STRABAG : increases its stake in Raiffeisen evolution to 100 percent

Press Release Investor Information

STRABAG increases its stake in Raiffeisen evolution to 100 percent

Contact

STRABAG SE

Diana Neumüller-Klein

Head of Corporate Communications

& Investor Relations Tel. +43 1 22422-1116

diana.klein@strabag.com

• Stake until now 20 %

• Focus of Raiffeisen evolution on the development of residential real estate in Austria

Vienna, 16 September 2016 STRABAG continues to strengthen its market position in the field of residential project development in Austria. Pending approval by the Supervisory Boards of

STRABAG SE and RZB, the company will increase its interest in Raiffeisen evolution, Vienna, from 20 % to 100 %.

"The demand for residential real estate in Austria - especially in Vienna and Graz - remains as high as ever. With the 100 % takeover of Raiffeisen evolution, we are further strengthening our successful activities in this very promising business field," says Thomas Birtel, CEO of STRABAG SE, explaining the strategic background of the transaction.

About Raiffeisen evolution

Raiffeisen evolution project development GmbH is one of Austria's leading project development companies. Founded in the year 2003, the company's ownership structure had previously been: Raiffeisen Zentralbank AG (40 %), UNIQA Insurance Group AG (20 %), Raiffeisen-Holding Niederösterreich-Wien reg.Gen.m.b.H (20 %) and STRABAG AG, Austria (20 %). After focusing its activities on selected countries in Central and Eastern Europe, Raiffeisen evolution in recent years has begun concentrating increasingly on the Austrian market. For this reason, for example, STRABAG had taken over the Bucharest-based development team from Raiffeisen evolution in September 2015. Today the company has approximately 50 employees working primarily on project developments in the fields of residential and commercial construction.

Project development in the STRABAG Group

In Germany, STRABAG is not only one of the most successful but also one of the biggest project development companies. In Austria, the group is known for affordable housing through its subsidiary Mischek. Local branches of the group in Poland, Romania and Luxembourg are also active in the real estate development business. Since entering the development market in 1965, the group has

developed about 450 properties with a total value of more than

€ 6 billion. Projects include renowned properties such as the four-time real estate award winner Dancing Towers in Hamburg, MILANEO in Stuttgart and ASTORIA in Warsaw.

STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our services span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by our specialised entities integrating the most diverse services and assuming responsibility for them. We bring together people, materials and machinery at the right place and at the right time in order to realise even complex construction projects - on schedule, of the highest quality and at the best price. The hard work and dedication of our 73,000 employees allow us to generate an annual output volume of about € 14 billion. At the same time, a dense network of numerous subsidiaries in many European countries and, increasingly, on other continents is helping to expand our area of operation far beyond the borders of Austria and Germany. More information is available at www.strabag.com.