BCRE.L Regulatory News (BCRE)

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Admission to the Official List

Further to its announcement on 21 May 2014, the Company announces that the admission of its entire issued ordinary share capital to the standard listing segment of the Official List of the UK Listing Authority and admission to trading on the main market for listed securities of London Stock Exchange plc ("Admission") became effective at 08.00 a.m. (GMT) today.

The Company's ordinary shares trade under the code BCRE and with ISIN Code NL0010763611.

Summary

§ The Company has raised approximately €26.05 million, before expenses, through the placing of 16,097,883 new ordinary shares at approximately €1.62 per ordinary share (the "Placing Price") at the same time as Admission. The net proceeds will be used in a targeted manner by the Company primarily for future working capital purposes and to help fund the Company's existing and future projects.

§ In addition, 10,206,973 existing ordinary shares have been sold by WP Holdings I B.V. ("WP") at the Placing Price. Following this sale, upon Admission, WP will hold a 4.92% interest in the Company.

§ The number of ordinary shares in issue immediately after Admission will be 160,689,583 giving the Company a market capitalisation of approximately €260.05 million at the Placing Price.

About BCRE

§ The Company is an international real estate development and investment group, headquartered in the Netherlands. Through its subsidiaries and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets, predominantly located in the USA, Germany, Russia, India and, recently, the UK.

§ BCRE's net assets as at 31 December 2013 were €233.9 million. The Company had revenues of €54.9 million in the financial year ended 31 December 2013. The Company's bond series currently in issue are rated A3 by Midroog (an Israeli subsidiary of Moody's Investor Service Inc.)

§ The Company's established platforms have exclusive access to over 400 staff spread across the US, Germany, Russia, India and the UK.

§ The current portfolio of properties in which the Company is interested comprises income-producing residential and commercial properties with a total built area of 960,000m² (831,000m² in December 2013).

§ The Company currently is interested in 8,920 income-producing residential units (7,040 in December 2013) and in 36 income-producing commercial properties (35 as at 31 December 2013) across the US, Germany and Russia.

§ In addition, BCRE is interested in development projects currently under construction with a total combined lettable and saleable area of approximately 223,000m².

§ As at 31 December 2013, the aggregate value of properties in which the Company is interested in differing percentages was approximately US$2.5 billion.

§ The Company's German subsidiary, Brack Capital Properties N.V. ("BCP"), was listed on the Tel Aviv Stock Exchange ("TASE") in December 2010 and is a member of the Tel Aviv 100, the 100 largest companies in the TASE.

§ The current notable developments in which BCRE is interested include the recently opened 230 rooms CitizenM hotel at Times Square, Manhattan, the 295 room Indigo Hotel at the Lower East Side, Manhattan (projected to open early 2015), Grafental - a major residential and mixed use development in a central location in the city of Dusseldorf and the Lyubertsy (under-construction) and Dmitrov (operational) shopping centres in the Moscow Region.

§ Recently sold developments in which BCRE was interested in include The James Hotel in Soho, 15 Union Square West and the Greystone on the Upper West Side, all in Manhattan.

History, Board of Directors & Senior Management

§ BCRE was established in December 2004 to consolidate and carry out the real estate activities of the Brack Capital Group (the "Group"), a group of companies formed in 1992 primarily by Shimon Weintraub and Ronen Peled active in the energy, real estate and technology sectors. Subsequent to 2004, all the real estate investments of the Group are undertaken exclusively through BCRE.

§ The Group, which is currently controlled by Shimon Weintraub, has almost 20 years of history in the real estate sector, having invested in properties across office, retail, hotels and residential space.

§ In 2002, a consortium led by a member of the Group (also comprising Apollo, Merrill Lynch, Lehman Brothers and others) made a successful bid for 82.7% of the issued share capital of Haslemere (a Dutch company listed on Euronext in Amsterdam, with secondary listings in London and Frankfurt and a listing on the Marché Libre in Paris, and with a UK real estate portfolio of 130 properties worth approximately €2.4 billion), valuing the whole company at €1.46 billion.

§ Harin Thaker is the Non-Executive Chairman of the Company. Harin Thaker has also been serving as the Chief Executive of Aeriance Investments S. A. since 2013 and as a non-executive director of Secure Property Development & Investment since 2012.

§ Jan van der Meer and Daniel Aalsvel are the Company's other Non-Executive Directors. Jan van der Meer was a member of the supervisory board at Rodamco UK and was CEO of the Rodamco Continental Europe division from 1991 to 1998. Daniel Aalsvel is associated with Coast Capital Partners ("CCP"), a real estate investment and development company, and is currently leading CCP's office in the Czech Republic.

§ Michiel Olland is the Executive Director of the Company. Michiel is also the principal of MO Real Estate B.V. Previously, Michiel was Executive Vice President and Fund manager Real Estate Europe and Asia/Pacific at Dutch pension fund ABP.

§ The Senior Management team is led by Ariel Podrojski and Nansia Koutsou, CEO and CFO, respectively.

Ariel Podrojski, Chief Executive, said:

"We are very pleased to joining the main market of the London Stock Exchange and we welcome all the new investors who have bought shares in the business. This is an important step in the development of BCRE and we look forward to continuing to develop in our chosen markets and making use of the platform our London listing will provide."

ENQUIRIES:

Unless otherwise defined herein, capitalised terms in this announcement shall have the meaning given to such terms in the Prospectus.

The Company is not offering any ordinary shares or other securities in connection with Admission. This document does not constitute an offer to sell, or the solicitation of an offer to subscribe for or buy ordinary shares or other securities in any jurisdiction. The shares of the Company have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the Securities Act), or under any securities laws of any state of the United States and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The contents of this announcement have been prepared by and are the sole responsibility of the Company.

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United Kingdom by the FCA, is acting for the Company and no-one else in connection with Admission and will not regard any other person as its client or be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to Admission or any transaction or arrangement referred to in this announcement.