DGAP-News: ADLER Real Estate AG / Key word(s): Capital Reorganisation
ADLER Real Estate AG: Already 90% of convertible bonds placed

13.12.2013 / 18:34

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ADLER Real Estate: Already 90% of convertible bond placed

  - Issue of up to 3.0 million convertible bonds

  - Subscription offerings for 2.7 million convertible bonds are already
    existent within the scope of the private placement

  - Issue price of EUR 3.75 per note

  - Subscription period lasts until 23 December 2013

Hamburg, 13 December 2013. Three days after the beginning of the
subscription period it becomes apparent that the convertible bond 2013/2018
of ADLER Real Estate AG, Frankfurt/M., (ISIN DE0005008007) will be placed
to a large extent. Within the scope of a private placement, which takes
place simultaneously to the rights offer, subscriptions for approx. 2.7
million convertible bonds exist. This is equivalent to 90% of the overall
issue of 3,000,000 notes in bearer form. Total volume of the bond amounts
to EUR 11.25 million. Issue price of the notes is EUR 3.75 and corresponds
to the principal amount and the initial conversion price. The notes shall
bear interest at a rate of 6.00% p.a.

Already before the start of the subscription period for a total of
2,000,000 notes in bearer form placement agreements existed with two
investors, to whom a corresponding number of subscription rights,
conditional to the start of the rights offer, had been transferred by
shareholders of the company. Therefore only the remaining 1,000,000 notes
in bearer form are offered for subscription as part of the rights offer.
For approx. 700,000 of these notes in bearer form further subscription
offerings exist, which are however conditionally to the exercise of the
subscription right by the entitled parties. The subscription period lasts
until 23 December 2013.

The allocation will take place following the end of the subscription period
as soon as the final subscription ratio will be determined. The company
assumes to achieve a full placement of the 3,000,000 notes in bearer form
due to currently not yet recognized exercises of subscription rights by the
entitled parties.

Close Brothers Seydler AG, Frankfurt/M., is accompanying the issue as sole
bookrunner.

The issue proceeds from the new convertible bond 2013/2018 shall be used
for financing ADLER's growth, in particular the further development of
residential real estate portfolio in Germany. ADLER has already taken
several steps this year to generate new funds for financing the expansion
of its property portfolio.

The terms and conditions of the notes can be viewed and downloaded on the
company's website www.adler-ag.com.

For inquiries please contact:

Press: german communications dbk ag
Jörg Bretschneider
Alsterufer 34, 20354 Hamburg, Germany
Phone: +49-(0)40/46 88 33 0, Fax: +49-(0)40/47 81 80
presse@german-communications.com    

Investor Relations: Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg, Germany
Phone: +49-(0)40/32 02 79 10, Fax: +49-(0)40/32 02 79 114
c.hillermann@hillermann-consulting.de

Disclaimer

This document and its contents do not constitute an offer to sell or an
invitation to make an offer to purchase or subscribe securities. No public
offer of securities of ADLER Real Estate AG is being or will be made
outside the Federal Republic of Germany. The public offer in the Federal
Republic of Germany will be made exclusively on the basis of the German
securities prospect that has been approved by the Bundesanstalt für
Finanzdienstleistungsaufsicht (BaFin) on 6 December 2013 and that is
available on the website of the company at www.adler-ag.com. Hard copies of
the prospect are available at the company's office, Alstertor 17, 20095
Hamburg.

Securities of ADLER Real Estate AG including the convertible bonds may not
be sold or offered for sale within the United States or to or for the
account of / in favor of US citizens (as defined in Regulation S under the
U.S. Securities Act of 1933 in the current version (the 'Securities Act'))
unless they are registered under the regulations of the Securities Act or
unless they are subject to an exemption from registration. ADLER Real
Estate AG does not intend to register the offer or a part thereof in the
United States or to make a public offer of the securities in the United
States.

This document may not be distributed within the United States of America,
Canada, Australia or Japan. Any breach of these restrictions can constitute
a violation of the securities law of these countries.


End of Corporate News

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13.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                           
Company:     ADLER Real Estate AG                              
             Alstertor 17                                      
             20095 Hamburg                                     
             Germany                                           
Phone:       +49 (0)40 - 29 8130-0                             
Fax:         +49 (0)40 - 29 8130-35                            
E-mail:      info@adler-ag.com                                 
Internet:    www.adler-ag.com                                  
ISIN:        DE0005008007, DE000A1R1A42,                       
WKN:         500800, A1R1A4                                    
Listed:      Regulierter Markt in Frankfurt (Prime Standard);  
             Freiverkehr in Berlin, Düsseldorf, Hamburg        
 
 
End of News    DGAP News-Service  
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