-on incidental costs to tenants	1,949	1,295
Real estate operating expenses	-2,586	-1,755
Property and building maintenance	-441	-380
Net rental income	13,589	11,061
Administrative expenses	-312	-294
Personnel expenses	-901	-1,023
Amortisation of intangible assets, depreciation of property, plant and equipment and investment property	-5,357	-4,247
Other operating income	379	421
Other operating expenses	-352	-315
	-6,543	-5,458
Operating result	7,046	5,603
Result from the sale of investment property	2,465	0
Earnings before interest and taxes (EBIT)	9,511	5,603
Interest income	1	5
Interest expenses	-3,381	-3,211
Financial result	-3,380	-3,206
Net profit for the period	6,131	2,397
Basic = diluted earnings per share in €	0.10	0.05

INTERIM CONDENSED STATEMENT OF COMPREHENSIVE INCOME

€ thousand	1 January – 31 March 2016	1 January – 31 March 2015
Net profit for the period as per the income statement	6,131	2,397
Items reclassified to profit or loss in future if certain conditions are met:
Unrealised gains/losses (-) on the revaluation of derivative financial instruments	53	502
Other comprehensive income for the period	53	502
Total comprehensive income for the period	6,184	2,899

Other comprehensive income for the period relates to changes in the fair value of interest rate swaps used to manage the risk of interest fluctuations. Corresponding changes in market value are recognised in equity if they are sufficiently effective and this is documented.

INTERIM CONDENSED STATEMENT OF FINANCIAL POSITION – ASSETS

€ thousand	31 March 2016	31 December 2015
Non-current assets
Intangible assets	512	63
Property, plant and equipment	2,113	2,153
Investment property	793,766	748,824
Financial assets	779	753
Other assets	248	253
	797,418	752,046
Current assets
Trade receivables and other assets	1,569	1,488
Cash and cash equivalents	28,328	27,133
Non-current assets held for sale	696	5,977
	30,593	34,598
Total assets	828,011	786,644

INTERIM CONDENSED STATEMENT OF FINANCIAL POSITION – EQUITY AND LIABILITIES

€ thousand	31 March 2016	31 December 2015
Equity
Issued capital	62,003	62,003
Capital reserves	247,259	247,259
Retained earnings	50,810	50,757
Net retained profits	52,186	46,055
	412,258	406,074
Non-current liabilities and provisions
Financial liabilities	366,877	328,197
Derivative financial instruments	8,187	8,240
Trade payables and other liabilities	2,672	4,520
Pension provisions	7,131	7,220
Other provisions	2,826	3,085
	387,693	351,262
Current liabilities and provisions
Financial liabilities	17,352	16,138
Trade payables and other liabilities	8,859	11,526
Other provisions	1,849	1,644
	28,060	29,308
Total equity, liabilities and provisions	828,011	786,644

INTERIM CONDENSED STATEMENT OF CASH FLOWS

€ thousand	1 January – 31 March 2016	1 January – 31 March 2015

Cash flow from operating activities
Net profit for the period	6,131	2,397
Financial result	3,380	3,206
Depreciation, amortisation and impairment (+)/write-ups (-)	5,357	4,247
Change in provisions	-191	278
Gains (-)/losses (+) (net) on the disposal of property, plant and equipment and investment property	-2,465	0
Change in receivables and other assets not attributable to investing or financing activities	-198	-271
Change in liabilities not attributable to investing or financing activities	-470	-403
	11,544	9,454
Cash flow from investing activities
Investments in intangible assets, property, plant and equipment and investment property	-54,790	-27,199
Proceeds from disposals of property, plant and equipment and investment property	7,746	0
Proceeds from disposals of financial assets	1	1
Interest received	1	5
	-47,042	-27,193
Cash flow from financing activities
Proceeds from borrowings of financial liabilities	42,800	0
Repayments of borrowings	-2,794	-2,317
Proceeds from capital increase	0	40,912
Payments for costs of capital increases	0	-72
Interest payments	-3,313	-3,275
	36,693	35,248
Changes in cash and cash equivalents	1,195	17,509
Cash and cash equivalents on 1 January	27,133	10,374
Cash and cash equivalents on 31 March	28,328	27,883

