Press release 9 March 2017

bfw liegenschaften ag plans share buyback Frauenfeld, 9 March 2017 - bfw liegenschaften ag (SIX Swiss Exchange: BLIN) announced today that the company plans a share buyback programme in a maximum amount of 10% of the share capital. The programme will involve repurchasing shares for a maximum amount of CHF 24.4 million. The share buyback programme will be implemented by issuing put options and will run in the period from 22 March to 4 April 2017. The put options can be used to tender registered shares category A at a strike price of CHF 47.00 per share, which represents a premium of 16% on the average volume-weighted share price over the past 60 trading days. Once the share buyback has been completed, the Board of Directors will propose at latest to the General Meeting 2018 to approve the cancellation of the repurchased shares and will reduce the share capital accordingly, once the General Meeting approved the cancellation.

bfw liegenschaften ag published preliminary results for fiscal year 2016 on 6 February 2017, and has a solid balance sheet as at 31 December 2016 with equity ratio of over 46%. Given the robust capitalisation of the company, bfw liegenschaften ag intends to repurchase up to 10% of its share capital. The aim of the share buyback programme is to return additional capital to shareholders, besides the annual pay-out from capital contribution reserves. In total, bfw liegenschaften ag intends to buy back shares in a maximum amount of CHF

24.4 million. The company wants to give its shareholders an opportunity to sell part of their shareholdings at a premium compared to the current share price.

On 22 March 2017, bfw liegenschaften ag will grant one put option free of charge for each registered share category A with a nominal value of CHF 7.50 and 0.1 put options for each registered shares category B with a nominal value of CHF 0.75. For every ten put options, shareholders will be entitled to sell one registered share category A at a strike price of CHF 47.00. The strike price represents a 16% premium compared to the average volume-weighted share price over the past 60 trading days. The put options will be tradeable between 22 March and 4 April 2017 on a separate trading line on SIX Swiss Exchange. The exercise of the put options is expected to be on 6 April 2017 (European option).

The maximum amount of shares to be bought back amounts to 519,125 registered shares category A or 10% of the share capital. Beat Frischknecht, as major shareholder, holding his shares directly and indirectly, currently intends to not take part in the share buyback programme. The net repurchase price is expected to be paid out on 7 April 2017.

With regard to the question of whether to sell their put options on the stock exchange or use them to tender shares, shareholders are advised to follow the instructions and recommendations of their custodian bank.

Once the share buyback has been completed, the Board of Directors will propose at latest to the General Meeting 2018 to approve the cancellation of the repurchased shares and will reduce the share capital accordingly, once the General Meeting approved the cancellation.

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

Agenda:

15 March 2017 Publication results Fiscal Year 2016 and Annual Report 2016 26 April 2017 Ordinary General Meeting of Shareholders

14 September 2017 Publication of Half-Year Results 2017 and Half-Year Report 2017

Information on bfw liegenschaften ag

www.bfwliegenschaften.ch/index.php/en

bfw liegenschaften ag is a real-estate company with headquarters in Frauenfeld in the canton of Thurgau, Switzerland. It focuses on 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).

bfw liegenschaften ag ∙ Bahnhofstrasse 92 ∙ CH-8500 Frauenfeld Phone +41 (0)52 728 01 01 ∙ Fax +41 (0)52 728 01 09 www.bfwliegenschaften.ch ∙ info@bfwliegenschaften.ch Page 1 of 1

BFW Liegenschaften AG published this content on 09 March 2017 and is solely responsible for the information contained herein.
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