conwert Immobilien Invest SE, traded on the Austrian ATX, announces that the Administrative Board acknowledges the takeover offer published today by Deutsche Wohnen AG for €11.50 per share.

The Administrative Board will issue its opinion on the offer within ten trading days. It will thoroughly evaluate the offer in light of the share's performance prior to the announcement of the takeover bid by Deutsche Wohnen AG and take into account the offer price, which is far below conwert's NAV/share, and the outlook for conwert for the following years.

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