Summit Germany Limited

(the "Company")

Sale of Property for €51.4 million

2 January 2018

Summit Germany Limited, the German commercial real estate company, is pleased to announce that its subsidiary has signed a binding agreement for the disposal of a German office building for a consideration of €51.4 million, 24% above its €41.4 million valuation as of 30.9.2017.

The property's NOI of €1.2 million p.a. reflects NOI yield of 2.3%.

Gross surplus cash flow, following a debt repayment, will amount to ca. €30 million. Completion is expected in the next few weeks.

For further information please contact:

Summit Germany Limited Zohar Levy - Managing DirectorTel: +44 (0) 1481 700 300

Itay Barlev (Braun) - Finance Director

Non-Executive Chairman Harry Hyman

Tel: +44 (0) 20 7451 7050

Carey Group, Company Secretary Sara Bourne

Tel: +44 (0) 1481 700 300

Liberum Capital Limited, Nominated Adviser and Joint Broker Chris Clarke / Jill Li

Tel: +44 (0) 20 3100 2222

Cenkos Securities, Joint Broker

Tel: +44 (0) 20 7397 8900

Ivonne Cantu

Russell Kerr / Selwyn Jones (Broking)

Inside Information

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

Summit Germany Ltd. published this content on 02 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 January 2018 11:09:02 UTC.

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