BUWOG AG - Application of the newly applicable regulations of IFRS 15 in BUWOG Group

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 39 / 39

Date of issue: 2018-04-19

Short name of the issuer

BUWOG AG

Subject

Application of the newly applicable regulations of IFRS 15 in BUWOG Group

Official market - legal basis

Unofficial market - legal basis

Contents of the report:

As laid out in its Annual Report 2016/17, BUWOG Group will, on the basis of the for BUWOG Group mandatory new rules and regulations of IFRS 15, recognise sales of real estate inventories in its business area Property Development proportionally and period-based. Thus, revenues and costs of goods sold as well as contractual assets and liabilities will be recognised period-based and proportional to the duration of the respective project and its respective stage of completion (percentage-of-completion method). For its financial year 2018/19, BUWOG Group expects a positive impact – merely accountingwise - on the Recurring FFO in the amount of approx. EUR 30mn in addition to its previously communicated outlook of EUR 150mn on the basis of the previously applicable accounting practice.

Annexes

File Description

2018-04-19 Adhoc_ENG final.pdf Application of the newly applicable regulations of IFRS 15 in BUWOG Group

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 & Corporate Finance