DGAP-News: ADO Properties S.A. / Key word(s): Half Year Results ADO Properties S.A. concludes first half of 2016 with significant earnings growth 17.08.2016 / 07:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ADO Properties S.A. concludes first half of 2016 with significant earnings growth - Significant increase in income from rental activities (+46%) and FFO1 (+51%) - Substantial like-for-like rental growth of 5.2% - Vacancy rate significantly reduced to 2.8% (31 December 2015: 4.0%) - Net asset value per share increased by 14% to EUR 27.55 as of 30 June 2016 (31 December 2015: EUR 24.10) - Additional successful portfolio acquisition after the reporting date expands portfolio to 18,600 units - Jörn Stobbe FRICS replaces Jörg Schwagenscheidt as a board member Berlin, 17 August 2016 - ADO Properties S.A., the only Prime Standard- listed residential real estate company that is focused solely on Berlin, concludes the first half of 2016 with significant earnings growth. Key operating performance indicators show stable growth ADO Properties' income from rental activities increased year on year by 46% to EUR 41.8 million (H1 2015: EUR 28.6 million). The rise was primarily due to additional acquisitions and like-for-like rental growth of 5.2% over the last twelve months. EBITDA from rental activities rose by 41%, from EUR 21.1 million in the first half of 2015 to EUR 29.7 million. The earnings in the second quarter of 2016 correspond to annualised total EBITDA of more than EUR 61 million. FFO1 (excluding income from disposals) increased by 51% to EUR 19.9 million during the first six months of 2016, following EUR 13.1 million in the corresponding period of the previous year. Comparing Q2 2016 to Q1 2016 FFO1 increased by 11%. By the end of the reporting period, the average in-place rent in the residential portfolio had increased to EUR 5.92 per sqm (31 December 2015: EUR 5.82). This corresponds to a like-for-like rental growth of 5.2% as of 30 June 2016. The company succeeded in further reducing the vacancy rate in the residential portfolio to 2.8% (31 December 2015: 4.0%) by the end of the second quarter. Most recent portfolio acquisition expands portfolio to 18,600 units The company's property portfolio has continued to grow substantially since the start of the year. The company took over 1,023 units in Berlin in the reporting period and another 1,900 units shortly thereafter. ADO Properties' portfolio value amounted to EUR 1.74 billion as of 30 June 2016. In total, the portfolio consisted of 16,700 units, including 15,700 residential units as of the reporting date. As of 30 June 2016, the net asset value of the company increased to EUR 1,060 million or EUR 27.55 per share. The company's financing structure remains conservative with a LTV of 40.3% as of 30 June 2016 and an average interest on loans of 1.97% p.a. Nearly all loans have a fixed interest rate or are hedged accordingly, with an average remaining maturity of c. 6 years. Positive outlook for the 2016 financial year confirmed "In June 2016, we had the privilege to get together with all our employees and many business partners to celebrate the tenth anniversary of our company's founding. The results of the first half of 2016 demonstrate that we continue our growth path in our anniversary year. However, growth is not a stand-alone goal; it must always go hand in hand with solid operating performance. Through our recent portfolio acquisitions, we were able to deploy a significant part of our liquidity and ensured further upside potential," said Rabin Savion, CEO of ADO Properties. "In light of the solid performance in the first six months of 2016, we are able to confirm our like-for-like rental growth target of at least 5% for the full financial year 2016 and continue to expect an FFO1 run rate of at least EUR 50 million at the end of the 2016." Board of Directors: Jörn Stobbe appointed as new non-executive director As of 1 September 2016 Jörn Stobbe FRICS (51) will be appointed as non- executive director in the board of directors of ADO Properties S.A. He replaces Jörg Schwagenscheidt who has resigned from his position by mutual consent. Jörn Stobbe, a qualified banker (Bankkaufmann) and solicitor, was previously a partner at the law firm Clifford Chance, one of Germany's leading law firms for real estate. He is also active as Chairman of the Board of the Royal Institution of Chartered Surveyors, first in Germany and now in Europe, and as a Board member of the Initiative Corporate Governance of the German Real Estate Industry.

Key Figures         30.06.16   30.06.15  Difference       Difference
                                         absolute         percentage
Income from rental  41,746     28,607    13,139           45.9%
activities, in
thousands EUR
EBITDA from rental  29,734     21,099    8,635            40.9%
activities, in
thousands EUR
EBITDA, in          31,271     21,822    9,449            43.3%
thousands EUR
FFO 1 from rental   19,855     13,138    6,717            51.1%
activities
in thousands EUR
FFO 1 per share,    0.55       0.53      0.02             3%
EUR
FFO 2 (incl.        21,392     13,861    7,531            54.3%
disposal results),
in thousands EUR

Key Figures         30.06.16   31.12.15  Difference       Difference
                                         absolute         percentage
EPRA NAV, in        1,060,680  843,621   217,059          25.7%
thousands EUR
EPRA NAV per        27.55      24.10     3.45             14.3%
share, EUR
LTV, in percent     40.3%      43.6%                      -7.6%
Fair value of       1,739      1,502
properties, MEUR
Residential Units   15,749     14,856
In-place-rent       5.92       5.82
residential EUR/
sqm/month
Vacancy rate        2.8%       4.0%
residential
percent
Rent for new        7.68       7.63
letting, EUR/sqm/
month
Maintenance and     26.7       20.8
CAPEX per sqm p.a.

About ADO Properties ADO Properties is a Berlin-based company active exclusively in the residential real estate sector and owning a property stock of 18,600 units. The company operates an entirely integrated, scalable in-house platform that includes a dedicated property administration. In addition to being accountable for the condition of its apartments and buildings, ADO Properties assumes responsibility for the people who live in them, its own employees and the surrounding environment. The portfolio of ADO Properties is concentrated in central locations inside Berlin's rapid-transit circle line and attractive districts on the city's periphery. --------------------------------------------------------------------------- 17.08.2016 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. 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), Luxembourg; Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 493295 17.08.2016