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ERWE Immobilien AG
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Tel.: +49 40 320 279-10
E-Mail: office@Hillermann-Consulting.de

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ERWE Immobilien AG: ERWE Immobilien AG successfully completes cash capital increase


Frankfurt (pta013/27.12.2018/17:04) - .
* ERWE receives funds of Euro 18.24 million
* Scope created for further investments
* Admission of ERWE shares to General Standard planned for mid-January 2019

Frankfurt am Main, 27 December 2018 - ERWE Immobilien AG (WKN: A1X3WX, ISIN: DE000A1X3WX6), Frankfurt am Main, has successfully completed its cash capital increase in a difficult capital market climate. Overall, 6,400,422 new shares were subscribed or placed at an issue price of Euro 2.85 per share, thus providing the company with total (gross) proceeds of Euro 18.24 million. Accordingly, the company's share capital will increase from Euro 10,162,500 previously to Euro 16,562,922. "We are still a very new company, so we are very pleased to have been able to reach our targets, and that even though the capital markets are currently so weak", comments Axel Harloff, a member of the company's Management Board.

The company now known as ERWE Immobilien AG (formerly: Deutsche Technologie Be-teiligungen AG) arose due to the contribution of ERWE Retail Immobilien GmbH and only launched operations in its new corporate structure in May of this year. Since then, ERWE has already invested in three major real estate projects in Lübeck (office and shopping centre), Krefeld (department store, office building and parking block) and at Frankfurt Airport (minority stake in FAC1 business centre). By the end of 2018, ERWE's balance sheet will show equity of around Euro 50 million and total assets of around Euro 130 million.
"The successful execution of our cash capital increase will create scope for further investments", comments Management Board member Rüdiger Weitzel. "These funds will provide a strong foundation for our planned further growth."
"Not only that, we intend to firm up our presence as a listed stock", adds Harloff. The new shares resulting from the capital increase will be included, most likely on 3 January 2019, in the company's existing listing in the Open Market (Basic Board) of the Frankfurt Stock Exchange. Admission of the shares of ERWE Immobilien AG to the regulated market (General Standard) is to be applied for, most likely on 2 January 2019, with the aim of achieving admission by mid-January.

The capital increase was accompanied by ODDO BHF Aktiengesellschaft acting as the subscription agent, sole global coordinator and book runner.

Disclaimer
This publication does not constitute an offer to sell or a solicitation to submit an offer to buy or subscribe securities. The public offering of securities in ERWE Immobilien AG has been concluded. It is no longer possible to subscribe securities in ERWE Immobilien AG.
The information contained herein is provided for informational purposes only and should not be construed as an offer of securities or a solicitation to submit a bid to buy securities in the United States, Canada, Australia, Japan, or any other jurisdiction in which such are subject to legal restrictions. The securities referred to herein are not and will not be registered under the United States Securities Act of 1933, in the respectively valid version (of the Securities Act), or at the securities supervisory authority of any federal state or other competent body in the United States. They may not be offered for sale or sold in the United States unless exempted from the obligation to register under the Securities Act, or in transactions not subject to registration under the Securities Act, or in accordance with the applicable securities legislation of a federal state or other competent jurisdiction of the United States.

ERWE Immobilien AG focuses on developing promising downturn commercial real estate in prime locations in small and medium-sized towns and cities with more than 10,000 inhabitants. Projects include office and hotel use, as well as downturn retail space. The company is listed in the open market at the stock exchanges in Frankfurt am Main, Berlin, Düsseldorf und Stuttgart (ISIN: DE000A1X3WX6). Since ERWE Retail Immobilien GmbH was contributed, the company has main-tained the successful commercial real estate and retail centre operations previously performed by ERWE Real Estate GmbH, which in the past cooperated with prestigious joint venture partners.

ERWE Immobilien AG works on its own account and on behalf of third parties to develop projects whose value can be released or significantly enhanced by working with new concepts. As well as recovering the value growth thereby achieved in individual cases, ERWE Immobilien AG also aims to sustainably expand its portfolio and generate substantial revenue growth.

Contacts for enquiries:

Public Relations:
german communications AG
Jörg Bretschneider
Milchstr. 6 B
20148 Hamburg
T. +49-40-4688330, F. +49-40-46883340
presse@german-communications.com

Investor Relations:
Hillermann Consulting e. K.
Christian Hillermann
Streit´s Hof, Poststraße 14-16
20354 Hamburg
T. +49-40-32027910, F.+49-40-320279114
office@hillermann-consulting.de

(end)
emitter: ERWE Immobilien AG
Herriotstraße 1
60528 Frankfurt
Germany
contact person: Christian Hillermann
phone: +49 40 320 279-10
e-mail: office@Hillermann-Consulting.de
website: www.erwe-ag.com
stock exchanges: basic board in Frankfurt, free market in Munich, free market in Stuttgart; open market in Berlin
ISIN(s): DE000A1X3WX6 (share)
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