Grand City Properties: Increase of Series B Bonds to EUR 200 million successfully completed

Luxembourg / Berlin, 24 July 2013: Grand City Properties S.A. (the 'Company') today successfully completed the increase of its Series B Bond by issuing 100,000 Further Series B Bonds with a denomination of EUR 1,000 each and a final amount of EUR 100 million. The issue was over-subscribed. Orders of retail investors were fully accepted. Today the trading of both tranches of the Series B Bonds with a total consolidated amount of EUR 200 million commenced in the Entry Standard segment for bonds on the Frankfurt Stock Exchange. On or around 2 September 2013, the Further Series B Bonds (current ISIN XS0951839991) will be merged with the first tranche of the Series B Bonds and will form a single series under the existing ISIN XS0937063310.

About Grand City Properties
Grand City Properties (ISIN: LU0775917882) focuses on investing in residential property in Germany, especially in large urban high-density areas. The Company follows primarily a buy and hold strategy. Efficient management tools enable sustainable and targeted management of real estate. The company valorize the objects through targeted modernization and runs an intensive tenant management. The company's portfolio comprises some 16,000 residential units including signed pipeline deals with lettable space in excess of 1.1 million square metres. In 2012, Grand City Properties has posted an EBITDA of 122 million euros and a net profit of 93 million euros. Since May 2012, Grand City Properties is listed on the Frankfurt Stock Exchange in the stock market segment Entry Standard. Further information: www.grandcityproperties.com

Press Contact:
Dariusch Manssuri
IR.on AG
T: +49 (0) 221 9140 975
E: [email protected]

Contact:
Kathrin Behlau
Grand City Properties S.A.
T: +49 (30) 887088183
E: [email protected]
www.grandcityproperties.com

Disclaimer
This press release does not constitute an offer to sell or an invitation to make a bid for the purchase or subscription of bonds of Grand City Properties S.A. The offer of bonds of Grand City Properties S.A. must be made exclusively on the basis of the securities prospectus approved by the Luxembourg Financial Supervisory Authority (CSSF), which has been published at www.grandcityproperties.com/bond. This press release does not constitute an offer to sell securities in the United States of America, Canada, Australia, Japan or other jurisdictions in which an offer is subject to statutory restrictions. The securities mentioned in this press release may not be offered or sold in the United States or to US persons (as defined in Regulation S under the Securities Act of 1933 as amended from time to time (the 'Securities Act')) unless they have previously been registered or, if they have not previously been registered, only based on an exceptional regulation. Subject to certain exceptions pursuant to the Securities Act, the securities mentioned in this press release may not be offered or sold in Australia, Canada or Japan or to, or for the account of, Australian, Canadian or Japanese residents. The offer or the sale of the securities mentioned in this press release will not be registered in Canada, Australia and Japan in accordance with the respective legal provisions in these countries. It is not intended to make a public offer of securities in the United States.