TLG HAS SUCCESSFULLY IMPLEMENTED SEVERAL STEPS TOWARDS A BUSINESS COMBINATION WITH AROUNDTOWN

Berlin, 26 September 2019 -TLG IMMOBILIEN AG (ISIN: DE000A12B8Z4) ("TLG") has successfully adopted multiple measures towards a business combination with Aroundtown SA ("Aroundtown") in accordance with its announcement on 1 September 2019.

On 19 September 2019, TLG successfully increased the nominal amount of the senior unsecured notes placed by it on 17 September 2019 from EUR 500 million to EUR 600 million and the nominal amount of the undated, perpetual subordinated notes placed by TLG Finance S.à r.l. on 17 September 2019 from EUR 500 million to EUR 600 million. Both issuances were settled on 23 September 2019 resulting in net proceeds to TLG of app. EUR 1,180 million. Any (remaining) payment obligations for the proposed participation of up to 14.99% in Aroundtown have thereby been fully refinanced. The excess liquidity is at TLG's disposal and may be deployed for selective real estate acquisitions.

Yesterday, after the German Federal Cartel Office approved the proposed acquisition of the stake in Aroundtown, TLG exercised its call option to acquire an additional 3.0% of the currently outstanding shares in Aroundtown from Avisco Group ("Avisco") as agreed in the option agreement announced 1 September 2019. Following the exercise, TLG continues to hold a call option over ca. 2.0% of the shares in Aroundtown.

Following the exercise of the call option, TLG's shareholding in Aroundtown increases to ca. 13.0%.

TLG intends to pursue discussions with Aroundtown for the benefit of both companies and their shareholders to create a leading commercial office platform in Europe.

Contact
Lisa Geppert
Investor Relations TLG IMMOBILIEN AG Hausvogteiplatz 12 10117 Berlin
Phone: +49 30 2470 6089 Fax: +49 30 2470 7446
E-mail: [email protected]
Internet: www.tlg.de
 

About TLG Immobilien AG

For over 25 years, the listed company TLG Immobilien AG has owned and rented out commercial properties in selected promising locations in Germany. The company continuously develops its portfolio and actively generates value through strategic investments and selected property acquisitions. As at 30 June 2019, its portfolio contains properties worth EUR4.6 bn. As at the same reporting date, the adjusted EPRA Net Asset Value per share amounted to EUR29.77. The portfolio comprises office properties in cities including Berlin, Dresden, Frankfurt/Main, Leipzig and Rostock. It also contains a regionally diversified portfolio of retail properties, primarily in the neighbourhood shopping segment, in promising micro-locations as well as seven hotels in top central locations. The properties of TLG stand out not only due to their excellent locations but also because of their long-term rental or lease agreements. Its highly qualified employees guarantee extensive local market expertise at its individual locations.