UBM Development AG: Announcement according to article 93 section 2 BörseG

Vienna (pta024/28.01.2016/15:20 UTC+1) The Management Board of UBM Development AG announces that Ortner Group and Strauss Group informed them on the 27 January 2016 of the following matter:

In relation to the Issuer UBM Development AG, Vienna ("UBM"), and its shares with voting rights which are admitted to the Official Market at the Vienna Stock Exchange (ISIN AT0000815402) ("UBM Shares"), we hereby announce the following on behalf of the Syndicate (as defined below) in accordance with Section 92a para 1 in conjunction with Sections 91 et seq. Stock Exchange Act:

UBM is controlled by a syndicate (the "Syndicate"), consisting of the Ortner Group (which in turn consists of Ortner Beteiligungsverwaltung GmbH, Ortner Ges.m.b.H., Haustechnische Gesellschaft für Sanitär-, Wärme- und lufttechnische Anlagen Gesellschaft m.b.H., IGO Industries GmbH (formerly: IGO Immobiliengesellschaft mit beschränkter Haftung), IGO Construction GmbH (formerly: IGO Baubeteiligungs GmbH) and Mr Klaus Ortner) and of the Strauss Group (which in turn consists of SuP Beteiligungs GmbH, AIM Industrieholding und Unternehmensbeteiligungen GmbH, PROSPERO Holding GmbH, PROSPERO Privatstiftung and Mr Karl-Heinz Strauss).

With reference to the announcements pursuant to Sections 91 et seq. Stock Exchange Act made by us on 01 June 2015 and 12 May 2015 and published by UBM on 02 June 2015 and 12 May 2015 in accordance with Section 93 para 2 Stock Exchange Act , we hereby announce that:
* As of 02 December 2015 SuP Beteiligungs GmbH transferred financial instruments pursuant to Section 91a Stock Exchange Act for the purchase of up to 67,310 UBM Shares to PROSPERO Privatstiftung , corresponding to around 0.90% of the share capital and voting rights in UBM; and
* PROSPERO Privatstiftung, by exercising these financial instruments, acquired 67,310 UBM Shares as of 02 December 2015; this corresponds to around 0.90% of the share capital and voting rights in UBM (the "2015 Option Shares").

As of 02 December 2015, the Ortner Group and the Strauss Group thereby held a total of 2,901,961 UBM Shares, corresponding to around 38.84% of the share capital and voting rights in UBM. Furthermore, a further 53,531 UBM Shares held by PORR AG and a subsidiary of PORR AG (EPS Absberggasse 47 Projektmanagement GmbH) had to be attributed to the Syndicate in accordance with Section 92 Stock Exchange Act because the Syndicate also has control over PORR AG. In addition, the Ortner Group (namely Klaus Ortner and Ortner Ges.m.b.H.) continued to hold a total of 379,971 UBM Shares as of 02 December 2015, which correspond to approximately 5.09% of the share capital and voting rights in UBM.

With regard to the voting rights from UBM Shares held and attributable in accordance with Section 92 Stock Exchange Act, as of 02 December 2015 the Syndicate and its members thereby held 3,402,773 voting rights from UBM Shares under inclusion of the 2015 Option Shares, corresponding to around 45.54% of the share capital and voting rights in UBM and had thereby reached respectively exceeded the 45% threshold in accordance with Section 91 Stock Exchange Act as of 02 December 2015, whereby this threshold had already been exceeded prior to 02 December 2015 under inclusion of the financial instruments to purchase the UBM Shares pursuant to Section 91a Stock Exchange Act.

Furthermore, as of 02 December 2015, SuP Beteiligungs GmbH held options, and thereby financial instruments in accordance with Section 91a Stock Exchange Act for the purchase of up to 67,310 UBM Shares (the "2016 Option Shares"), corresponding to around 0.90% of the share capital and voting rights in UBM. The UBM Shares that are subject to these options could be purchased by SuP Beteiligungs GmbH in 2016 under the agreed call option and sold to SuP Beteiligungs GmbH under the agreed put option. SuP Beteiligungs GmbH had the right to exercise the call option between 8am on 1 January 2016 and 4pm on 30 November 2016. In accordance with the put options, the UBM Shares related to the option could be sold to SuP Beteiligungs GmbH in the period between 8am on 1 December 2016 and 4pm on 31 December 2016.

In the absence of reaching, exceeding or falling below the thresholds of Section 91 Stock Exchange Act (based on the disclosed participation structure in accordance with Sections 91 et seq. Stock Exchange Act submitted to the Financial Markets Authority on 28 April 2015 and published by UBM on the same day in accordance with Section 93 Paragraph 2 Stock Exchange Act), there is no distinct reporting obligation of SuP Beteiligungs GmbH or the Syndicate for the financial instruments for the purchase of UBM shares in accordance with Section 91a Stock Exchange Act due to the purchase of the 2015 Option Shares. This also applies to the aggregation of the voting rights resulting from Sections 91 to 92 Stock Exchange Act in accordance with Section 91b para 1 Stock Exchange Act (= voting rights from UBM Shares held and allocable and from financial instruments for the purchase of UBM Shares).

As confirmed in writing to the Financial Markets Authority on 15 January 2016, no reporting threshold in accordance with Sections 91 to 92 Stock Exchange Act was affected by the purchase of 61,389 2016 Option Shares by members of the Syndicate, which has been concluded in the meantime, or by the sale to third parties of financial instruments for the purchase of 5,921 UBM Shares by SuP Beteiligungs GmbH.
This announcement is issued as a single joint announcement by the Syndicate and its members in accordance with Section 5 para 3 Transparency Regulation.

Yours faithfully,

ORTNER Group
STRAUSS Group

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Emitter:	UBM Development AG Floridsdorfer Hauptstraße 1 1210 Wien Austria
Contact Person:	Dr. Julia Kozielski
Phone:	+43 50-626-3827
E-Mail:	julia.kozielski@ubm.at
Website:	www.ubm.at
ISIN(s):	AT0000815402 (Share) AT0000A0QR71 (Bond) AT0000A185Y1 (Bond) DE000A18UQM6 (Bond)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade); Free Market in Frankfurt (Basic Board)