02.03.2015 – 18:19

S IMMO AG

EANS-Adhoc: S IMMO AG
exchange offer with cash alternative 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
02.03.2015


S IMMO AG: Exchange offer with cash alternative for S IMMO INVEST participating
certificates


The Management Board of S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI; ISIN:
AT0000652250, AT0000795737, AT0000630694, AT0000A19SB5, AT0000A177D2) resolved
today, with the authorization of the Supervisory Board, that S IMMO AG will make
a voluntary public offer to the holders of the outstanding 1,130,681 S IMMO
INVEST participating certificates (ISIN: AT0000795737 and ISIN: AT0000630694) to
acquire their S IMMO INVEST participating certificates either by exchanging them
for a bond ("exchange offer") or for a cash consideration ("cash-alternative").
The public offer will be directed at the acquisition of up to 705,882 S IMMO
INVEST participating certificates (ISIN AT0000795737/AT0000630694),
corresponding to approximately 62.43 % of S IMMO's outstanding participating
certificates capital (partial offer). The offer will be published after approval
of the supervisory authorities responsible, presumably in mid-March 2015.

On the basis of the intended partial offer, the recipients of the offer will be
able to either (i) exchange their participating certificates for a 10-year fixed
term bond with a fixed coupon of 3.25% p.a. and a denomination of EUR 500 at the
exchange rate of EUR 85.00 ("exchange offer"), or (ii) sell their participating
certificates to S IMMO for a purchase price of EUR 85.00 per S IMMO INVEST
participating certificate ("cash-alternative"). The recipients of the offer
shall be able to choose a mixture of both offering alternatives. Application for
the listing of the bond offered in exchange for participating certificates on
the Second Regulated Market of the Vienna Stock Exchange is planned.



This disclosure is a mandatory disclosure pursuant to section 48d para 1 Stock
Exchange Act (BörseG) and section 5 para 3 Takeover Act (ÜbG). It serves
promotional purposes in Austria and 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 or invitation to
purchase securities of S IMMO AG ("the Company"). 

The exchange offer with a cash alternative is made exclusively by means and on
the basis of the offer document approved by the Takeover Commission and the base
prospectus approved by the Financial Market Authority (FMA) and published on 29
April 2014 including the  annexes thereto, together with the binding terms and
conditions ("the Prospectus"), which will be available free of charge from the
Company's offices at Friedrichstrasse 10, 1010 Vienna, during normal business
hours and on the issuer's website (www.simmoag.at/umtaschangebot2015). 

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. It 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 U.S.
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