Victoria Park Transaction

On September 5, 2018, Vonovia reached an agreement, via a subsidiary, on the indirect acquisition of Starwood’s stake in Victoria Park consisting of 27,074,397 class A shares and 32,486,304 class B shares, which will give Vonovia control over 81.4% of the total number of shares and 81.1% of the total number of voting rights in Victoria Park. In May 2019, Vonovia has the right, but not the obligation, to acquire an additional 10.04% of the shares corresponding to 12.35% of the voting rights in Victoria Park.