DGAP-Ad hoc: GxP German Properties AG

DGAP-Adhoc: GxP German Properties generates gross issue proceeds of EUR 27.0 million from cash capital increase

GxP German Properties AG / Key word(s): Capital Increase

08.11.2016 17:43

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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GxP German Properties generates gross issue proceeds of EUR 27.0 million from cash capital increase

Berlin, 8 November 2016 - GxP German Properties (GxP) (ISIN: DE000A1YCNN8) has successfully concluded its cash capital increase. In total, 27.0 million new shares were subscribed or placed at a subscription price of EUR 1.00 per share, generating total issue proceeds of EUR 27.0 million for the Berlin-based commercial property specialist. Therefore, the target volume of the capital increase was exceeded.

6.2 million new shares were subscribed as part of the public rights offering, with 20.8 million new shares issued as part of a private placement. Johannes Meran, CEO of GxP, also acquired 500,000 shares in this context. The issue of 27.0 million new shares and the registered non-cash capital increase raised the total number of shares to 69.3 million with each share having a notional value of one euro.

The shares that the Management received from the contribution in kind are subject to a lock-up until year-end 2017. The free float stands at around 44 per cent after conclusion of the transaction.

The inclusion of the existing and new shares in the Open Market of the Frankfurt Stock Exchange (Entry Standard segment) is scheduled for November 2016.

Important note:

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

This release is not a prospectus. Investors should not purchase or subscribe for any shares referred to in this ad hoc release except on the basis of information in a prospectus issued by the Company in connection with the offering of such shares (www.gxpag.com/investor-relations).

This release is not an offer of securities for sale in the United States of America. The securities referred to in this ad hoc release have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from registration or in a transaction not subject to the registration requirements of the Securities Act. There will be no public offer of the securities in the United States of America.

Subject to certain exceptions under the Securities Act, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.

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Information and Explanation of the Issuer to this News:

GxP German Properties AG

With its headquarters in Berlin, GxP German Properties focuses on the Acquisition, Ownership and Management of office and retail properties in Germany. The investment strategy focuses on attractive commercial properties in the Core+/Value add segments in metropolitan regions and selected mid-sized cities in Germany. The company's strategy is to leverage significant appreciation potential through proactive portfolio management whilst safeguarding sustainable rental revenues at the same time. To this end, it draws on both its many years of experience in the property market and its extensive network.

The company's website can be accessed at www.gxpag.com

Contact details:

GxP German Properties AG Kirchhoff Consult AG Europa Center 19. OG Herrengraben 1 Tauentzienstr. 9 20459 Hamburg, Germany 10789 Berlin, Germany TEL.: +49 (0)40 609 186 65 TEL.: +49 (0)30 886 267 40 FAX: +49 (0)40 609 186 60 FAX: +49 (0)30 886 267 411 E-MAIL: gxp@kirchhoff.de E-MAIL: info@gxpag.com

08.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: GxP German Properties AG Tauentzienstraße 9 10789 Hamburg Germany Phone: +49 (0)30 88 62 67 40 Fax: +49 (0)30 88 62 67 411 E-mail: info@gxpag.com Internet: http://gxpag.com/ ISIN: DE000A1YCNN8 WKN: A1YCNN Listed: Regulated Unofficial Market in Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------