Press release

Preliminary figures of TLG IMMOBILIEN AG show significant FFO growth in 2016

- Funds from operations (FFO) are expected to increase significantly by approx. 20% to approx. EUR 77 m in the 2016 financial year (2015: EUR 64 m)

- EPRA Net Asset Value (EPRA NAV) is expected to increase to approx. EUR 1.25 bn (2015: EUR 1.17 bn) or EUR 18.49 per share and thus increased by approx. 6% (31/12/2015: EUR 17.37 per share)

- Rental income is expected to increase by approx. 10% to EUR 140 m due to new acquisitions and higher rents than in the previous year (2015: EUR 127 m)

- The portfolio value is expected to increase to approx. EUR 2.24 bn, primarily due to acquisitions (31/12/2015: EUR 1.77 bn)

Berlin, 23 January 2017 - During the 2016 financial year, TLG IMMOBILIEN AG was able further expand its business model aimed at financially-accretive expansion. As at 31 December 2016, its portfolio value amounted to approx. EUR 2.24 bn (31/12/2015: EUR 1.77 bn), based on the status of the current audit. New additions to the company's portfolio in the asset classes office, retail and hotel with a total investment volume of approx. EUR 443 m were the key contributors to this growth. Despite strategic acquisitions of office properties in Berlin with considerable vacancies, the company was able to maintain the total occupancy rate for its portfolio at the high level of the previous year. As a result, TLG IMMOBILIEN AG can report approx. a 10% increase in rental income to approx. EUR 140 m for the 2016 financial year (2015: EUR 127 m), based on preliminary figures that have not been audited yet. The funds from operations (FFO) are expected to amount to approx. EUR 77 m (2015: EUR 64 m) in the fiscal year 2016, which corresponds to a significant approx. 20% increase. The FFO are therefore above the range of between EUR 74 m and EUR 76 m forecasted for 2016.

EPRA Net Asset Value (EPRA NAV) also increased during the 2016 financial year. At the end of 2016, EPRA NAV is expected to amount to approx. EUR 1.25 bn or EUR 18.49 per share, corresponding to approx. a 6% increase year-over-year (31/12/2015: EUR 1.17 bn or EUR 17.37 per share).

The publication of the audited consolidated annual financial statements is scheduled for 9 March 2017.

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About TLG IMMOBILIEN AG
TLG IMMOBILIEN AG is a listed leading commercial real estate company in Germany that has been synonymous with real estate expertise for over 25 years. TLG IMMOBILIEN AG generates stable rental income and exhibits low vacancy rates, very good building stock and profits from its local employees' excellent market knowledge. As an active portfolio manager, TLG IMMOBILIEN AG is specialised in commercial properties for office and retail use: it focuses on managing a high-quality portfolio mostly comprising office properties in Berlin, Frankfurt/Main, Dresden, Leipzig and Rostock. The company also has a regionally diversified portfolio of retail properties in highly frequented micro-locations. The portfolio also includes seven hotels in Berlin, Dresden, Leipzig and Rostock. TLG IMMOBILIEN AG's properties stand out not only due to their excellent locations but also because of their long-term rental or lease agreements.

According to preliminary figures that have not yet been audited, as at 31 December 2016, the portfolio value amounted to EUR 2.24 bn and EPRA Net Asset Value per share amounted to EUR 18.49.

This publication contains future-oriented statements based on current opinions and assumptions of the management of TLG IMMOBILIEN AG made to the best of their knowledge. Future-oriented statements are subject to known and unknown risks, uncertainties and other factors that can lead to the turnover, profitability, target achievement and results of TLG IMMOBILIEN AG differing greatly from those named or described expressly or implicitly in this publication. Due to this, those who come into possession of this publication should not trust in such future-oriented statements. TLG IMMOBILIEN AG accepts no liability and gives no guarantee for the correctness of such future-oriented statements and will not adjust them to future results and developments.

This publication contains preliminary financial information for the fiscal year ended 31 December 2016. The auditor of TLG IMMOBILIEN AG, Ernst & Young Wirtschaftsprüfungsgesellschaft GmbH, Stuttgart, has not issued an audit report with respect to this financial information and the audit of such information has not been completed yet. The final financial information for the fiscal year ended 31 December 2016 will be published in the audited consolidated financial statements of the company for the fiscal year ended 31 December 2016. This publication is currently scheduled for 9 March 2017.