Vbare Iberian Properties Socimi S A announced a private placement of 110,265 bearer shares at €10.429420034 per share for gross proceeds of €1,150,000 on November 12, 2015. The shares will be issued at premium of €5.429420034. The transaction will include participation from shareholders of the company, who will exercise their preferential subscription rights within the period of one month from the publication of this announcement in the Boletín Oficial del Registro Mercanti ending on January 1, 2016.

The transaction has been approved by board of directors of the company.