Shareholder Structure and Annual General Meeting

Shareholder Structure

Free Float and Breakdown of Major Shareholders

Free Float and Breakdown of Major Shareholders (pie chart)Free Float and Breakdown of Major Shareholders (pie chart)

Based on the German stock exchange’s definition of free float, only the interest held by Norges Bank (Ministry of Finance on behalf of the State of Norway) does not count towards the free float. This means that 92.4% of Vonovia’s shares were in free float on December 31, 2016.

In line with Vonovia’s long-term focus, the majority of its investors have a similarly long-term focus. The company’s investors include pension funds, sovereign wealth fund and international asset managers. There is also a large number of individual shareholders.

2016 Annual General Meeting

The Annual General Meeting of Vonovia SE was held in Düsseldorf on May 12, 2016. 68.65% of the share capital was represented at the main event of the year. All of the agenda items were carried by a large majority, including the proposal to distribute a dividend of € 0.94 per share to the company’s shareholders. This corresponds to a dividend yield of 3.3% in relation to the share’s closing price of € 28.55 on December 31, 2015. The dividend for the 2015 fiscal year was paid out from a contribution account for tax purposes. It was therefore paid out to shareholders without capital gains tax or the solidarity surcharge being deducted.

The “Strategic” subportfolio contains locations that offer development potential that is above average and for which we are pursuing a value-enhancing property management strategy.