Press Release 16 August 2017

bfw liegenschaften ag publishes preliminary results for the 1stHalf-Year 2017

Frauenfeld, 16 August 2017 - bfw liegenschaften ag (SIX Swiss Exchange: BLIN) achieved very good results for the first half-year 2017, according to preliminary and unaudited results and could almost seamlessly continue the record results achieved in the previous year.

Net rental income increased by about 6% to CHF 8.7 million (previous year CHF 8.2 million). The valuation of the investment portfolio resulted in positive changes in the fair value of real estate investments in the amount of CHF 9.1 million (previous year CHF 10.7 million). According to the preliminary results, bfw liegenschaften ag achieved an EBIT of CHF 16.3 million (previous year CHF 17.5 million).

In the first half-year 2017, the fair value reflection of the interest rate swaps and receiver swaptions led to a positive effect before taxes of CHF 1.8 million (previous year negative effect of CHF 7.9 million). Taking into account these fair value changes of the interest rate swaps and receiver swaptions, the earnings including effects from changes in fair value of real estate investments and deferred taxes amounted to about CHF 13.2 million (previous year CHF 6.0 million). Excluding the fair value changes in the interest rate swaps and receiver swaptions, the net earnings will be at approximately CHF 11.8 million (previous year CHF 12.6 million).

The company will publish the 1stHalf-Year report 2017 and further details on the financial statements on 14 September 2017.

Contacts

Reto Borner Philipp Hafen

Chief Executive Officer Chief Financial Officer

+41 52 728 01 06 +41 52 728 01 15

reto.borner@bfwliegenschaften.chphilipp.hafen@bfwliegenschaften.ch

Information on bfw liegenschaften ag

www.bfwliegenschaften.ch

bfw liegenschaften ag is a real-estate company with headquarters in Frauenfeld in the canton of Thurgau, Switzerland. It focuses on attractive residential properties in commuting areas close to business centres in the German-speaking part of Switzerland. The registered A shares of bfw liegenschaften ag are listed on the SIX Swiss Exchange (Symbol BLIN, Securities Number 1820611, ISIN Number CH 001 820 6117).

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF BFW LIEGENSCHAFTEN AG HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.

bfw liegenschaften ag ∙ Bahnhofstrasse 92 ∙ CH-8500 Frauenfeld Phone +41 52 728 01 01 ∙ Fax +41 52 728 01 09 ∙

www.bfwliegenschaften.ch ∙ info@bfwliegenschaften.ch

BFW Liegenschaften AG published this content on 16 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 August 2017 07:11:03 UTC.

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