GAGFAH S.A. 04.04.2014 11:19 Dissemination of a Voting Rights Announcement, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- On 03 April 2014, Fortress Investment Group LLC with its registered office in New York, USA ('Fortress'), has informed us on their own behalf and on behalf of the various entities listed below (together the 'Notifiying Entities') according to the applicable requirements of the Luxembourg Transparency Law that on 01 April 2014 the proportion of voting rights held by the Notifying Entities in GAGFAH S.A., 2-4, rue Beck, L-1222 Luxembourg, Grand Duchy of Luxembourg (German Securities Code A0LBDT, ISIN LU0269583422), have fallen below the 33.3% threshold of the voting rights and the Notifying Entities hold voting rights in GAGFAH S.A., Luxembourg, amounting to 27.64% of the voting rights (59,683,686 shares which corresponds to 59,683,686 voting rights) on this day. The Notifying Entities (except Fortress) are funds and investment vehicles directly holding shares in GAGFAH S.A., Luxembourg, and are all controlled indirectly by Fortress. List of Notifying Entities: Fortress Investment Group LLC (as indirect controller of the entities listed below but with no direct shareholding) FABP (GAGACQ) LP Fort Holdings LLC Fort GB Holdings LLC Fortress Investment Fund III LP Fortress Investment Fund III (Fund B) LP Fortress Investment Fund III (Fund C) LP Fortress Investment Fund III (Fund D) LP Fortress Investment Fund III (Fund E) LP Fortress Investment Fund III (Coinvestment Fund A) L.P. Fortress Investment Fund III (Coinvestment Fund B) L.P. Fortress Investment Fund III (Coinvestment Fund C) L.P. Fortress Investment Fund III (Coinvestment Fund D) L.P. Fortress Residential Investment Deutschland (Fund A) L.P. Fortress Residential Investment Deutschland (Fund B) L.P. Fortress Residential Investment Deutschland (Fund C) L.P. Fortress Residential Investment Deutschland (Fund D) L.P. Fortress (GAGACQ) Co-Investors (Cayman) L.P. Fortress Partners Offshore Securities LLC Fortress Partners Securities LLC Principal Holdings I LP California State Teachers' Retirement System On 03 April 2014, Fortress Residential Investment Deutschland (Fund A) L.P. with its registered office in New York, USA, has further informed us according to the applicable requirements of the Luxembourg Transparency Law that on 01 April 2014, its directly held voting rights in GAGFAH S.A., 2-4, rue Beck, L-1222 Luxembourg, Grand Duchy of Luxembourg (German Securities Code A0LBDT, ISIN LU0269583422), have fallen below the 5% threshold of the voting rights and it directly holds voting rights in GAGFAH S.A., Luxembourg, amounting to 4.78% of the voting rights (10,313,482 shares which corresponds to 10,313,482 voting rights) on this day. On 03 April 2014, Fortress Investment Fund III LP with its registered office in New York, USA, has further informed us according to the applicable requirements of the Luxembourg Transparency Law that on 01 April 2014, its directly held voting rights in GAGFAH S.A., 2-4, rue Beck, L-1222 Luxembourg, Grand Duchy of Luxembourg (German Securities Code A0LBDT, ISIN LU0269583422), have fallen below the 5% threshold of the voting rights and it directly holds voting rights in GAGFAH S.A., Luxembourg, amounting to 3.83% of the voting rights (8,269,835 shares which corresponds to 8,269,835 voting rights) on this day. 04.04.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: GAGFAH S.A. 2-4, rue Beck 1222 Luxemburg Grand Duchy of Luxembourg Internet: www.gagfah.com End of Announcement DGAP News-Service ---------------------------------------------------------------------------