ESTAVIS AG: ESTAVIS AG places convertible bonds totalling EUR 8.6 million - Initial property acquisitions under new strategy already implemented

ESTAVIS AG  / Key word(s): Issue of Debt/Real Estate

19.06.2012 23:40

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Berlin, 19 June 2012 - ESTAVIS AG has placed convertible bonds with a total
nominal amount of EUR 8.6 million. The issue was primarily subscribed by
institutional investors. Andreas Lewandowski, Managing Director of ESTAVIS,
expressed his satisfaction with the transaction, particularly that new
investors in the company could be brought on board in spite of the
difficult capital markets environment.

In parallel with the bond issuance transaction, ESTAVIS was able to take a
significant first step toward its new strategy of building a high-return
portfolio of investment properties in Germany with the acquisition of a
residential building complex in Itzehoe, a town on the outskirts of
Hamburg. The cost of the property was approx. EUR 12 million. With its
current rental income of EUR 1.3 million annually, the recently renovated
and almost completely rented buildings will yield positive cash flow from
day one, along with the potential for value appreciation.

The five-year bonds pay an annual interest coupon of 7.75%. Each bond
entitles the holder to convert it into one common share at a conversion
price of EUR 2.40 at any time during the period from 6 August 2012 until
ten business days before final bond maturity in 2017.

The transaction was managed by Frankfurt investment bank Close Brothers
Seydler Bank AG, which served as Sole Lead Manager and Sole Bookrunner.

About ESTAVIS: 
ESTAVIS AG is a listed property company focusing on residential properties.
Through its purchasing network, which extends throughout Germany, ESTAVIS
AG identifies property portfolios with great value-added potential and uses
its management expertise to harness this potential efficiently. In addition
to the regular cash flows generated from its real estate holdings ESTAVIS
delivers investment returns through well-established tenant privatisation
business. ESTAVIS AG is headquartered in Berlin and is listed on the Prime
Standard of the Frankfurt Stock Exchange (ISIN: DE000A0KFKB3 / WKN:
A0KFKB).

Contact:
ESTAVIS AG
Investor & Public Relations
phone: + 49 30 887 181 799
e-mail: ir@estavis.de

Stockheim Media GmbH
Dr. Hubert Becker
phone: + 49 221 420 75 24
e-mail: hb@stockheim-media.com


19.06.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      ESTAVIS AG
              Uhlandstr. 165
              10719 Berlin
              Germany
Phone:        +49 (0)30 - 887 181 - 0
Fax:          +49 (0)30 - 887 181 - 11
E-mail:       info@estavis.de
Internet:     http://www.estavis.de
ISIN:         DE000A0KFKB3
WKN:          A0KFKB
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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