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Deutsche Wohnen AG / Key word(s): Capital Increase 27.05.2015 19:04 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. --------------------------------------------------------------------------- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN Deutsche Wohnen AG announces subscription price for cash capital increase Frankfurt/Main and Berlin, 27 May 2015. Today, Deutsche Wohnen AG determined the subscription price per new no par value ordinary bearer share at EUR 21.50 in connection with its cash capital increase from authorized capital resolved on 20 May 2015. Upon exercise of all subscription rights and issuance of all 42,166,532 new shares offered in the subscription offering, the company would receive gross proceeds in the amount of approximately EUR 907 million. The actual gross proceeds are expected to be determined during the course of 4 June 2015. The capital increase will primarily be used to finance the acquisitions of c. 6,500 residential units, which are predominantly located in Berlin with closing for the vast majority of these acquisitions expected to take place at the end of the first half of 2015. The total portfolio has an acquisition value of c. EUR 500 million and generates an annual net cold rent of c. EUR 25.6 million with a current vacancy rate of 2.6%. An annual EBITDA contribution of more than EUR 20 million is expected. Additionally, Deutsche Wohnen aims to refinance c. EUR 1.2 billion of its financial liabilities that mature predominantly in 2018 and 2019 with new bank loans and potentially by issuing bonds in the debt capital markets with average maturities of around 10 years. Further, selected bank loans with higher interest costs in the amount of c. EUR 0.3 billion shall be repaid from its cash position. In total, Deutsche Wohnen intends to address financial liabilities of up to EUR 1.5 billion, reducing the pro forma LTV to below 45% and reducing the average interest rate to below 2%. The new shares are offered to shareholders for subscription at a ratio of 7:1. The subscription period ends on 3 June 2015. Important notice This publication constitutes neither an offer to sell nor a solicitation to buy securities. The offer will be made solely by means of, and on the basis of, a securities prospectus which is to be published. An investment decision regarding the publicly offered securities of Deutsche Wohnen AG should only be made on the basis of the securities prospectus to be published. The securities prospectus to be published will be published promptly upon approval by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and will be available free of charge from Deutsche Wohnen AG, Pfaffenwiese 300, 65929 Frankfurt am Main, Germany or on the Deutsche Wohnen AG website www.deutsche-wohnen.com at least one business day before the start of the subscription period. This publication may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. This publication does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of Deutsche Wohnen AG in the United States, Germany or any other jurisdiction. The securities of Deutsche Wohnen AG may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the 'Securities Act'). The securities of Deutsche Wohnen AG have not been, and will not be, registered under the Securities Act. In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the 'Order') or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as 'Relevant Persons'). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. To the extent any announcements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words 'will', 'expect', 'believe', 'estimate', 'intend', 'aim', 'assume' or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of Deutsche Wohnen and the persons acting together with Deutsche Wohnen. Such forward-looking statements are based on current plans, estimates and forecasts, which Deutsche Wohnen and the persons acting together with Deutsche Wohnen have made to the best of their knowledge, but which they do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by Deutsche Wohnen or the persons acting together with Deutsche Wohnen. It should be kept in mind that the actual events or consequences may materially differ from those contained in or expressed by such forward-looking statements. Contact Phone +49 (0)30 897 86-5413 Fax +49 (0)30 897 86-5409 ir@deutsche-wohnen.com 27.05.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Deutsche Wohnen AG Pfaffenwiese 300 65929 Frankfurt am Main Germany Phone: +49 (0)30 89786-0 Fax: +49 (0)30 89786-5409 E-mail: ir@deutsche-wohnen.com Internet: http://www.deutsche-wohnen.com ISIN: DE000A0HN5C6 WKN: A0HN5C Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------