UBM Development AG: Publication pursuant to Section 2 of the Publication Regulation (Veröffentlichungsverordnung) 2018

Wien (pta041/03.06.2019/16:45 UTC+2) Revocation of the existing authorisation of the Management Board to acquire treasury shares (own shares) and to dispose treasury shares (own shares), combined with the new authorisation of the Management Board to acquire treasury shares (own shares) and to dispose treasury shares (own shares) as well as to redeem treasury shares (own shares)

The 138th ordinary shareholders' meeting of UBM Development AG, Laaer Berg Straße 43, 1100 Vienna, held on 29 May 2019, passed the following resolution on agenda item 8:

a) The authorisation of the Management Board granted by the Annual General Meeting on 23 May 2017 to acquire own shares pursuant to Section 65 para 1 no 4 and no 8 as well as para 1a and para 1b Stock Corporation Act, as well as the authorisation of the Management Board to sell or use own shares pursuant to Section 65 para 1b Stock Corporation Act is revoked.

b) The Management Board is authorised by the Annual General Meeting for a period of 30 months from the date of the resolution pursuant to Section 65 para 1 no 4 and no 8 as well as para 1a and para 1b Stock Corporation Act to acquire shares in the Company up to the statutory limit of 10% of the share capital, taking into account shares in the Company previously acquired. The consideration per share to be paid on the repurchase must not be lower than Eur 3.00 and not higher than a maximum of 10% above the average of the unweighted closing price of the ten stock exchange trading days preceding the repurchase. Any acquisition may be carried out via the stock exchange or by means of a public offer or other beneficial means permitted by law, including over the counter or by means of a negotiated purchase from individual shareholders intending to sell their shares, and also with exclusion of the proportionate right of disposal that may be associated with such an acquisition (reverse exclusion of subscription rights). The Management Board is further authorised to determine the respective repurchase conditions, whereby the Management Board shall publish its relevant resolution and the respective repurchase programme based thereon, including its duration, in accordance with the statutory provisions (in each case). This authorisation may be performed in full or in part or in several tranches and for one or several purposes by the Company, by a subsidiary pursuant to Section 189a of the Austrian Commercial Code (Unternehmensgesetzbuch) or by third parties for the account of the Company. Trading in own shares as the purpose of the acquisition is excluded.

c) The Management Board is authorised for a period of five years from the date of the resolution with the approval of the Supervisory Board to sell or use own shares of the Company by other means than via the stock exchange or a public offering. The authorisation may be performed in full or in part, also in several tranches and for one or more purposes. The proportionate right of purchase of shareholders in case of sale or use by means other than via the stock exchange or by way of a public offering is excluded (exclusion of subscription right).

d) The Management Board is authorised, without further approval by the Annual General Meeting, to cancel own shares with the approval of the Supervisory Board. The Supervisory Board is authorised to resolve on amendments to the Articles of Association resulting from a cancellation of own shares.

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Emitter:	UBM Development AG Laaer-Berg-Straße 43 1100 Wien Austria
Contact Person:	Mag. (FH) Anna Vay
Phone:	+43 664 626 1314
E-Mail:	investor.relations@ubm-development.com
Website:	www.ubm-development.com
ISIN(s):	AT0000815402 (Share) AT0000A185Y1 (Bond) AT0000A1XBU6 (Bond) AT0000A23ST9 (Bond) DE000A18UQM6 (Bond) XS1785474294 (Bond)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade); Free Market in Frankfurt (Scale)