ERWE Immobilien AG: Capital increase successful, placement oversubscribed

Corporate News

ERWE Immobilien AG: Capital increase successful, placement oversubscribed

• Placement of all offered 1,656,292 new shares at 3.30 EUR per share
• Capital increase allows capturing attractive acquisition opportunities
• Placement oversubscribed

Frankfurt/M., 20 July 2021. ERWE Immobilien AG (ISIN DE000A1X3WX6), Frankfurt/M., has successfully completed the capital increase against cash payment excluding subscription rights by up to 10% of the share capital announced yesterday on 19 July 2021. All of the 1,656,292 offered shares have been placed with qualified investors, with investor demand exceeding the placement volume.

The placement price has been set at 3.30 EUR per share. The gross proceeds from the placement thus amount to 5.47m EUR. The new share capital of company stands at 18,219,214 EUR.

The net proceeds from the placement will be used to finance the acquisition of further mixed- use properties. A number of properties have been identified that - following a fitting revitalization - offer scope of significant value appreciation and a strong increase in profitability.

In addition to the major shareholders Axel Harloff and Rüdiger Weitzel, Elbstein AG has also participated in the placement and thus demonstrated its long-term commitment to ERWE Im- mobilien AG.

"We appreciate the interest of our new shareholders in a challenging market environment," said Christian Hillermann, board member of ERWE Immobilien AG.

Delivery of the new shares is expected to take place on July 22, 2021. The new shares will be entiteled to dividends from 1 January 2021. They are to be admitted to trading without a prospectus and integrated in the existing quotation of ERWE Immobilien AG at the Frankfurt Stock Exchange.

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ERWE Immobilien AG focuses on developing a highly profitable mixed-use commercial real estate portfolio in the office, retail, hotel and residential segments. Its preferred sites involve promising downtown locations in German cities and exclusively prime locations in smaller towns and municipalities. ERWE acquires properties whose potential value growth can be sustainably exploited by introducing new utilisation concepts. This way, the company aims to build a highly profitable and valuable portfolio with substantial revenue growth. ERWE Immobilien AG is listed in the Regulated Market (Prime Stan- dard) in Frankfurt and in open trading on the stock exchanges in Frankfurt am Main (XETRA), Berlin, Düsseldorf and Stuttgart (ISIN: DE000A1X3WX6).

Contacts for enquiries:

german communications AG Jörg Bretschneider Milchstr. 6 B

20148 Hamburg

1. [phone],F. [phone]

ERWE Immobilien AG

Hans-Christian Haas Herriotstraße 1

60528 Frankfurt

T.+49-69-96 376 869-25, F. [phone] [e-mail]

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