Shareholder Structure

The chart below shows the voting rights pursuant to Sections 33, 34 of the German Securities Trading Act (WpHG) as notified by the shareholders in relation to the current share capital. The number of voting rights reported could have changed within the respective thresholds without triggering an obligation to notify the company.

Major Shareholders (as of Sept. 30, 2018)

Major Shareholders (as of Sep. 30, 2018) (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 Norway) does not count towards the free float. This means that 93.1% of Vonovia’s shares were in free float on September 30, 2018. The underlying voting rights notifications and corresponding financial instruments reported by shareholders or other instruments pursuant to Sections 38, 39 WpHG can be found at “Disclosure of Voting Rights.”

In line with Vonovia’s long-term strategic focus, the majority of its investors have a similarly long-term focus. The company’s investors include pension funds, sovereign wealth funds and international asset managers in particular. There is also a large number of individual shareholders, although they only represent a small proportion of the total capital.