Press Release Investor Information

Raiffeisen evolution renamed STRABAG Real Estate GmbH

Contact

STRABAG Real Estate GmbH Timo Haep

Press Officer/Head of Communications

Tel. +49 221 824-2137

presse.sre@strabag.comwww.strabag-real-estate.com

STRABAG Real Estate GmbH Christine Gumpoldsberger

PR Manager Austria Tel. +43 1 71706-257

presse.sre@strabag.comwww.strabag-real-estate.at

Vienna, 16 January 2017 The management of Raiffeisen evolution project development GmbH today announced that the company had been renamed STRABAG Real Estate GmbH (SRE). The new name has already been entered into the company register, said managing director Gerald Beck. The seat of the new SRE in Austria is Vienna. The name change follows the STRABAG Group's increase of its stake in Raiffeisen evolution from 20 % to 100 % in September 2016. SRE Austria will focus primarily on the development of high-quality sustainable residential real estate throughout the country. Beck emphasised that this business will see further expansion in the future.

For Thomas Hohwieler, managing director of STRABAG Real Estate in Germany and head of the Real Estate Development division at STRABAG, the name change is a logical next step: "STRABAG Real Estate already is one of the leading project development firms in Germany and Europe. Integrating the new company in our Real Estate Development division and changing the name to STRABAG Real Estate further strengthens our already good brand position."

STRABAG Real Estate GmbH (SRE) is one of the leading project developers in Germany and Europe and a member of the corporate group STRABAG SE, a European-based technology group for construction services and a leader in innovation and financial strength. Headquartered in Cologne, SRE also maintains offices at nine further locations in Germany as well as in Poland, Austria and Romania. SRE Austria, with its head office in Vienna, is the legal successor of Raiffeisen evolution. The company is a specialist in the development of high-quality sustainable residential real estate. Current projects include K7, Two in One and SQUARE PLUS. 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 more than 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.

Strabag SE published this content on 16 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 January 2017 10:30:00 UTC.

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