DGAP-News: Scout24 AG / Key word(s): Miscellaneous/Financing Scout24 AG: Scout24 uses its positive financial position for a voluntary prepayment of its bank loan 06.04.2016 / 15:11 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Scout24 uses its positive financial position for a voluntary prepayment of its bank loan - EUR 40 million loan repayment - EUR 1.5 million p.a. interest saving Berlin / Munich, 6 April 2016 - Due to its positive financial position Scout24 AG ("Scout24" or "the Group"), the leading operator of digital marketplaces specializing in the real estate and automotive sectors in Germany and other selected European countries, has decided to make a voluntary repayment towards its bank loan of EUR 40 million. The repayment has reduced the total band debt from EUR 781.0 million to EUR 741.0 million. Consequently, the annual interest expense will be reduced by EUR 1.5 million. Moreover, the repayment also underlines the strong financing capacity of Scout24's operating activities, which can also be used for further debt reductions in the future. Scout24 is hereby improving its capital structure as well as its financing costs and is taking another step towards its target leverage ratio (ratio of ordinary operating EBITDA of the last twelve months to net debt) of 2.50:1. About Scout24 Scout24 operates leading digital classifieds platforms in Germany and other selected European countries. The main operations under the umbrella brand Scout24 are the digital marketplaces ImmobilienScout24 and AutoScout24. ImmobilienScout24 is the leading digital real estate classifieds platform in Germany, based on consumer traffic and time spent as well as customer numbers and listings. AutoScout24 is a leading automotive digital classifieds platform in Europe, in terms of unique monthly visitors and listings. Scout24's digital marketplaces are empowering people to realise their property and car-owning dreams simply, efficiently and stress-free. Further information is available at www.scout24.com. Investor Relations contact Britta Schmidt Vice President Investor Relations & Treasury Tel.: +49 89 44456 3278 Email: [email protected] Press contact Svenja Lahrmann Instinctif Partners Tel.: +49 221 42075 23 Email: [email protected] Disclaimer: This document has been issued by Scout24 AG (the "Company" and, together with its direct and indirect subsidiaries, the "Group")) and does not constitute or form part of and should not be construed as any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision, nor does it constitute a recommendation regarding the securities of the Company or any present or future member of the Group. The information contained in this press release is subject to amendment, revision and updating. Certain statements, beliefs and opinions in this document are forward-looking, which reflect the Company's or, as appropriate, senior management's current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Statements contained in this document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any information contained in this press release (including forward-looking statements), whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this document. --------------------------------------------------------------------------- 06.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Scout24 AG Dingolfinger Str. 1 - 15 81673 Munich Germany Phone: +49 89 44456 - 0 Fax: +49 89 44456 - 3000 E-mail: [email protected] Internet: www.scout24.com ISIN: DE000A12DM80 WKN: A12DM8 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 451801 06.04.2016