solidare real estate holding plc: solidare with net profit in first half 2016

Malta (pta006/30.09.2016/08:40 UTC+2) September 30, 2016: solidare real estate holding plc ("solidare") (MT0000580101
/ A1JGT0 / SRH) closed the first half of 2016 with positive earnings. In the first half year,
ending 30 June 2016, the company, which specializes in the highly promising market for
micro apartments, generated a net profit of EUR 4.3m.

"Solidare's first mid-year report as a listed company is another milestone on the road to
becoming the leading "go-to place" for micro apartments," explained Zeki Yigit, CEO of
solidare.

Since the operating assets of solidare real estate holding GmbH were acquired below their
current value, solidare realized a profit of EUR 4.7m, resulting in a consolidated profit of
EUR 4.3m during the reporting period. Due to the takeover at the end of the first half year
2016, the operational business did not contribute to the result yet.

As of June 30, 2016, solidare has a balance sheet total of EUR 67.5m, 74% of which was
represented by their real estate portfolio of EUR 49.9m. These assets are reflected by EUR
45.1m in equity and EUR 12.8m in financial debt.

The entire half year report is available at www.solidare.de, Investor Relations.

IR contact

Torsten Graf
NewMark Finanzkommunikation GmbH
Zum Laurenburger Hof 76
DE-60594 Frankfurt

Tel: +49 / 69 / 94 41 80 - 64
Fax: +49 / 69 / 94 41 80 - 19
E-mail: ir@solidare.com
www.solidare.de

About solidare

solidare real estate holding plc. is a listed real estate company that specializes in the growth market of microapartments, predominantly in Germany. Microapartments are furnished residential units with a floor area of between 20 and 50 m^2, which are mainly rented by singles, students, commuters and the elderly. The principal shareholder and CEO Zeki Yigit has been involved in real estate development for more than 15 years. Solidare covers the entire valuecreation chain from real estate identification, the structuring of the acquisition and financing, the planning and execution of the construction or conversion activities, marketing, ongoing administration and facility management. The Group pursues a dedicated growth strategy that aims at consolidating the market segment and enhancing efficiency by exploiting the comprehensive nature of the internal service portfolio.

Disclaimer:

This release may contain forwardlooking statements based on current assumptions and forecasts made by the management of solidare or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of solidare and its affiliated companies and the estimates given here. Neither solidare nor its affiliated companies assume any liability to update these forward looking statements or to adapt them to future events or developments.

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Emitter:	solidare real estate holding plc 168 St. Christopher Street VLT 1467 Valletta Malta
Contact Person:	Torsten Graf
Phone:	+49 69 94 41 80 - 64
E-Mail:	ir@solidare.com
Website:	www.solidare.de
ISIN(s):	MT0000580101 (Share)
Stock Exchange(s):	Free Market in Frankfurt (Basic Board)