BCRE.L Regulatory News (BCRE)

29 December 2016

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Further extension of Convertible Bonds sale

Further to the announcement dated 14 October 2016, the Company remains in the process of marketing its 4.25% convertible bonds due 2020 ("Convertible Bonds"), which were purchased by a subsidiary for resale in the secondary market. The Company expects the resale of the Convertible Bonds to be completed in 2017.

A copy of the terms and conditions of the Convertible Bonds is available for inspection on the Company's website http://www.brack-capital.com. The Convertible Bonds are admitted to trading on the Marché Libre segment of Euronext Paris S.A. The listing notice of Euronext Paris S.A. is available for inspection at: https://www.euronext.com/nl/listings/notices.

ENQUIRIES:

DISCLAIMER - INTENDED ADDRESSEES

The Convertible Bonds have not been and will not be registered under the United States Securities Act of 1933, as amended ("Securities Act") and are subject to US tax law requirements. Subject to certain exceptions, the Convertible Bonds may not be offered, sold or delivered in the United States or to for the account of US persons (as defined in Regulation S under the Securities Act). No prospectus is required in accordance with Directive 2003/71/EC, as amended, for the issue and offering of the Convertible Bonds.

This announcement is for information purposes only and is not a prospectus and does not constitute an offer to subscribe for or buy Convertible Bonds or other securities of the Company ("Securities") in any jurisdiction. This announcement and the fact of its distribution is not and should not been seen as an inducement in relation to a decision to purchase Securities.

The contents of this announcement have been prepared by and are the sole responsibility of the Company.