S IMMO AG: further share repurchase programme

Corporate news

Up to a further 3% of the Company's shares will be acquired.

The Management Board of S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI, ISIN: AT0000652250) has decided with the approval of the Supervisory Board to repurchase shares as authorised by resolution of the 23rd Annual General Meeting on 01 June 2012. Up to a further 3% of the Company’s shares – i.e., a maximum of 2,043,661 shares – will be acquired as part of a share repurchase programme.

The resolution of the Annual General Meeting authorised the Management Board, in accordance with section 65(1)(8) Austrian Companies Act (AktG) and subject to approval of the Supervisory Board, to repurchase up to 10% of S IMMO AG’s issued share capital within 30 months of the date of the resolution. Pursuant to section 82(8) and (9) Austrian Stock Exchange Act (BörseG), the resolution was published on S IMMO AG’s website on 05 June 2012 and in the Official Gazette in the Wiener Zeitung of 08 June 2012.

The Company is planning to repurchase up to a further 3% of the share capital, i.e., a maximum of 2,043,661 shares. The repurchases may be for any of the purposes specified in section 65(1)(8) AktG. Depending on market conditions, the repurchase programme will begin on 09 July 2013 and will end at the latest on 18 December 2013.

The repurchase relates to the bearer shares of S IMMO AG (ISIN: AT0000652250) and may be effected on or off the Vienna Stock Exchange. The right of the shareholders to proportionate repurchase may be excluded. The price per share may be no lower than EUR 1.00 and no more than 15% higher than the average quoted price on the Vienna Stock Exchange over the three trading days preceding the relevant repurchase.

The publication of any changes to the repurchase programme for the purposes of section 6 VeröffentlichungsV as well as any transactions related to the repurchase programme under section 7 VeröffentlichungsV will be on S IMMO AG’s website, at http://www.simmoag.at/en/investor-relations/share-repurchase.

This announcement does not constitute a public offer to acquire S IMMO shares and does not obligate the Company to accept offers of S IMMO AG shares for repurchase.

Management Board Chairman Ernst Vejdovszky explains: “At the current price level, we see the repurchase programme as a very good investment for S IMMO.”