DGAP-PVR: BUWOG AG: Release according to Article 93,

BUWOG AG 30.12.2014 14:49 Dissemination of a Voting Rights Announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- BUWOG AG: Change in stake of voting rights of IMMOFINANZ AG IMMOFINANZ AG notified on 23 December 2014 pursuant to sections 91 et seq. Austrian Stock Exchange Act a change of the relevant interest of IMMOFINANZ AG (together with controlled undertakings) of voting rights in BUWOG-shares and that reporting thresholds have been crossed. BUWOG AG exercised on 18 December 2014 its right to call the convertible bond due 2019 (ISIN AT0000A17CA5) (effective with 19 January 2015) under the terms and conditions in order to repay the convertible bond. Hence, conversion rights under the convertible bonds due 2019 cannot be exercised and holders of the convertible bonds are not entitled to covert the bonds in BUWOG-shares. Therefore the relevant voting rights from the convertible bond due 2019 are no longer attributed to IMMOFINANZ AG: - As a result the interest of voting rights decreased from 63,187,893 shares / corresponding approx. 63.44% to 48,807,363 shares / corresponding approx. 49%. On 18 December 2014, the reporting threshold according to section 91 Austrian Stock Exchange Act of 50% has been crossed. The relevant interest of IMMOFINANZ AG (together with controlled undertakings) of voting rights of BUWOG-shares is 48,807,363 shares / corresponding approx. 49%. - Further and together with the retransfer of Loan Shares (see below) the relevant interest of voting rights attributable to IMMOFINANZ AG (together with controlled undertakings) according to section 91a Austrian Stock Exchange Act decreased from 22,664,349 shares / corresponding approx. 22.75% to 7,884,697 shares / corresponding approx. 7.92%. On 18 December 2014 the reporting thresholds of 20%, 15% and 10% for attributed voting rights in BUWOG-shares pursuant to section 91a Austrian Stock Exchange Act have been crossed. Regarding the relevant interest of voting rights of IMMOFINANZ AG in BUWOG AG (ISIN AT00BUWOG001) according to sections 91 et seq. Austrian Stock Exchange Act: 1. The relevant interest of IMMOFINANZ AG (together with controlled undertakings) of voting rights, without the former (potential) interest of voting rights in the convertible bond due 2019, is 48,807,363 shares / corresponding approx. 49%. This interest of voting rights includes (a) shares of BUWOG AG held by IMMOFINANZ AG (approx. 40.51%), (b) shares of BUWOG AG held by IMBEA IMMOEAST Beteiligungsverwaltung GmbH (100% subsidiary) (approx. 0.57%), (c) the BUWOG-shares ('Loan Shares') transferred under the global master securities lending agreements concluded with the underwriting institutions BNP Paribas Arbitrage SNC, Morgan Stanley & Co. International plc and J.P. Morgan Securities plc in connection with the EUR 375,000,000.00 1.5% bonds exchangeable into ordinary bearer shares of BUWOG AG due 2019 issued by IMMOFINANZ AG (ISIN XS1108672988, 'bonds exchangeable'), the voting rights of the Loan Shares are attributed to IMMOFINANZ AG because of IMMOFINANZ AG's entitlement to request the retransfer of the Loan Shares (section 91a para 1 no 1 Austrian Stock Exchange Act) (approx. 2.82%), and (d) those shares of BUWOG AG which IMMOFINANZ AG is entitled and obliged to purchase in case of the repayment of the financing transactions with IMMOFINANZ shares/BUWOG shares (approx. 5.10%) (section 91a para 1 no 1 Austrian Stock Exchange Act). 2. The relevant interest of voting rights according to sections 91, 92 Austrian Stock Exchange Act and section 91a Austrian Stock Exchange Act is described below: a) Shareholder/Entity: IMMOFINANZ AG Shares/Type of Instrument: BUWOG AG Ordinary Share (ISIN AT00BUWOG001) Exercise Period/Expiry Date: n.a./n.a. Number of Equivalent Shares (number of shares/%): 40,358,190 shares/approx. 40.51% b) Shareholder/Entity: IMBEA IMMOEAST Beteiligungsverwaltung GmbH (100% subsidiary of IMMOFINANZ AG) Shares/Type of Instrument: BUWOG AG Ordinary Share (ISIN AT00BUWOG001) Exercise Period/Expiry Date: n.a./n.a. Number of Equivalent Shares (number of shares/%): 564,476 shares/approx. 0.57% c) Shareholder/Entity: IMMOFINANZ AG Shares/Type of Instrument: retransfer right with respect to the Loan Shares pursuant to the securities lending within the scope of the issuance of the bonds exchangeable (section 91a para 1 no 1 Austrian Stock Exchange Act) Exercise Period/Expiry Date: on the maturity date of the bonds exchangeable (11 September 2019) and on delivery dates for BUWOG AG shares in case of redemption of the bonds exchangeable by way of share delivery (share redemption). Number of Equivalent Shares (number of shares/%): 2,804,410 shares/approx. 2.82% d) Shareholder/Entity: IMMOFINANZ AG Shares/Types of Instrument: financing transaction with IMMOFINANZ AG shares/BUWOG AG shares combined with the right/obligation to purchase BUWOG AG shares (ISIN AT00BUWOG001) upon redemption of the financing transaction (sec 91a para 1 no 1 Austrian Stock Exchange Act). Exercise Period/Expiry Date: ongoing/25 March 2015 Number of Equivalent Shares (number of shares/%): 5,080,287 shares/approx. 5.10% For questions please contact: INVESTOR RELATIONS Holger Lüth Head of Investor Relations & Corporate Finance Email: holger.lueth@buwog.at Tel.: +43-1-878 28 1203 Fax: +43-1-878 28 5203 MEDIA INQUIRIES Thomas Brey BUWOG Press Office, c/o LUSTIG+BREY Email: brey@lustigbrey.at Tel.: +43-1-233 01 23-15 Mobil: +43-0-676-542 39 09 30.12.2014 The DGAP 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: BUWOG AG Hietzinger Kai 131 1130 Wien Austria Internet: www.buwog.com End of Announcement DGAP News-Service ---------------------------------------------------------------------------