Ad-hoc notification in accordance with Article 17 of the Market Abuse Regulation

NOT FOR FULL OR PARTIAL DISTRIBUTION, PUBLICATION OR DISCLOSURE IN, WITHIN OR FROM COUNTRIES IN WHICH SUCH DISTRIBUTION, PUBLICATION OR DISCLOSURE WOULD CONSTITUTE VIOLATION OF THE RELEVANT LEGAL PROVISIONS OF THESE COUNTRIES. IN PARTICULAR, NOT FOR DISCLOSURE, FOR PUBLICATION OR FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA, IN AUSTRALIA, IN CANADA OR IN JAPAN. THIS NOTIFICATION IS NOT AN OFFER TO PURCHASE SECURITIES OR AN INVITATION TO SUBMIT A PURCHASE OFFER. THE RELEVANT SECURITIES PROSPECTUS IS PUBLISHED AT http://www.thegroundsag.com/en/ UNDER THE HEADING “INVESTOR RELATIONS”.

 

Subscription price for capital increase against contributions set at EUR 2.20 per share

Berlin, 1 November 2017. Today, with the approval of the Supervisory Board, the Management Board of The Grounds Real Estate Development AG set the subscription price for the capital increase against contributions resolved by the Annual General Meeting on 22 June 2017. Of the total of 17,600,000 new registered no-par-value shares, 12,500,000 shares have already been subscribed against non-cash contribution. Subject to approval of the Prospectus by the Federal Agency for Financial Services Supervision (BaFin) and publication of the Prospectus, which are expected in the near future, the company’s shareholders can subscribe for the remaining 5,100,000 shares at a subscription price of EUR 2.20 per new share. The subscription ratio is 1:44, i.e. 44 new shares can be subscribed for one old share.

New shares not subscribed at the end of the subscription period are to be offered to investors, especially in South Africa and Germany, in the context of a private placement.

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