DGAP-Adhoc: Prime Office AG sets maximum number of new shares and subscription ratio for its cash capital increase

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| Source: EQS Group AG
Prime Office AG  / Key word(s): Corporate Action

28.01.2014 09:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Prime Office AG sets maximum number of new shares and subscription ratio
for its cash capital increase

Cologne, 28 January 2014. The executive board of Prime Office AG, after
approval by the supervisory board and as agreed with the syndicate banks,
has set additional parameters for its capital increase from the approved
capital with pre-emptive rights for the shareholders of Prime Office AG,
which will take the form of cash contributions (cash capital increase).

Subject to approval of the supplement to the offering prospectus dated 20
January 2014 by the German Financial Supervisory Authority, the Company
will offer up to 46,588,288 new shares overall. The subscription ratio is
23:8, i.e. for each 23 existing shares in Prime Office AG, the shareholders
of Prime Office AG will be offered 8 new shares for subscription. All new
shares will carry full dividend rights from 1 January 2013. Subject to the
approval of the supplement, the subscription offer is to be published today
in the Federal Gazette ('Bundesanzeiger') and on 29 January 2014 in the
Frankfurter Allgemeine Zeitung.

The subscription period for the new shares is expected to commence most
likely on 29 January 2014 and end most likely on 11 February 2014. The
subscription price will be set on 5 February 2014 and published on that day
in an ad hoc release as well as on the website of Prime Office AG and on 6
February 2014 in the Federal Gazette ('Bundesanzeiger'). Prime Office AG
expects to raise gross proceeds of about EUR 130 million from the cash
capital increase. Trading in the new shares in the regulated market (Prime
Standard) of the Frankfurt stock exchange is expected to start on 14
February 2014.

Upon its approval, the supplement to the offering prospectus will be
published on the Internet on www.prime-office.de and be available free of
charge from the issuer and Joh. Berenberg, Gossler & Co. KG, Neuer
Jungfernstieg 20, 20354 Hamburg during normal business hours.

Berenberg, Kempen & Co and UBS Investment Bank act as Global Coordinators
of the cash capital increase.

Contacts

Prime Office AG
Richard Berg
Head of Investor Relations & Corporate Communications

Email  richard.berg@prime-office.de
Telephone  +49 (0)172 / 815 20 50

DISCLAIMER

This document constitutes neither an offer to sell nor a solicitation to
buy or subscribe for securities. Any such offer is being made solely on the
basis of the securities prospectus approved by, published and registered
with the German Financial Supervisory Authority (BaFin) dated 20 January
2014 and the supplement dated 28 January 2014. The information legally
required to be provided to investors is contained only in the securities
prospectus and the supplement. An investment decision regarding the
publicly offered securities of the issuer should only be made on the basis
of the securities prospectus and its supplements.

The information contained herein is not for distribution, directly or
indirectly, in or into the United States of America (including its
territories and possessions of any State of the United States of America or
the District of Columbia) and must not be distributed to 'U.S. persons' (as
defined in Regulation S of the U.S. Securities Act of 1933, as amended
('Securities Act')) or publications with a general circulation in the
United States of America. This document is not an offer of securities for
sale in the United States of America. The securities have not been and will
not be registered under the Securities Act and may not be offered or sold
absent registration or an exemption from registration under the Securities
Act. The Issuer does not intend to register any portion of the offering in
the United States of America or to conduct a public offering of the
securities in the United States of America.

The shares that are the subject of the offer will be offered publicly only
in the Federal Republic of Germany following approval of the supplement.
With respect to each other Member State of the European Economic Area that
has implemented the EC Directive 2003/71/EC of the European Parliament and
of the Council dated November 4, 2003 (the 'Prospectus Directive')
(hereinafter referred to as the 'Relevant Member State'), the shares being
subject of the offer will not be publicly offered in such Relevant Member
State. The shares being offered may however be offered to certain qualified
investors within the Relevant Member State pursuant to certain exceptions
set forth in the Prospectus Directive, provided these exceptions have been
implemented in the Relevant Member State. The shares that are the subject
of the offer are not being offered or sold to any person in the United
Kingdom, other than to qualified investors as defined in Section 86(7) of
the Financial Services and Markets Act 2000, being persons falling within
Article 2.1(E)(i), (ii) or (iii) of Directive 2003/71/EC of the European
Parliament and of the Council dated 4 November 2003 (Prospective
Directive), which includes legal entities which are regulated by the
Financial Conduct Services Authority and entities which are not so
regulated whose corporate purpose is solely to invest in securities and who
also fall within the definition of 'Investment Professionals' in Article
19(5) of the Financial Services and Markets Act 2000 (Financial Promotions)
Order 2005 (the 'FPO') and high net worth entities falling within Article
49(2)(a) to (d) of the FPO.

This document is not an offer of securities for sale in the United States
of America, Canada, Japan or Australia.


28.01.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Prime Office AG
              Maarweg 165
              50825 Köln
              Germany
Phone:        +49 (0)221 88829 100
Fax:          +49 (0)221 88829 299
E-mail:       info@prime-office.de
Internet:     www.prime-office.de
ISIN:         DE000PRME020
WKN:          PRME02
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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