LEG Immobilien : Dividend announcement

These materials are not an offer or the solicitation of an offer for the sale or subscription of the shares of LEG Immobilien AG in the United States of America. The subscription rights and the shares referred to herein may not, at any time, be offered, sold, exercised, pledged or otherwise transferred within or into the United States of America except to "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act of 1933, as amended ("Securities Act")) in accordance with Section 4(a)(2) of the Securities Act or another applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. LEG Immobilien AG has not registered and does not intend to register the subscription rights and/or the shares under the Securities Act or publicly offer the subscription rights and/or the shares in the United States of America.

LEG Immobilien AG

Düsseldorf

ISIN: DE 000LEG1110

WKN: LEG 111

Dividend Announcement

On 19 August 2020, the annual general meeting of LEG Immobilien AG resolved to appropriate EUR 256,967,409.60 of the retained earnings for fiscal year 2019 in the amount EUR 256,974,007.98 for distribution of a dividend of EUR 3.60 per eligible share (71,379,836) and to carry the remaining amount of EUR 6,598.38 forward to new account.

The dividend will be paid, at the discretion of the shareholders, (a) in cash or (b) in the form of shares in the Company. Each Shareholder may choose to receive a cash dividend for a part of its shares and a dividend in the form of shares for the remaining part of its shares. Further details on this subject are set out in a separate information document pursuant to Article 1 paragraph 4 lit. h), paragraph 5 subparagraph 1 lit g) Regulation (EU) 2017/1129 (prospectus exemption document). This document is available on the company's website at https://www.leg-wohnen.de/en/corporation/investor-relations/annual-general-meeting/2020/and particularly contains information on the number and type of shares and explanations about the reasons for and details of the share offer. Details on the subscription to the new shares are explained in the subscription offer published on 20 August 2020 on the company's website https://www.leg-wohnen.de/en/corporation/investor-relations/annual-general-meeting/2020/and in the German Federal Gazette (Bundesanzeiger).

The cash dividend will presumably be paid out on 29 September 2020 by the depository banks via Clearstream Banking AG, Frankfurt am Main, where the cash dividend may, however, already be effected at an earlier point in time. The central paying agent is Deutsche Bank AG.

The subscription of the new shares is only permitted if the shareholder is not in the United States of America, Canada, Australia or Japan at the time of the submission of the relevant subscription declaration or in any other jurisdiction in which the subscription to shares is subject to restrictions or would be not permissible, unless the shareholder in the United States of America is a qualified institutional buyer ("QIB") within the meaning of Rule 144A of the U.S. Securities Act of 1933, as amended.

Dividends in the form of shares will be delivered presumably on 29 September 2020, where also the scrip dividend, however, may already be effected at an earlier point in time.

The dividend is paid in full from the tax deposit account within the meaning of Section 27 of the German Corporation Tax Act (Körperschaftsteuergesetz) (contributions not paid into the nominal capital). Therefore, it is paid without deduction of capital gains tax and solidarity surcharge. This applies for the cash dividend as well as for the scrip dividend. The dividend is not eligible for tax refund or tax credit.

Düsseldorf, August 2020

LEG Immobilien AG

The Management Board