Half-year results confirm growth targets

> Positive half-year result of € 0.8 million

> Portfolio development on track

> Properties with € 437 million market value at 30 June 2015

Frankfurt, 28 August 2015 - Despite significant investments in its portfolio, one year after its operative restart WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) reports positive group earnings of € 0.8 million for the 1st half of 2015. After the strong 1st quarter of 2015, the expansion of the property portfolio continued to progress successfully in the 2nd quarter through the acquisition of 47 new properties.

‘The strong figures for the first half of 2015 show that WCM AG is on the right track. The clear focus on retail and office properties in combination with good tenants as well as long leases is paying off. Just one year after the operational restart of WCM AG, we can already report positive group earnings. I am optimistic that this trend will continue in the 2nd half of 2015, and our portfolio will show even greater performance’, says Stavros Efremidis, CEO of WCM AG.

The rental income and hence also the revenues in the 1st half of 2015 amounted to € 2.2 million (H1/2014: € 0), while group earnings amounted to € 0.8 million (H1/2014: € -0.5 million). The revenues result from investments in commercial properties purchased at the beginning of 2015 as well as since mid-March. The transaction costs associated with the expansion of the property portfolio in the 1st half of 2015 amounted to € 2.9 million.

As of 30 June 2015, the total contractually secured property portfolio of WCM AG amounts to 51 properties. The gross asset value of the property portfolio amounted to c. € 437 million (as of 31 March 2015, € 81 million, 4 properties). Another property was acquired in July 2015, leading to a total portfolio market value of c. € 447 million. The management assumes the transfer of ownership of all properties to be completed by the end of the year. The annual rental income of the current portfolio realises a net income of c. € 30 million. The average remaining lease term is at 10 years.

‘We were able to expand our portfolio significantly in the 1st half of 2015, and will continue to do so over the forthcoming months. Our goal is to build up a property portfolio of more than € 1 billion in the medium term’, adds Stavros Efremidis.

The full half-year report is available for download in the Investor Relations section under www.wcm.de.

About WCM AG

WCM Beteiligungs- und Grundbesitz-AG (WCM AG), with headquarters in Frankfurt am Main, is a specialised commercial real estate company. As a real estate proprietor, the focus is on long-term rental of high-quality office and retail properties in the major office locations in Germany. Since the operational restart in 2014, WCM AG has focused on an extensive network for the purchase of property as well as on value-creating asset management, in order to generate attractive long-term rental income and a steady cash flow. As of 30 June 2015, the property portfolio comprised c. € 437 million. In the medium term, WCM AG plans to build up a portfolio of more than € 1 billion. The company has extensive loss carry forwards in corporate and commercial tax. Shares in WCM AG are listed in the Prime Standard of Deutsche Börse.