INTERIM CONDENSED STATEMENT OF CHANGES IN EQUITY

€ thousand	Issued capital	Capital reserves	Retained earnings		Net retained profits			Total equity
			Other retained earnings	Revaluation surplus	Profit carry forward	Net profit for the period	Withdrawal from other retained earnings
As at 1 January 2015	45,493	124,279	79,208	-14,688	16,437	17,109	2,357	270,195
Carryforward to new account					19,466	-17,109	-2,357	0
Capital increase	4,550	36,362						40,912
Costs of capital increase		-72						-72
Other comprehensive income for the period 1 January – 31 March 2015				502		0		502
Net profit for the period 1 January – 31 March 2015				0		2,397	0	2,397
Total comprehensive income for the period 1 January – 31 March 2015				502	0	2,397		2,899
As at 31 March 2015	50,043	160,569	79,208	-14,186	35,903	2,397		313,934
Distribution of profit for 2014 (€0.40 per share)			0		-20,017		0	-20,017
Capital increase	11,960	89,700				0		101,660
Costs of capital increase		-3,010		0		0		-3,010
Other comprehensive income for the period 1 April – 31 December 2015	0	0	0	2,129	0	0	0	2,129
Withdrawal from other re tained earnings			-16,394		0	0	16,394	0
Net profit for the period 1 April – 31 December 2015						11,378		11,378
Total comprehensive income for the period 1 April – 31 December 2015		0		2,129		11,378		13,507
As at 31 December 2015	62,003	247,259	62,814	-12,057	15,886	13,775	16,394	406,074
Carryforward to new account					30,169	-13,775	-16,394	0
Other comprehensive income for the period 1 January – 31 March 2016				53		0		53
Net profit for the period 1 January – 31 March 2016				0		6,131	0	6,131
Total comprehensive income for the period 1 January – 31 March 2016				53		6,131	0	6,184
As at 31 March 2016	62,003	247,259	62,814	-12,004	46,055	6,131	0	412,258

NOTES ON THE INTERIM CONDENSED FINANCIAL STATEMENTS

Information on HAMBORNER

HAMBORNER REIT AG is a listed corporation (SCN 601300) headquartered in Duisburg, Germany. This interim report of HAMBORNER REIT AG for the first quarter of 2016 was published on 27 April 2016. The interim financial statements have been prepared in euro (€), whereby all amounts – unless stated otherwise – are reported in thousands of euro (€ thousand). Minor rounding differences may occur in totals and percentages.

Principles of Reporting

This interim report of HAMBORNER REIT AG as at 31 March 2016 is in accordance with IFRS (International Financial Reporting Standards) as applicable in the European Union. In particular, it was prepared in line with the regulations of International Accounting Standard (IAS) 34 on interim reporting and the requirements of the German Accounting Standard No. 16 of DRSC (German Accounting Standards Committee) on interim reporting and in accordance with the requirements of section 37w of the Wertpapierhandelsgesetz (WpHG – German Securities Trading Act). The scope of its reporting has been condensed compared to the separate financial statements as at 31 December 2015.

The interim financial statements as at 31 March 2016 are based on the same accounting policies as the separate IFRS financial statements as at 31 December 2015. The accounting standards applicable from 1 January 2016 that have been endorsed by the EU and revised were complied with. However, they had no significant effect on the presentation of the interim financial statements.

This interim report was neither audited by an auditor in accordance with section 317 HGB nor reviewed by an auditor.

In our opinion, the interim report contains all the significant information needed to understand the changes in the result of operations, net asset situation and financial position of HAMBORNER REIT AG since the end of the last reporting period. The significant changes and transactions in the reporting period are presented in the interim management report of this document.

Material Transactions in the First Three Months of 2016

The Haerder Centre in Lübeck was transferred to the portfolio on 29 February 2016. The purchase price was €49.1 million.

The rights and liabilities for the properties in Dinslaken, Duisburg and Solingen reported under "Non-current assets held for sale" as at 31 December 2015 were transferred to the buyer on 29 January 2016.

At the end of March, we signed the loan agreement for the pro rata debt financing of the property acquired in Lübeck in February in the amount of €32.5 million. The interest rate is set at 1.38% for ten years.

Other Selected Notes

In the process of preparing these interim financial statements, we reviewed the fair values of our properties as calculated by expert opinion as at 31 December 2015. The review did not identify any factors affecting their value that would have led to a significantly different valuation. It therefore currently appears justified to retain the values published as at 31 December 2015 in these interim financial statements. The property in Lübeck added after 31 December 2015 was also valued by an expert and included in reporting accordingly.

On 31 March 2016, there were obligations arising from notarised purchase agreements for two properties in Ditzingen and Münster to pay a total purchase price of €18.8 million. The purchase prices will fall due after the conditions have been met.

With the exception of derivatives recognised at fair value, all assets and liabilities are measured at amortised cost.

Under assets and liabilities recognised at amortised cost, except for the financial liabilities, the carrying amounts of the financial assets and liabilities in the statement of financial position are a good approximation of their fair value.

The fair values of financial liabilities are equal to the present values of the payments associated with the liabilities, taking into account the current interest rate parameters (level 2 under IFRS 13) as at the end of the reporting period, and amount to €416,813 thousand as at 31 March of this year (31 December 2015: €372,477 thousand).

The derivative financial instruments reported in the statement of financial position are measured at fair value. These are exclusively interest hedges. The market values calculated by banks result from discounting the expected future cash flows over the residual term of the contracts on the basis of observable market interest rates or yield curves (level 2 under IFRS 7).

Significant Related Party Transactions

There were no reportable transactions with related parties in the first quarter of 2016.

RESPONSIBILITY STATEMENT

To the best of our knowledge, and in accordance with the applicable reporting principles for interim financial reporting, the interim financial statements give a true and fair view of the net asset situation, financial position and result of operations of the company, and the interim management report of the company includes a fair review of the development and performance of the business and the position of the company, together with a description of the principal opportunities and risks associated with the expected development of the company for the remaining months of the financial year.

Duisburg, 27 April 2016

The Managing Board

Dr Rüdiger Mrotzek Hans Richard Schmitz

ADDITIONAL INFORMATION

General Development on the Capital Market

Trading in the first quarter of 2016 was characterised by strong turbulence. The DAX was at 10,283 points at the start of the year. Driven by further declines in oil prices and falling share prices on Asian stock markets, the benchmark index lost around 15% in the first half of the quarter to reach a low of 8,753 points by the middle of February. The stock markets largely recovered in the second half of the quarter thanks to positive corporate news and a further cut in lending rates by the European Central Bank. The DAX closed at 9,965 points on 31 March 2016.

HAMBORNER REIT AG shares

Despite the high volatility on the stock markets, the price performance of HAMBORNER shares was relatively stable in the first quarter of 2016. As at 31 March 2016, the share price was almost on par with the year-end closing price for 2015 at €9.51. Market capitalisation was therefore around €590 million as at the end of the quarter.

Stock turnover remained at a good level with an average of around 112,000 shares traded per day in the first three months (average for previous year: around 146,000 shares per trading day).

Name/code	HAMBORNER REIT AG/ HAB
SCN/ISIN	601300/ DE0006013006
Number of shares	62,002,613
Share capital	€62,002,613
Index	SDAX/EPRA index
Designated sponsor	HSBC
Free float	72.53%
Market capitalisation	€589.6 million

In the spirit of open and transparent corporate communications, we have already attended a number of capital market conferences and held roadshows in Europe and the US in recent weeks. Our IR work will continue to be very active in the coming months and we look forward to answering questions from our investors.

Annual General Meeting 2016

Our Annual General Meeting will be held at 10:00 am on 28 April 2016 in the town hall of Mülheim/Ruhr. The Managing Board and the Supervisory Board will be proposing a dividend of 42 cents per share for the 2015 financial year at the Annual General Meeting. This corresponds to a dividend yield of 4.4% based on the year-end closing price for 2015.

Shareholder Structure as at 31 March 2016

FINANCIAL CALENDAR 2016/2017

27 April 2016	Interim report for Q1 2016
28 April 2016	Annual General Meeting 2016
29 April 2016	Payment of dividend for the 2015 financial year
10 August 2016	Interim report for 1st half 2016
8 November 2016	Interim report for Q3 2016
28 March 2017	Annual report 2016
9 May 2017	Interim report for Q1 2017
10 May 2017	Annual General Meeting 2017

Forward-looking Statements

This report contains forward-looking statements, e.g. on general economic developments in Germany, the future situation of the property industry and the company's own probable business performance. These statements are based on current assumptions and estimates by the Managing Board, which were made diligently on the basis of all information available at the respective time. If the assumptions on which statements and forecasts are based are not accurate, the actual results may differ from those currently anticipated.

Published by: The Managing Board of HAMBORNER REIT AG, Duisburg

As at: April 2016

HAMBORNER REIT AG

Goethestrasse 45 47166 Duisburg Tel.: +49 203 54405-0 Fax: +49 203 54405-49 [email protected] www.hamborner.de