Accentro-AG-Immobilien-Unternehmen-News
05 09 2014

ESTAVIS AG Postpones Publication of its 2013/2014 Annual Accounts until 30/09/2014 - Takeover Results in Extensive Tax Reassessments and Negative Post-Tax Income while Pre-Tax Income is Positive

ESTAVIS AG  / Key word(s): Miscellaneous/Profit Warning

05.09.2014 16:52

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Berlin, 5 September 2014 - The takeover of ESTAVIS AG by ADLER Real Estate
AG has necessitated extensive tax reassessments in the area of actual and
deferred taxes, one of the changes being the elimination of major tax loss
carryforwards. Due to the substantial extra effort involved in the
reassessment in conjunction with the compilation of its statement of
account and the audit of the account, ESTAVIS AG has postponed the
publication of its annual account for the 2013/2014 financial year,
originally scheduled for 22 September 2014, until 30 September 2014.
Contrary to the original forecast, the tax reassessments will return a
negative post-tax income for the group, whereas the consolidated income
before taxes was positive.

DISCLAIMER
This document does not constitute an offer to sell or the solicitation of
an offer to buy or subscribe for any securities. The debenture bonds will
be offered in Germany on the basis of a private placement, and otherwise on
the basis of a subscription offer addressed exclusively to shareholders of
ESTAVIS AG who already hold ESTAVIS shares prior to the subscription
period.

- End of communiqué for immediate release -

About ESTAVIS:
ESTAVIS AG is a listed property company focusing on residential properties.
The company buys up selected residential property and housing portfolios
for the purpose of privatising them or managing them long-term. ACCENTRO, a
subsidiary of ESTAVIS, is Germany's market leader in housing privatisations
as a service. ESTAVIS AG is headquartered in Berlin and is listed on the
Prime Standard of the Frankfurt Stock Exchange (German Securities Code
Number [WKN]: A0KFKB).

Contact:
ESTAVIS AG
Investor & Public Relations
Tel.: + 49 30 887 181 799
E-mail: ir (at) estavis.de

05.09.2014 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:      
ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Germany
Phone:        
+49 (0)30 - 887 181 - 0
Fax:          
+49 (0)30 - 887 181 - 11
E-mail:      
info (at) estavis.de
Internet:    
http://www.estavis.de
ISIN:        
DE000A0KFKB3
WKN:          
A0KFKB

Listed:      
Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement                             DGAP News-Service

--------------------------------------------------------------------------