bfw liegenschaften ag announced that the board of directors proposed to pay out part of the distribution by share payment through these treasury shares. In addition, a proposal will be submitted to the Annual General Meeting to pay out a cash component of CHF 0.56 per registered share category A and of CHF 0.056 per registered share category B. Calculated illustratively and based on the year-end share price 2012 of CHF 26.60 per registered shares category A, shareholders would receive through the distribution of treasury shares a value per registered share category A of CHF 0.64 and per registered share category B of CHF 0.064.