GIEAG EXPECTS TO REPORT CONSOLIDATED NET INCOME AFTER TAXES OF APPROX. 27 MILLION. EURO EARNED

Based on the current status of the still preliminary financial information, the management board of GIEAG Immobilien AG (GIEAG, ISIN DE0005492276) expects consolidated net income after taxes of around Euro 27 million for the 2018 financial year in accordance with HGB accounting principles. In 2017, the corresponding consolidated net income after taxes was minus 1.4 million euros. In its separate financial statements, GIEAG reported a profit after tax of Euro 37 million for 2018. A key driver of the profit jump in the past financial year was the successful sale of a logistics property in Erfurt to an institutional investor, announced in an ad hoc on July 2, 2018, which generated a profit contribution in the lower double-digit million euro range at Group level. GIEAG is expected to present the audited consolidated financial statements in the second half of May 2019. Based on the successful business development in 2018, the management and supervisory boards will propose the payment of a dividend of Euro 0.80 per share to the Annual General Meeting on June 6, 2019.