DGAP-News: BUWOG AG

BUWOG AG

Notice

pursuant to section 15 of the terms of issue of the EUR 300,000,000 bonds that carry no interest due 2021 with a conversion right to ordinary bearer shares without par value of BUWOG AG (the "Convertible Bonds")

ISIN: AT0000A1NQH2

On 16 March 2018 Vonovia SE has published, pursuant to section 19 paragraph 2 of the Austrian Takeover Act, the result of the voluntary public offer aimed to acquire control pursuant to section 25a of the Austrian Takeover Act addressed to the holders of securities of BUWOG AG (the "Offer") in the official gazette of the Wiener Zeitung newspaper (Amtsblatt zur Wiener Zeitung). Pursuant to section 19 paragraph 3 of the Austrian Takeover Act, , the acceptance period regarding the Offer is extended upon publication of the result of the Offer. Pursuant to section 12 (e) (iii) of the terms of issue of the Convertible Bonds, change of control takes place on 16 March 2018.

Pursuant to section 12 (e) of the terms of issue of the Convertible Bonds, BUWOG AG sets as Control Record Date (Kontrollstichtag) Friday, 27 April 2018. Every holder of Convertible Bonds is entitled to terminate all or some of his or her Convertible Bonds that have not been converted yet within 10 (ten) days effective on the control record date. Furthermore, holders of Convertible Bonds may convert their Convertible Bonds at the adjusted conversion price from the day of change of control until and including Friday, 27 April 2018 (control record date).

The adjusted conversion price amounts to EUR 25.10. The adjusted conversion price shall apply until and including Friday, 27 April 2018 (date of conversion day pursuant to section 8 (b) (iv) of the terms of issue of the Convertible Bonds).

Vienna, in March 2018