Press Release 29 July 2016

bfw liegenschaften ag publishes preliminary results for the 1stHalf-Year 2016

Frauenfeld, 29 July 2016 - bfw liegenschaften ag (SIX Swiss Exchange: BLIN) achieved a strong first half-year 2016, according to preliminary and un-audited results.

Net rental income increased by about 5% to CHF 8.2 million (previous year CHF 7.8 million). The valuation of the investment portfolio resulted in positive changes in the fair value of real estate investments in the amount of CHF 10.7 million (previous year CHF 6.0 million). The change in market values is mainly due to a reduction in the discount rate applied by the independent real estate evaluator KPMG and to the successful development of the conversion projects. According to the preliminary results, bfw liegenschaften ag achieved a solid EBIT of CHF 17.5 million (previous year CHF 12.5 million).

The fair value reflection of the interest rate swaps and receiver swaptions led to a negative effect before taxes of CHF

7.9 million (previous year negative effect of CHF 1.8 million). Taking into account these fair value changes of the interest rate swaps and receiver swaptions, the earnings including effects from changes in fair value of real estate investments and deferred taxes amounted to about CHF 6.0 million (previous year CHF 7.0 million). Excluding the fair value changes in the interest rate swaps and receiver swaptions, the net earnings will be at approximately CHF 12.6 million (previous year CHF 8.5 million).

The company will publish the 1stHalf-Year report 2016 and further details on the financial statements on 13 September 2016.

Contacts

Beat Frischknecht Reto Borner

Chief Executive Officer Chief Financial Officer

+41 52 728 01 02 +41 52 728 01 06

beat.frischknecht@bfwliegenschaften.chreto.borner@bfwliegenschaften.ch

Information on bfw liegenschaften ag

www.bfwliegenschaften.ch

bfw liegenschaften ag is a real-estate company with headquarters in Frauenfeld in the canton of Thurgau, Switzerland. It focuses on attractive residential properties in commuting areas close to business centres in the German-speaking part of Switzerland. The registered A shares of bfw liegenschaften ag are listed on the SIX Swiss Exchange (Symbol BLIN, Securities Number 1820611, ISIN Number CH 001 820 6117).

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF BFW LIEGENSCHAFTEN AG HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.

bfw liegenschaften ag ∙ Bahnhofstrasse 92 ∙ CH-8500 Frauenfeld Phone +41 52 728 01 01 ∙ Fax +41 52 728 01 09 ∙

www.bfwliegenschaften.ch ∙ info@bfwliegenschaften.ch

BFW Liegenschaften AG published this content on 29 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 July 2016 07:12:02 UTC.

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