conwert Immobilien Invest SE: Announcement: Takeover offer by Vonovia succeeds

Vienna (pta039/19.12.2016/18:35 UTC+1) In accordance with section 4 et seq. of the Austrian Takeover Act, Vonovia SE ("Vonovia") published a voluntary takeover offer (the "Offer") on 17 November 2016 to acquire all of the shares in conwert Immobilien Invest SE ("conwert", ISIN AT0000697750). Shareholders could accept the Offer up to and including 19 December 2016, 5pm Vienna time.

By the end of the acceptance period, the legal minimum acceptance threshold of 50% of the shares outstanding plus one share has been surpassed. The takeover offer has thereby succeeded.

For conwert shareholders who have not yet accepted the offer, the acceptance period has been extended in accordance with section 19 paragraph 3 (2) of the Austrian Takeover Act by a period of three months from the announcement of the final results ("grace period"). The grace period is likely to start on 23 December 2016 and run until 23 March 2017, 5pm Vienna time.

The shares that were tendered during the first acceptance period are set to be processed in mid-January 2017. Shareholders who tender their shares during the grace period are likely to receive their consideration at the start of April 2017.

Rolf Buch, CEO of Vonovia SE, says: "The takeover will yield benefits for the shareholders and tenants of both companies. I look forward to cooperating with the conwert management to achieve the seamless integration of our business processes".

Dr. Alexander Proschofsky, Chairman of the Administrative Board of conwert, adds: "The majority of our shareholders have decided to support the merger with Vonovia, thereby developing conwert's potential under a new roof".

Following evaluation of the offer document, the Administrative Board of conwert recommended that shareholders accept the cash offer. Vonovia supports the value-add strategy that conwert is pursuing.

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This report contains forward-looking estimates and statements that were made on the basis of the information available at this time. Forward-looking statements reflect the point of view at the time they are made. We would like to point out that the actual circumstances and, consequently, the actual results realised at a later date may differ from the forecasts presented in this report for a variety of reasons.

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Emitter:	conwert Immobilien Invest SE Alserbachstraße 32 1090 Vienna Austria
Contact Person:	Clemens Billek
Phone:	+43 1 52145-700
E-Mail:	cwi@conwert.at
Website:	www.conwert.at
ISIN(s):	AT0000697750 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)