DGAP-Ad hoc: Accentro Real Estate AG

Ad-hoc Communiqué

Not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, South Africa or Japan or any other jurisdiction in which the release, publication or distribution would be unlawful.

ACCENTRO Real Estate AG resolves to issue a corporate bond

Berlin, 23 January 2018. ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, today resolved to issue a corporate bond with a target volume of EUR100 million. The bond will only be offered in a private placement and exclusively with qualified investors outside the United States of America. A public offer of the corporate bond will not take place.

The new corporate bond will have a maturity of three years. The coupon of the bond has not yet been set and will be determined by way of a book-building process. Interest payments will be made semi-annually.

ACCENTRO Real Estate AG intends to use the net issue proceeds primarily to finance acquisitions of new real estate assets in Germany. Net proceeds not used for funding such acquisitions may be used in any manner that improves at least one of the financial covenants set forth in the terms and conditions of the bonds. Until the proceeds are applied for such purposes, ACCENTRO Real Estate AG may temporarily invest the proceeds in short-term highly liquid investments.

ODDO BHF, Paris, is acting as Global Coordinator and Bookrunner for the transaction.

IMPORTANT NOTE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH, OR TO PERSONS TO WHOM, SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

This announcement is for information purposes only and does not constitute, contain or form part of, and should not be construed as, an offer or an invitation to sell, or issue or the solicitation of any offer to buy or subscribe for, any securities. In connection with this transaction there has not been, nor will there be, any public offering of the bond. The bond may not be offered to the public in any jurisdiction under circumstances which would require the issuer of the bond to prepare or register any prospectus or offering document relating to the bond in such jurisdiction.

The distribution of this announcement and the offer and sale of the bond in certain jurisdictions may be restricted by law. Any persons reading this announcement should inform themselves of and observe any such restrictions.

This announcement does not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state within the U.S., and may not be offered or sold in the United States absent registration or an applicable exemption from registration or in a transaction not subject to the registration requirements of the Securities Act. There will be no offering of the securities in the United States. This announcement and the information contained herein may not be distributed or sent into the United States, or in any other jurisdiction in which offers or sales of the securities described herein would be prohibited by applicable laws and should not be distributed to publications with a general circulation in the United States. The bond is being offered and sold only outside the United States in reliance on Regulation S under the Securities Act.

The offer referred to herein when made in member states of the European Economic Area ("EEA") which have implemented the Prospectus Directive (each, a "relevant member state"), is only addressed to and directed at persons who are "qualified investors" as defined in the Prospectus Directive ("Qualified Investors"). For these purposes, the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including by Directive 2010/73/EU, as amended).

In the United Kingdom, this announcement is only being distributed to and is only directed at (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (ii) high net worth entities falling within Article 49(2) of the Order and (iii) persons to whom it would otherwise be lawful to distribute it (all such persons together being referred to as "relevant persons"). The bond is only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such bond will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents.