UBM Realitätenentwicklung AG: Merger of PIAG Immobilien AG and UBM Realitätenentwicklung Aktiengesellschaft

Vienna (pta024/01.12.2014/17:45 UTC+1) -
* Merger planned for the first quarter of 2015
* Extra-ordinary general meetings to take place on January 14/15, 2015
* Exchange ratio planned to be at about 37 UBM shares for every 100 PIAG shares held

As already announced, PIAG Immobilien AG ("PIAG") as transferring company and UBM Realitätenentwicklung Aktiengesellschaft ("UBM") as absorbing company plan to merge in the first quarter of 2015. The boards of the companies plan to call an extra-ordinary general meeting of PIAG on January 14, 2015 and an extra-ordinary general meeting of UBM on January 15, 2015 to resolve on the merger.

Subject to approval by the respective supervisory board and general meeting, the exchange ratio is planned to be about 37 UBM shares for every 100 PIAG shares held, i.e., shareholders holding PIAG shares receive on the effective date of the merger (registration of the merger with the Austrian register of companies) about 37 UBM shares (ISIN AT0000815402) ("UBM-shares") for every 100 PIAG shares held (ISIN AT0000A1A5K1).

Shareholders of PIAG will receive UBM shares, which already carry full dividend entitlement for the fiscal year 2014.

Publication of the draft merger agreement, the joint report of the managing boards of PIAG and UBM on the merger as well as the other legally required documents is expected to occur on December 12, 2014.

Questions:
Heribert Smolé, CFO
UBM Realitätenentwicklung Aktiengesellschaft
Tel.: +43 (0)50 626-1488
heribert.smole@ubm.at

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Emitter:	UBM Realitätenentwicklung AG Floridsdorfer Hauptstraße 1 1210 Wien Austria
Contact Person:	Dir. Prok. Rolf Petersen
Phone:	+43 50-626-1199
E-Mail:	rolf.petersen@ubm.at
Website:	www.ubm.at
ISIN(s):	AT0000815402 (Share) AT0000A0G231 (Bond) AT0000A0QR71 (Bond) AT0000A185Y1 (Bond)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade); Free Market in Frankfurt (Basic Board)