Raba Jarmuipari : Utilisation of Rába’s immovable property kicks off

Press Release

Győr, 4 December 2019

Utilisation of Rába's immovable property kicks off

Following preliminary negotiations Rába Automotive Holding Plc. received an offer from one of Europe's leading multinational trading companies to buy a part of its immovable property in downtown Győr. The part of the area known as Városrét dedicated for commercial use is going to be utilized as a result of years of preparatory work and in line with the previous development plans.

At the beginning of the 2000s Rába concentrated its Győr activities on one site in accordance with the requirements of its operation, freeing up a 43-ha area in the immediate vicinity of downtown Győr. In order to achieve the highest possible property value the company emptied the areas with a strong potential, lying on the bank of the Moson-Duna, in preparation of their subsequent sale. Earlier, a complex plan was made to kickstart the development of Városrét, and Rába, together with real estate experts, has been working on finding investors with a view to the utilization of the area.

As per the offer received the sale, which is expected to exceed HUF 2 billion, is going to be carried out in the part of the property dedicated for commercial use, taking account of the integrity of the whole area.

ˮWe are finalising the documents of the deal in the coming months, which includes the approval on the part of our partner. The final adoption of the transaction drawn up by the parties is planned to take place at the AGM of Rába next April. The first step in the utilization of the Városrét property can be taken with the approval of the shareholders, which, we hope, might give a boost to the further sale of the quality areas.ˮ - emphasized István Pintér, Chairman-CEO of Rába Automotive Holding Plc.

COMPANY PROFILE

Rába Automotive Holding Plc.

Rába Automotive Holding Plc. with a hundred and twenty years of experience is one of the largest Hungarian companies in the automotive industry. The three strategic business units of the company produce axles for commercial vehicles, agri-machinery and earthmovers as well as automotive components and specialty ve- hicles. Rába is a highly export-oriented company with strategic export markets including the EU, CIS countries and the USA. Rába is a Győr-based public limited company with shares listed on the Budapest Stock Exchange.

FURTHER INFORMATION
Szikszai, Andrea Communications Manager	Rába Plc.	Phone:[phone]
Steszli, Ádám Investor Relations Manager	Rába Plc.	Phone:[phone]
Torda, Júlia	CCG Communications	Phone:[phone]

Seat: H-9027 Győr, Martin út 1.  Postal address: H- 9002 Győr, POB 50  Telephone: [phone]  Fax: [phone]

Court of Registration: Győr Court of Justice as Court of Registration  Registration number: Cg.08-10-001532

E-mail: [e-mail]  www.raba.hu