Interim Statement Q1 2020

Investor Relations Activities

Vonovia SE is committed to transparent, ongoing dialogue with its shareholders and potential investors. We are continuing with our road shows and meetings, but on a virtual basis in light of the coronavirus pandemic. In the first three months of 2020, Vonovia participated in a total of six investors’ conferences (two of them virtual conferences) and organized nine (of which six were virtual) roadshows in the most important European and North American financial centers.

In addition, numerous one-on-one meetings as well as video conferences and conference calls were held with investors and analysts to keep them informed of current developments and special issues.

We will continue to communicate openly with the capital market. Various roadshows, conferences and participation in investor forums have already been planned. Information can be found in the Financial Calendar on our Investor Relations website.

Annual General Meeting

In order to keep the option open of an event that can be attended in person, Vonovia made the decision on March 30, 2020, to postpone its Annual General Meeting until June 30, 2020. The ordinary Annual General Meeting was originally scheduled for May 13, 2020. Given the health-related risks and official requirements imposed as a result of the coronavirus pandemic, it would be practically impossible to hold an Annual General Meeting allowing participants to be physically present on this original date. If, after the publication of this report, it is still not possible to hold an event that can be attended in person on June 30, 2020, due to the coronavirus pandemic, the Annual General Meeting will be held virtually on June 30, 2020.

Vonovia plans to stick with the proposed dividend of € 1.57 per share that has already been announced in light of its sustained stable business development.

Analyst Assessments

27 international analysts currently publish studies on Vonovia on a regular basis (as of March 31, 2020). The average target share price was € 54.74 as of March 31, 2020. Of these analysts, 73% issued a “buy” recommendation, with 23% issuing a “hold” recommendation and 4% recommending that investors sell the company’s shares.