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Announcement in accordance with § 15 WpHG: Aareal Bank sells property company in Sweden – slightly raises guidance for 2015's full-year consolidated operating profit, thanks to the positive impact on earnings

Aareal Bank AG has sold all the shares in its wholly-owned subsidiary Aqvatrium AB, the owner of Fatburssjön 10/Fatburen, a commercial property located in Stockholm. The buyer is AMF Fastigheter AB, a wholly-owned subsidiary of AMF Pensionsförsaking AB domiciled in Sweden. The preliminary purchase price is SEK 3,006 million, equivalent to approximately € 323 million. The parties signed a corresponding agreement today. Aareal Bank will realise non-recurring income expected to amount to approximately € 70 million from the transaction. The majority of this figure will be incurred at the closing date of the transaction – expected for April 2016 – and hence, in the next financial year. Based on the portion of income (€ 12.5 million) to be recognised already in the 2015 financial year, Aareal Bank AG slightly increases its consolidated operating profit forecast for the full year 2015, from between € 450 million to € 460 million, to between € 460 million and € 470 million. At the end of February, Aareal Bank will report on the impact of the transaction's contribution to 2016 results on the Bank's full-year guidance for 2016, as part of its outlook for the 2016 financial year.

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