Press release

General meeting with unanimous resolutions -
Company's founder relinquishes his shares

- All of the management's proposals at the general meeting have been accepted unanimously

- As announced, the company's founder, Josef Kastenberger, has parted company with his shares



23.05.2014 - ISARIA Wohnbau AG's shareholders unanimously approved all of the management's proposals at today's general meeting in Munich. This means that new authorised capital is once again available.

On the same day, the company published the notice by its founder, Josef Kastenberger, that he had sold his approx. 22% interest in the company. These shares were no longer represented at the general meeting. The company assumes that, as a result, its free float will total at least 55% in the foreseeable future. In addition, larger interests will continue to be by seven institutional investors and family offices in Germany and abroad.

About ISARIA Wohnbau AG
ISARIA Wohnbau AG is a leading project developer for residential construction projects in Munich. The company was formed in 1995 and has been listed in Deutsche Börse's Prime Standard since 2010. The range of projects realised includes multi-storey apartments and terraced houses, through to the revitalisation of existing buildings, which means that ISARIA Wohnbau can offer residential properties to meet the needs of a wide variety of customer groups as both owner-occupied properties or for investment. More information available online: www.ISARIA-Wohnbau.de

Contact details
ISARIA Wohnbau AG
Leopoldstraße 8 | 80802 Munich
Telephone: +49 (0)89 38 99 84-0 | Telefax: +49 (0)89 38 99 84-770
E-mail: v.gerber@ISARIA-Wohnbau.de | Web: www.ISARIA-Wohnbau.de

End of Corporate News

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