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MLP acquires 75.1 percent stake in DEUTSCHLAND.Immobilien Group

Wiesloch, 19th March 2019, 18:16 CET - MLP SE has acquired a 75.1 percent stake in DEUTSCHLAND.Immobilien Group in Hannover through its 100% subsidiary MLP Finanzberatung SE. MLP is thereby strategically expanding its real estate business and also extending its business divisions by real estate development and real estate management. The total purchase price is currently expected to be in the lower double-digit million range. It comprises an initial purchase price and a performance-based purchase price component, which is linked to business development from 2019 to 2021. MLP has agreed a right of first refusal for the outstanding shares in DEUTSCHLAND.Immobilien Group that remain with the management of the company. A corresponding purchase agreement has been signed today.

DEUTSCHLAND.Immobilien is a marketplace for investment properties and collaborates with around 5,800 sales partners for this purpose. The comprehensive online platform comprises both third party real estate projects and, in selected areas, also real estate projects developed in-house, above all in the field of age-appropriate living and nursing care. This successful business model will be continued and further strengthened. MLP also sees additional potential in conjunction with the existing business with MLP's private clients and within the MLP Group as a whole.

The closing of the transaction is expected for the third quarter 2019. MLP is anticipating a contribution to earnings before interest and taxes (EBIT) by the DEUTSCHLAND.Immobilien Group in the low single-digit million range beginning with the first full financial year after the acquisition, i.e. 2020. This transaction will have no impact on MLP SE´s forecast for 2019 where a slight increase in EBIT is anticipated.

The implementation of this undertaking comes into force with economic effect from January 1, 2019, subject to the approval by the competition authority and subject to the resolution of the relevant bodies.

The used key figures partly represent alternative performance indicators. A detailed description of these can be found at:

https://mlp-se.com/investors/mlp-share/key-figures/