Placing price for JK Wohnbau AG shares fixed at EUR 8.00 - issue significantly oversubscribed

(PresseBox) ( Munich, )
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- All 11,000,000 shares on offer (including greenshoe) subscribed for by institutional and private investors
- Gross issue proceeds of up to EUR 88.0 million serve continued growth
- Company aims for initial listing already on November 10, 2010

Together with the lead managing bank, quirin bank AG, JK Wohnbau AG has today fixed the placing price for the shares offered as part of the IPO at EUR 8.00. The price is accordingly at the upper end of the bookbuilding price range, due to high demand from investors both in Germany and abroad. The issue was oversubscribed.

As part of the public offering in Germany, as well as a private placement in the rest of Europe, 10,000,000 new ordinary bearer shares (individual share certificates) were placed. JK Wohnbau AG will receive gross issue proceeds of EUR 80 million as a result of the offering. The share capital of JK Wohnbau will rise accordingly from EUR 10,764,000 to EUR 20,764,000. Given the complete exercise of the greenshoe option - a further 1,000,000 shares from a capital increase from approved capital that has yet to be approved - the company would receive a further EUR 8.0 million, as a consequence of which the share capital would rise to EUR 21,764,000.

JK Wohnbau is endeavouring to bring forward the initial listing of the shares on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard segment) from November 11 to November 10, 2010.

- Additional information:
- ISIN: DE000A1E8H38
- WKN: A1E8H3
- Ticker symbol: JWB
- Listing applied for: Regulated Market / Prime Standard of the Frankfurt Stock Exchange
- Registered office of the company: JK Wohnbau AG, Palais Leopold, Leopoldstrasse 8, 80802 Munich

Disclaimer

This announcement and the information that is contains may not be brought or communicated to the United States of America (USA), or be distributed or transferred to U.S. persons (in the meaning of Regulation S issued under the Securities Act of 1933, consequently including legal persons), as well as to publications with general distribution in the USA. Any violation of this restriction may substantiate an infringement against the U.S. securities laws. Shares of JK Wohnbau AG are not, and will not, be registered under U.S. securities regulations, and will not be offered, sold or issued to U.S. persons, or within the USA, for purchase without such a registration or an exemption from the registration requirement. This ad hoc announcement is not an offer to purchase or subscribe for shares.
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