BUWOG AG - application of new IFRS 15 rules in Property Development starting in the 2018/19 financial year

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 40 / 40

Date of issue: 2018-04-19

Short name of the issuer

BUWOG AG

Subject

application of new IFRS 15 rules in Property Development starting in the 2018/19 financial year

Official market - legal basis

Unofficial market - legal basis

Contents of the report:

• Outlook for Recurring FFO of EUR 150 million for FY 2018/19 based on the previous accounting rules confirmed • In addition – expected positive impact on Recurring FFO of around EUR 30 million as a result of the new regulations required for BUWOG • At the same time, expected dilutive effect on Recurring FFO per share through the acquisition of around 12 million new BUWOG shares by majority shareholder Vonovia SE from the conversion of the convertible bond

Annexes

File Description

2018_04_19_PM_BUWOG_POC_IFRS15_final EN.pdf application of new IFRS 15 rules in Property Development starting in the 2018/19 financial year

BUWOG AG

(fullname of the issuer)

BUWOG AG

(short name of the issuer) (sector according to clasification of the WSE in Warsow)

1130 Wiedeń

(post code) (city)

Hietzinger Kai 131

(street) (number)

[phone] [phone]

(phone number) (fax)

(e-mail) (web site)

ATU68290645

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2018-04-19 Holger Lüth Managing Director IR and Corporate Finance