19.05.2014 – 18:25

S IMMO AG

EANS-Adhoc: S IMMO AG
Start of exchange offer for S IMMO INVEST participating certificates

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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Capital measures
19.05.2014


With reference to the ad hoc releases of 29 April 2014 and 30 April 2014,
S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI; ISIN: AT0000652250) announces
that, after establishment of all prerequisites for the implementation, its
offer to exchange the S IMMO INVEST participating certificates (ISIN:
AT0000795737 and ISIN: AT0000630694) listed on the Vienna Stock Exchange for a
bond will open on 21 May 2014.

The exchange offer applies to up to 1,140,000 of the 2,280,797 S IMMO INVEST
participating certificates at present outstanding, i.e. approximately half of
the outstanding total. As soon as the offer is open, holders of participating
certificates may exchange their certificates into a 7-year fixed term bond with
a fixed coupon of 4.5% at the exchange rate of EUR 79.11 per certificate. The
offer closes on 06 June 2014. The increase in the exchange rate from EUR 78.88
to EUR 79.11 per participating certificate is attributable to the postponement
of the implementation of the exchange offer.

The offer documentation pursuant to the Takeover Act (ÜbG) together with the
expert's report pursuant to section 9 para 1 and section 13 ÜbG and further
information about the exchange offer will be available on S IMMO AG's website
at www.simmoag.at/umtauschangebot as from 21 May 2014.




This disclosure is a mandatory disclosure pursuant to section 48d para  1  Stock
Exchange Act (BörseG) and is for  promotional  purposes  in  Austria.  It  is  a
marketing announcement in the meaning of the Securities  Supervision  Act  (WAG)
and the Capital Markets Act (KMG), but does not  constitute  financial  analysis
or advice relating to financial securities. It is neither a  recommendation  nor
an offer to sell nor an invitation to purchase securities  of  S IMMO  AG  ("the
Company"). The offer to exchange securities of the Company is  made  exclusively
by means and on the basis of the basic prospectus and its  annexes  approved  by
the Financial Market Authority (FMA) and published on  29 April  2014,  together
with the binding terms and conditions ("the Prospectus") and the offer  document
approved by the Takeover Commission, which are available  free  of  charge  from
the Company's  offices  at  Friedrichstrasse  10,  1010  Vienna,  during  normal
business hours  and  may  be  viewed  electronically  on  the  issuer's  website
(www.simmoag.at).

This announcement is  addressed  exclusively  to  persons  legally  entitled  to
receive it. In particular, it is not  addressed  to  U.S.  citizens  or  persons
resident in the United States of America (USA),  the  United  Kingdom,  Belgium,
France or Italy. This announcement is neither an offer to purchase nor a  public
invitation to sell securities in Italy, Belgium, France or any  jurisdiction  in
which  such  an  offer  or  invitation  would  be  contrary  to  the  law.  This
announcement is not for publication or distribution in the USA and  may  not  be
distributed to persons or publications generally distributed in the USA  nor  be
published or distributed in any  other  country  in  which  its  publication  or
distribution would be contrary to the law.


Further inquiry note:
Investor Relations:
Andreas J. Feuerstein
Phone: +43(0)50100-27556
Fax:  +43(0)05100-927556
E-mail:  andreas.feuerstein@simmoag.at
www.simmoag.at 

Corporate Communications:
Bosko Skoko
Phone: +43(0)50100-27522
Fax:  +43(0)05100-927522
E-mail:  bosko.skoko@simmoag.at
www.simmoag.at

end of announcement                               euro adhoc 
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issuer:      S IMMO AG 
             Friedrichstraße  10
             A-1010 Wien
phone:       +43(0)50100-27550
FAX:         +43(0)050100-927559
mail:         office@simmoag.at
WWW:      www.simmoag.at
sector:      Real Estate
ISIN:        AT0000652250
indexes:     ATX Prime, IATX
stockmarkets: official market: Wien 
language:   English