ADO Properties S.A. / Key word(s): Contract/Real Estate 20.07.2016 08:52 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Berlin, 20 July 2016 - ADO Properties S.A. (the "Company") has entered into agreements to purchase in total 1,905 units in Berlin of which 1,877 are residential units and 28 are commercial units. The acquisitions were structured as share deals in which ADO Properties acquires approx. 95% of the shares in several German and Luxembourg entities. The purchase price for 100% of the acquired assets amounts to EUR 218 million. Closing of the transactions is expected to occur until the end of August 2016. The assets are located in the districts of Schöneberg, Wilmersdorf and Neukölln. The acquired residential portfolios have in-place rents between EUR 6.2 sqm/month to EUR 6.9 sqm/month and vacancy rates below 1.0%. The Company expects new letting rents between EUR 7.3 sqm/month and EUR 9.6 sqm/month for the inner-city locations, reflecting reversionary potential in the range of 17% to 38%. Few buildings are in the medium term planned for privatization. The total annual net cold rent from the portfolios at purchase amounts to EUR 10.2 million. The Company estimates that the portfolios will contribute to our annual FFO1 (from rental activities) based on our targeted loan-to-value (LTV) of 50% in an amount of EUR 6.9 million at acquisition. The Company expects no material impact on net asset value (NAV) per share at acquisition and due to the characteristics of the acquired assets and their micro-locations we see good growth potential in the future. 20.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: ADO Properties S.A. 20 rue Eugène Ruppert L-2453 Luxembourg Grand Duchy of Luxembourg Phone: +352 26 493 412 Fax: +352 27 860 722 E-mail: [email protected] Internet: www.ado.immo ISIN: LU1250154413 WKN: A14U78 Indices: SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------