Ad hoc disclosure

Pursuant to Section 17 of the Market Abuse Regulation, The Grounds Real Estate Development AG is obliged to publish insider information, which directly affects itself as an issuer without delay for a period of five years on its web site.

 

Netwatch plans a reorientation of their business operations, a majority takeover of The Grounds Real Estate AG, Berlin, and a cash capital increase.

Munich, 8 March 2017. Today TGA Verwaltungs UG (limited liability), Berlin and our majority shareholder have each informed us that TGA Verwaltungs UG has on this day purchased 360,000 shares (this represents 90% of the share capital) in our company.