DGAP-Ad hoc: BUWOG AG

DGAP-Adhoc: BUWOG AG: BUWOG AG expands its Property Development activities to Hamburg and acquires land site for a residential project with more than 1,000 units in Hamburg-Bergedorf

BUWOG AG / Key word(s): Real Estate/Acquisition

30.04.2016 02:54

Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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- Land plot size approx. 42,700 sqm - Estimated total investment volume of EUR 430 million for the project

BUWOG AG has signed on 30 April 2016 the purchase agreement for a land plot of approx. 42,700 sqm in Hamburg-Bergedorf. In addition to Vienna and Berlin Hamburg thus becomes the company's third long-term development foothold. The estimated total investment volume for this project amounts to approx. EUR 430 million. BUWOG intends to build more than 1,000 residential units on the acquired site. BUWOG's total investment pipeline increases to approx. EUR 2.5 billion investment volume.

About BUWOG Group

BUWOG Group, Hietzinger Kai 131, 1130 Vienna is the leading German-Austrian full-service provider in the residential property business and now looks back on 65 years of expertise. Its high-quality property portfolio encompasses approximately 51,300 units and is distributed evenly throughout Austria and Germany. In addition to asset management, the entire value chain of the residential sector is covered by the sales and development segments. The shares of BUWOG AG (ISIN AT00BUWOG001) have been listed on the Frankfurt, Vienna (ATX) and Warsaw stock exchanges since the end of April 2014.

For further information, please contact:

Media Inquiries Germany: Investor Relations:

Peter Dietze-Felberg Holger Lüth RUECKERCONSULT BUWOG AG T: +49 (0) 30 2844 987 - 62 T: +43 (0) 1 87828 1203 dietze@rueckerconsult.de investor@buwog.com

Media Inquiries Austria:

Thomas Brey M&B PR, Marketing, Publikationen T +43 (0) 1 233 01 23 15 M +43 676 542 39 09 brey@mb-pr.at

30.04.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: BUWOG AG Hietzinger Kai 131 1130 Wien Austria Phone: +43 1 87 8281130 Fax: +43 1 87 8285299 E-mail: investor@buwog.com Internet: www.buwog.com ISIN: AT00BUWOG001 WKN: A1XDYU Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------