Kardan N.V. — Capital/Financing Update 2012

Oct 2, 2012

KARDAN TO SELL REAL ESTATE ASSETS IN SWITZERLAND Deal will generate EUR 6 million free cash

Amsterdam, October 2, 2012 - Kardan N.V. ("Kardan"), active in Real Estate, Water Infrastructure and Financial Services in emerging markets announces that its fully owned subsidiary GTC Real Estate Holding B.V. ("GTC RE") has signed an agreement to sell its real estate portfolio in Switzerland ("the Transaction") to a Swiss Investment Fund. The portfolio of 7 assets, mostly offices, in Switzerland is indirectly held (40%) by GTC RE.

The portfolio is sold for an amount of EUR 61 million and will generate approximately EUR 6 million of free cash for GTC RE after repayments of bank loans and expenses. The amounts are expected to be received in full by mid October. The Transaction is expected to have a slight negative impact of not more than EUR 1 million on the income statement of Kardan in the third or fourth quarter of 2012.

The sale of the Swiss real estate assets is in line with the strategy of Kardan to withdraw from the Western European Real Estate market as well as to generate free cash through the sale of selected assets in order to fulfill the obligations to its bond holders.

About Kardan

Kardan identifies and develops assets in promising emerging markets, mainly in the CEE, CIS and China. Its activities are mainly focused on three sectors that benefit from the rising middle class: Real Estate, Water Infrastructure and Retail Lending. Company headquarters are in the Netherlands. Kardan aims at holding controlling interests in its investments and, through the development of local business platforms, is actively involved in the definition and implementation of their strategy. Total assets as of June 30, 2012 amounted to EUR 3.6 billion; revenues totalled EUR 176 million in H1 - 2012. Kardan is listed on NYSE Euronext Amsterdam and the Tel-Aviv Stock Exchange.

For further information please contact:

Caroline Vogelzang Director Investor Relations Mobile: +31 6 10 949 161 Vogelzang@kardan.nl www.kardan.nl

"This press release contains regulated information (gereglementeerde informatie) as defined in the Dutch Act on Financial Supervision (Wet op het financieel toezicht)"