Vonovia SE

M&A Activity • Oct 12, 2018

Vonovia SE Universitätsstraße 133 44803 Bochum

Rene Hoffmann Head of Investor Relations Phone +49 234 / 314 - 1629 rene.hoffmann@vonovia.de www.vonovia.de

As part of a consortium, Vonovia will acquire a 10% stake in a 4,000 unit residential portfolio from SNCF Group

Bochum, October 12, 2018 – A consortium of Ampère Gestion (subsidiary of CDC Habitat), Swiss Life, ERAFP (French Public services supplementary pension scheme), IRCANTEC (supplementary retirement fund for fixed-term public-sector contractual employees) and Vonovia has been successful in winning the bid for an 80% stake in Foncière Vesta, a 4,000 unit residential portfolio owned by a subsidiary of SNCF ("ICF Novedis"). The signing is expected to occur on October 16, 2018. The structure of the transaction will give Vonovia an indirect 10% stake in Foncière Vesta for an investment of a higher double-digit € million amount.

This acquisition of a 10% stake is the next incremental step of Vonovia's efforts to learn more about the French residential market, gain practical experience in managing a French residential portfolio and strengthen its relations with influential players in France. Via its stake, Vonovia will secure a seat on all boards and asset management committees to safeguard its involvement in all relevant decisions.

Vonovia reiterates its belief that France is a meaningful long-term opportunity to the extent that legislation changes and allows for the payout of economic dividends from social housing. Without such legislative change, however, Vonovia does not expect to make any meaningful capital allocations.

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About Vonovia

Vonovia SE is Europe's leading housing company. Vonovia currently owns more than 400,000 residential units in all attractive cities and regions in Germany, Austria and Sweden. Its portfolio is worth approximately EUR 41.7 billion. As a modern service company, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Accordingly, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.

The company, which is based in Bochum, has been listed on the stock exchange since 2013 and on the DAX 30 since September 2015. Vonovia SE is also listed on the international indices STOXX Europe 600, MSCI Germany, GPR 250 and EPRA/NAREIT Europe. Vonovia has a workforce of approximately 9,700 employees.

Additional Information:

Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange ISIN: DE000A1ML7J1 WKN: A1ML7J Common code: 094567408 Seat of Vonovia SE: Universitätsstraße 133, 44803 Bochum, Germany (Local Court (Amtsgericht) Bochum, HRB 16879)

This corporate has been issued by Vonovia SE and/or its subsidiaries solely for information purposes. This corporate news may contain statements, assumptions, opinions and predictions about the anticipated future development of Vonovia ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from Vonovia's current business or from publicly available sources that have not been subject to an independent audit or indepth evaluation by Vonovia and that may turn out to be incorrect at a later stage. All forwardlooking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this corporate news was issued to its recipients. It is the responsibility of the recipients of this corporate news to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses, as well as penalties that the recipients may incur by using the corporate news, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Vonovia does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this corporate news. Vonovia is not obliged to update or correct the information, forwardlooking statements or conclusions drawn in this corporate news or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this corporate news.

Universitätsstraße 133 44803 Bochum

Rene Hoffmann Head of Investor Relations Phone +49 234 / 314 - 1629 rene.hoffmann@vonovia.de www.vonovia.de