BUWOG Transaction

The voluntary public takeover offer of Vonovia SE made to all shareholders of BUWOG AG has been successfully concluded. The extended acceptance deadline ended on June 18, 2018, at 5 p.m. (CEST). Vonovia now holds a total of 112,672,652 BUWOG shares, which corresponds to 90.7% of the total BUWOG shares issued as of June 30, 2018. Vonovia has requested that BUWOG’s Annual General Meeting decide about the transfer to Vonovia of the shares of the minority stakeholders (squeeze-out). On August 12, 2018, BUWOG AG and Vonovia SE set the appropriate cash settlement for the minority shareholders of BUWOG who are to be excluded at € 29.05 per share.