CONSUS Real Estate : Press Release | 20. November 2017 | Consus Real Estate AG launches the issuance of bonds

- Issue volume of up to EUR 200 million

- Issue Price: 100 per cent.

- 5-year maturity

- Net proceeds to be used to fund (i) the expansion of the Company's real estate development business, including increasing the Company's holding in CG Group, (ii) selective acquisitions of commercial real estate, and (iii) general corporate purposes

Leipzig, November 20, 2017: The executive board of Consus Real Estate AG (the 'Company'), with the approval of the Company's supervisory board, resolved today on the issuance of senior, unsecured bonds in an aggregate principal amount of up to EUR 200 million (the 'Bonds').

The Bonds will have a maturity of 5 years and will be issued in a denomination of EUR 100,000 each. The Bonds are expected to bear interest at a rate between 3.75% and 4.0% per annum, payable semiannually in arrears.

Bondholders will have the right, during a specified period as defined in the terms and conditions, to participate in a potential capital increase by offering the Bonds as contribution in kind. The Company has the absolute discretion to accept or reject such offer. If the Company accepts such offer, it will deliver Shares to Bondholders, whilst if the Company rejects such offer, it will pay a related cash compensation (in either case calculated according to the terms and conditions of the Bonds).

The settlement is expected to take place on or around November 29, 2017.

The Company intends to apply for inclusion of the Bonds to trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange.

The net proceeds will be used to fund (i) the expansion of the Company's real estate development business, including increasing the Company's holding in CG Group, (ii) selective acquisitions of commercial real estate, and (iii) general corporate purposes.

The Bonds will be placed in an accelerated bookbuilding only to institutional investors outside the United States in accordance with Regulation S under the United States Securities Act of 1933 as amended from time to time (the 'Securities Act') as well as outside of Australia, Japan and any other jurisdiction in which offers or sales of the Bonds would be prohibited by applicable law.

The information contained in this announcement is for information purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not contain or constitute or form part of, and should not be construed as, an offer or invitation to sell, or the solicitation of an offer to buy or subscribe for, any securities.

The distribution of this announcement and the offer and sale of the securities referred to herein may be restricted by law in certain jurisdictions and persons reading this announcement should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States, Australia, Canada or Japan or in any jurisdiction in which offers or sales of the securities referred to herein would be prohibited by applicable laws. The securities referred to herein have not been and will not be registered under the Securities Act, or the laws of any state within the United States or under the applicable securities laws of Australia, Canada or Japan, and may not be offered or sold in the United States, unless registered under the Securities Act or offered and sold in a transaction exempt from, or not subject to, the registration requirements of the Securities Act. The securities referred to herein are being offered and sold only outside the United States in 'offshore transactions' as defined in and in accordance with Regulation S under the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. There will be no public offer of the securities referred to herein in the United States, Australia, Canada or Japan.

The offer referred to herein when made in member states of the European Economic Area (the '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 (the 'Qualified Investors')). For these purposes, the expression 'Prospectus Directive' means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive), and includes any relevant implementing measure in the relevant member state and the expression '2010 PD Amending Directive' means Directive 2010/73/EU.

In the United Kingdom, this announcement is directed only at, Qualified Investors (i) 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, as amended (the 'Order') or (ii) who fall within Article 49(2)(a) to (d) of the Order, and (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as 'Relevant Persons'). This announcement must not be acted on or relied on (i) in the United Kingdom, by persons who are not Relevant Persons, and (ii) in any member state of the EEA other than the United Kingdom, by persons who are not Qualified Investors.