UBM Development AG: Publication pursuant to Section 2 of the Publication Regulation (Veröffentlichungsverordnung) 2002

Wien (pta037/23.05.2017/16:50 UTC+2) Non-binding English convenience translation

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 136th ordinary shareholders' meeting of UBM Development AG, Floridsdorfer Hauptstraße 1, 1210 Vienna, held on 23 May 2017, passed the following resolution on agenda item 11:

a) The authorisation of the Management Board granted by the shareholders' meeting on 20 May 2015 to acquire treasury shares (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 resolved by the Annual General Meeting on 20 May 2015, as well as the authorisation of the Management Board with respect to the disposal respectively utilisation of treasury shares (own shares) pursuant to Section 65 para 1b Stock Corporation Act is revoked.

b) The Management Board is authorised by the shareholders' 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 %, taking into account shares in the Company previously acquired. The consideration per share must not be lower than EUR 3.00 and must not exceed the average of the unweighted closing price on the ten stock exchange trading days preceding an acquisition by more than 10%. Any acquisition may be carried out via the stock exchange or 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 proportional rights of disposal of shareholders, which may arise in the context of such acquisition (exclusion of reverse subscription rights). Furthermore, the Management Board is authorised to determine the conditions of any acquisition, whereby it shall publish its relevant resolution and the repurchase programme based thereon, including its duration, in accordance with the applicable legal requirements. This authorisation may be performed in full or in part or in several tranches and for one or several purposes by the Company or a subsidiary pursuant to Section 189a of the Entrepreneurial 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 dispose of or use treasury shares (own shares) of the Company by other means than via the stock exchange or a public offer. The authorisation may be used fully or in part, also in several tranches and for one or more purposes. The proportional right of disposal of shareholders or use by means other than via the stock exchange or by way of a public offer is excluded (exclusion of subscription right).

d) The Management Board is authorised, without further approval by the shareholders' meeting, to cancel treasury shares with the approval of the Supervisory Board. The Supervisory Board is authorised to resolve on amendments to articles of association resulting from a cancellation of shares.

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Emitter:	UBM Development AG Floridsdorfer Hauptstraße 1 1210 Wien Austria
Contact Person:	Mag. Milena Ioveva
Phone:	+43 50-626-1763
E-Mail:	milena.ioveva@ubm.at
Website:	www.ubm.at
ISIN(s):	AT0000815402 (Share) AT0000A185Y1 (Bond) DE000A18UQM6 (Bond)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade); Free Market in Frankfurt (Scale)