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Deutsche Annington issues hybrid capital with a total nominal value of EUR 1bn

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

  •  Transaction is the first investment-grade rated (BBB-) hybrid in the European real-estate sector
  •  Transaction significantly oversubscribed

Bochum / 11 December 2014 – Deutsche Annington Immobilien SE ('Deutsche Annington') yesterday successfully launched a EUR 1bn perpetual hybrid bond with a coupon of 4% and a first call date in 2021.

JP Morgan acted as sole book runner. Both existing and new investors showed great interest and the bond was significantly oversubscribed.

The bond is structured to receive 100% equity accounting under IFRS and 7-years of 50% equity credit from S&P.

“This very successful placement reflects Deutsche Annington’s strong credit quality and our existing strong access to international capital markets,” said Dr. A. Stefan Kirsten, CFO of Deutsche Annington. “It also clearly underlines that investors view our planned combination with Gagfah as positively as we do.”

After issuing the first rated hybrid bond in the real estate sector in April this year, this transaction is the first investment-grade rated (BBB-) hybrid in the sector in Europe and therefore sets another milestone in the market.

Contact:

Klaus Markus
Head of Corporate Communications
Phone: +49 234 314-1149
Klaus.markus@deutsche-annington.com

Thomas Eisenlohr
Head of Investor Relations
Phone: + 49 234 314-2384
Thomas.Eisenlohr@deutsche-annington.com

About Deutsche Annington
Deutsche Annington is Germany’s leading private-sector residential real estate company both in terms of portfolio value and the number of units owned. The Portfolio of Deutsche Annington comprises around 210,000 residential units. The company is present throughout Germany. Deutsche Annington has its headquarters in Düsseldorf and employs more than 3,400 people.

Additional information on Deutsche Annington’s shares:
Approval: Regulated Market / Prime Standard, Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Common code 094567408
Registered office of Deutsche Annington: Münsterstrasse 248, 40470 Düsseldorf, Germany
Business address of Deutsche Annington: Philippstrasse 3, 44803 Bochum, Germany

Important information:
This document does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Germany, Canada, Japan, or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or another exemption from, or in a transaction not subject to, the registration requirements of 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. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the securities in the United States.
In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the 'Order') or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as 'Relevant Persons'). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.
If any statements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words 'will', 'expect', 'believe', 'estimate', 'intend', 'aim', 'assume' or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of Deutsche Annington Immobilien SE and the persons acting together with Deutsche Annington Immobilien SE. Such forward-looking statements are based on current plans, estimates and forecasts which Deutsche Annington Immobilien SE and the persons acting together with Deutsche Annington Immobilien SE have made to the best of their knowledge, but which do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by Deutsche Annington Immobilien SE or the persons acting together with Deutsche Annington Immobilien SE. It should be kept in mind that the actual events or consequences may differ materially from those contained in or expressed by such forward-looking statements.
The information contained in this announcement is for background 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. The information in this announcement is subject to change.



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