Appointment of Sole Broker

17 September 2018

Phoenix Spree Deutschland Limited(The "Company" or "PSDL")

Appointment of Numis as Sole Broker

Phoenix Spree Deutschland (LSE: PSDL.LN), the UK listed investment company specialising in German residential real estate, is pleased to announce that it has appointed Numis Securities Limited ("Numis") as Sole Broker to the Company, effective immediately.

For further information please contact:

Phoenix Spree Deutschland Limited +44 (0)20 3937 8760

Stuart Young

Numis Securities Limited (Corporate Broker) +44 (0)20 7260 1000

David Benda

Tulchan Communications (Financial PR) +44 (0)20 7353 4200Peter HewerElizabeth Snow

About Phoenix Spree

Phoenix Spree Deutschland is an investment company founded in 2007 and listed on the London Stock Exchange. It is a long-term investor in Berlin rental property, committed to improving the quality of accommodation to its customers.

Over the past eleven years, the Company has assembled an attractive portfolio of real estate assets which the Directors believe offers investors the potential for both reliable income as well as capital growth.

PMM Partners has acted as the Property Advisor since the Company's inception. It has an experienced team of property professionals with long-standing experience of the German residential property market.

ENDS