BUWOG AG - BUWOG AG: ad hoc release: Launch of a EUR 300 million 5-year Convertible Bond Offering

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 31 / 2016

Date of issue: 2016-09-06

Short name of the issuer

BUWOG AG

Subject

BUWOG AG: ad hoc release: Launch of a EUR 300 million 5-year Convertible Bond Offering

Official market - legal basis

Unofficial market - legal basis

Contents of the report:

The Management Board of BUWOG AG ("BUWOG" or the "Company") resolved today, with the consent of the Supervisory Board, to launch an offering of senior unsecured convertible bonds due 2021 (the "Bonds"), in an aggregate nominal amount of EUR 300 million (the "Offering") and a denomination of EUR 100,000 each. The Bonds will be convertible into no-par value bearer shares of BUWOG (the "Shares"). Pre-emptive rights of existing shareholders of BUWOG to subscribe to the Bonds have been excluded.

Annexes

File Description

160906 BUWOG AG ad hoc Apollo - Launch (English).pdf Launch Convertible Bond Offering

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)

[email protected] www.buwog.com

(e-mail) (web site)

ATU68290645

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2016-09-06 Mag. Daniel Riedl, FRICS CEO