DGAP-Adhoc: GSG GROUP - Disposal of Suncani Hvar r

GSG GROUP / Key word(s): Disposal 11.06.2014 20:49 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- GSG GROUP - Disposal of Suncani Hvar receivables Luxembourg, 11th June 2014. GSG GROUP announces that on 11th June 2014 it entered into a transaction concerning the disposal of its receivables from Suncani Hvar d.d. ("SHH"). On 2nd April 2014 GSG GROUP acquired receivables from two bank creditors of SHH. GSG GROUP now entered into a transaction concerning the disposal of these receivables for a sale price equal to the nominal value and accrued interests. GSG GROUP will as a result recognize a profit of close to EUR 9 million. The transferred receivables are secured by mortgages on SHH prime assets. GSG GROUP also mediated the opportunity for ORCO PROPERTY GROUP to dispose of its stakes in SHH. SHH filed for pre-bankruptcy proceedings in April 2014. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About us GSG GROUP (formerly ORCO Germany S.A.) is a real estate group founded in 2004 that operates in Germany and headquartered in Luxembourg. It is listed on the Regulated Market of the Frankfurt Stock Exchange, General Standard segment. GSG GROUP specializes in commercial real estate, project development and asset management, and is mainly active in the Berlin market. Through its subsidiary, Gewerbesiedlungs-Gesellschaft (GSG), it remains one of the leading providers of commercial real estate in Berlin. Press-Contact: Kirchhoff Consult AG Sebastian Bucher Herrengraben 1 20459 Hamburg T +49 40 60 91 86 18 F +49 40 60 91 86 60 E sebastian.bucher@kirchhoff.de 11.06.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: GSG GROUP 40, rue de la Vallée L-2661 Luxembourg Grand Duchy of Luxembourg Phone: +49 (0)30 390 93 116 Fax: +49 (0)30 390 93 199 E-mail: patricia.jaenisch@orco-gsg.de Internet: www.orcogermany.de ISIN: LU0251710041 WKN: A0JL4D Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Düsseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------