IVG Immobilien AG / Key word(s): Restructure of Company/Insolvency 20.08.2013 16:00 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- In the negotiations conducted by IVG Immobilien AG (IVG or Company) and the representatives of principal creditors affiliated in 'Ad hoc-Committees' with regard to (i) a loan agreement in the amount of EUR 1,350 million dated 25 September 2007/13 April 2012 (SynLoan I), (ii) a loan agreement in the amount of EUR 1,047.4 million dated 12 May 2009/24 February 2012 (SynLoan II), (iii) the bilateral loan agreement in the amount of EUR 100 million dated 30 November 2007/13 April 2013 (LBBW Loan) and (iv) the convertible bond (ISIN: DE000A0LNA87) on a comprehensive restructuring concept and the bridge financing necessary to cover an additional liquidity need no agreement could be reached - despite the submission of key principles of a restructuring concept by principal creditors as announced in the ad hoc publications published on 10 August 2013 and 12 August 2013 -, which sufficiently takes into account the interests of all the company's stakeholders and which sufficiently ensures a successful implementation of the restructuring concept. Discussions with major representatives of all levels of capital have shown that, with the exception of major shareholders, support for the concept presented by SynLoan I/LBBW- and convertible bond holders cannot be expected. Against this background, the executive board - after intensive discussions with the supervisory board - has come to the conclusion that the positive going-concern prognosis under German insolvency laws ('positive Fortbestehensprognose') for IVG cannot be upheld. Therefore, the executive board will file an application for the opening of protective shield proceedings ('Schutzschirmverfahren') with the competent local court of Bonn/Germany today in order to achieve a sustainable restructuring of the company by way of self-administration('Eigenverwaltung'). The application will solely affect IVG as parent company of the IVG group. All of IVG's subsidiaries, in particular IVG Institutional Funds GmbH, IVG Asset Management GmbH, IVG Caverns GmbH, IVG Investment GmbH, IVG Development GmbH, IVG Private Funds GmbH, IVG Private Funds Management GmbH, IVG Immobilien Management REIT-AG and all property management companies, shall remain unaffected by the proceedings. The operative business shall proceed unaffected as well. 20.08.2013 DGAP's 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: IVG Immobilien AG Zanderstr. 5-7 53177 Bonn Germany Phone: +49 (0)228 844-400 Fax: +49 (0)228 844-372 E-mail: [email protected] Internet: www.ivg.de ISIN: DE0006205701, DE000A0JQMH5 WKN: 620570, A0JQMH Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), München; Freiverkehr in Hamburg, Hannover, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------