Disclaimer

conwert Immobilien Invest SE

Voluntary public tender offer (cash offer) by conwert Immobilien Invest SE to the shareholders of KWG Kommunale Wohnen AG

You have entered the internet site which conwert Immobilien Invest SE has designated for the publication of documents and announcements in connection with its voluntary public tender offer to the shareholders of KWG Kommunale Wohnen AG.

In order to access further information in connection with the tender offer, visitors of this website are requested to confirm, at the bottom of this page, notice of the following legal information.

Important legal information

On 23 March 2016, conwert Immobilien Invest SE (the "Bidder") has published on the following pages a voluntary tender offer to the shareholders of KWG Kommunale Wohnen AG (the "Offer" or the "Tender Offer").

The Tender Offer is made exclusively under German law. The Tender Offer is not made pursuant to the provisions of any other legal system. Accordingly, no notifications, registrations, admissions or approvals of the offer document or of the Offer have been applied for or initiated outside of the Federal Republic of Germany.

The Tender Offer relates to the acquisition of shares in a German stock corporation listed in the Open Market (Entry Standard) of the Frankfurt Stock Exchange. The provisions of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, "WpÜG") do not apply to this Offer. This is due to the fact that pursuant to section 1, para. 1 WpÜG, WpÜG applies only to offers of securities which are admitted to trading on an organised market and the Open Market of the Frankfurt Stock Exchange and its sub-segment Entry Standard are not organised markets. The Bidder points out that this Offer does not fall within the remit of the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, "BaFin") and has not been and will not be verified or approved by BaFin.

The Bidder does not intend to file, publish or publicly advertise the Tender Offer pursuant to the laws of any jurisdiction other than the Federal Republic of Germany.

The Bidder assumes no responsibility for the publication, dispatch, distribution or dissemination of the offer document or of the Offer outside the Federal Republic of Germany being compatible with the applicable requirements of jurisdictions other than those of the Federal Republic of Germany. Furthermore, the Bidder assumes no responsibility for the compliance of the acceptance of the Offer outside the Federal Republic of Germany with the respectively applicable laws. Any responsibility of the Bidder for the noncompliance of third parties with any foreign laws is explicitly excluded.

The announcements made on this website do not constitute an invitation to make an offer to sell the shares of KWG Kommunale Wohnen AG. With the exception of the offer document, announcements made on this website also do not constitute an offer to purchase the shares of KWG Kommunale Wohnen AG and are not for the purposes of the Bidder making any representations or entering into any other binding legal commitments. An offer to purchase the shares of KWG Kommunale Wohnen AG is solely made by the offer document which is published on this website and is exclusively subject to its terms and conditions.

The information on this website contains specific forward-looking statements. These statements do not represent facts and are characterised by words such as "expect", "believe", "estimate", "intend", "aim", "assume" or similar expressions. Such statements express the intentions, opinions, or current expectations of the Bidder with respect to possible future events. Such forward-looking statements are based on current plans, estimates and forecasts which the Bidder has made to the best of its knowledge, but which do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and generally cannot be influenced by the Bidder. Future events and developments could considerably deviate from the forward-looking statements contained on this website.

By selecting the "Accept" button, you warrant that you have read the legal notice above.

If you have any questions please contact Investor Relations at conwert Immobilien Invest SE by telephone at +43 1 52145-700 or by writing to Alserbachstraße 32, 1090 Vienna, Austria.