WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Corporate Action/Real Estate 20.06.2016 14:05 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- WCM resolves non-cash capital increase to acquire a retail park in Straubing Frankfurt, 20. Juni 2016 - Today the Management Board of WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) with the approval of the Supervisory Board resolved a capital increase against contribution in kind from authorised capital to acquire a retail park in the Bavarian city of Straubing. In total the Company issued 10,000,000 new no-par value ordinary bearer shares under the exclusion of existing shareholders' subscription rights for a price of 2.80 Euro per share. The Company's issued share capital increases to 130,772,500 Euro or 8.3%. The contribution in kind consists of a 94.9% share in a retail park. The purchase price for the retail park with a total rental space of 35,178 square metres is EUR 54.8 million. The purchase price consists of EUR 28,0 million of newly issued equity and the assumption of net debt of EUR 25,5 million. The current rental income of the acquired asset is roughly EUR 3.4 million. The new shares from the non-cash capital increase have full profit participation rights as of January 1, 2016 and are not subject to a lock-up agreement. The newly issued shares are scheduled to be included to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), as well as on the stock exchanges Hamburg and Stuttgart at short notice on the basis of a securities prospectus which is expected to get approved by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) in the course of today. --------------------------------------------------------------------------- Information and Explanation of the Issuer to this News: EXPLANATORY PART With the acquisition of the retail park WCM is successfully continuing its dynamic portfolio expansion. The average occupancy rate of the asset is around 88 percent with an average length of 4.9 years. Among the anchor tenants are Adler Modemarkt, Ernsting's Family, Kaufland, KIK, NKD, Norma and Rossmann as well as a medical centre. The retail park is offering 942 parking lots. Based on the net purchase price, the rental yield is 6.2 percent implied. The financing is targeted with a Loan-to-Value (LTV) of around 46 percent, representing an FFO yield of c. 9 percent with the expected Funds from Operations (FFO) of EUR c. 2.5 million. This transaction will result in an immediate increase in Net Asset Value and FFO both in total and on a per share basis. The overall LTV will be further reduced. About WCM AG WCM Beteiligungs- und Grundbesitz-AG (WCM AG), with headquarters in Frankfurt am Main, is a specialised commercial real estate company. As a real estate proprietor, the focus is on long-term rental of high-quality office and retail properties in the major office locations in Germany. Since the operational restart in 2014, WCM AG has focused on an extensive network for the acquisition of properties as well as on value-creating asset management, in order to generate attractive long-term rental income and a steady cash flow. The portfolio has a gross asset value of more than EUR 530 Mio. The company has extensive loss carry forwards in corporate and commercial tax. Shares of WCM AG are listed in the SDAX of Deutsche Boerse since 21 December 2015. Press contact: edicto GmbH Axel Mühlhaus/ Dr. Sönke Knop +49 (0) 69-905505-51 [email protected] 20.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: WCM Beteiligungs- und Grundbesitz-AG Bleichstr. 64-66 60313 Frankfurt am Main Germany Phone: +49 (0)30 8870 476-10 Fax: +49 (0)30 8870 476-20 E-mail: Internet: www.wcm.de ISIN: DE000A1X3X33, SDAX WKN: A1X3X33 Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Stuttgart; Regulated Unofficial Market in Munich End of Announcement DGAP News-Service ---------------------------------------------------------------------------