Scout24 AG: Scout24 successfully closes first issue of a Schuldschein loan with the amount of EUR 215 million

Scout24 successfully closes first issue of a Schuldschein loan with the amount of EUR 215 million

• Tranches of 3 to 6 years with fixed and variable interest rates
• Oversubscribed due to strong demand
• Schuldschein placed at the lower end of the price range

Berlin / Munich, 26 March 2018 - Scout24 AG ("Scout24" or "the Group"), the leading operator of digital marketplaces, specialising in the real estate and automotive sectors in Germany and other selected European countries, successfully completed the first placement of a Schuldschein loan. Due to the high demand, the placement was oversubscribed, and all tranches were placed at the lowest end of the respectively offered price range.

With its first Schuldschein loan, Scout24 is further diversifying its financing structure and extending its maturities profile. At the same time, the company is securing attractive long-term interest rates with tranches of 3 to 6 years of fixed interests. Scout24 will use the proceeds of the issue for a partial repayment of existing financial liabilities and thus increase the financial flexibility of the Group.

"Our first Schuldschein issue has been another great success for Scout24. Thus, we were able to successfully exploit the positive momentum of the strong results for the 2017 financial year and the good conditions on the Schuldschein market. The placement of all tranches at the lower end of the price range is a very good result, securing us even better interest-rate conditions. Thereby we can increase our financial flexibility and create more freedom for further growth. Last but not least, the good financing conditions and the high interest from investors are a further proof and recognition of the excellent operational work we have done in the Group in recent years," said Christian Gisy, CFO of Scout24 AG.

The Schuldschein loan was placed with professional investors only. More than 40 investors participated in the transaction. The transaction was supported by ING Bank and Landesbank Baden-Württemberg. Noerr LLP advised Scout24 on the transaction from a legal perspective.

About Scout24

With our leading digital marketplaces ImmobilienScout24 and AutoScout24 in Germany and across Europe we are inspiring people to make their best decisions on finding a home and a car. More than 1,000 employees are working on the success of our products and services, putting the consumers' needs first in order to create a connected network for living and mobility. Scout24 is listed on the Frankfurt Stock Exchange (ISIN: DE000A12DM80, G24). For further information, please visit www.scout24.com, our Corporate Blog and Tech Blog, or follow us on Twitter and LinkedIn.

Investor Relations

Britta Schmidt
Vice President Investor Relations & Controlling
Fon: +49 89 44456 3278
Email: [email protected]

Media Relations

Jan Flaskamp
Vice President Communications & Marketing
Fon: +49 30 24301 0721
Email: [email protected]

Disclaimer:

All information contained in this document has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith.

The information contained in this release is subject to amendment, revision and updating. Certain statements, beliefs and opinions in this document are forward-looking, which reflect the Company's or, as appropriate, senior management's current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Statements contained in this document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any information contained in this press release (including forward-looking statements), whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this document.

Scout24 also uses alternative performance measures, not defined by IFRS, to describe the Scout24 Group's results of operations. These should not be viewed in isolation but treated as supplementary information. The special items used to calculate some alternative performance measures arise from the integration of acquired businesses, restructuring measures, impairments, gains or losses resulting from divestitures and sales of shareholdings, and other material expenses and income that generally do not arise in conjunction with Scout24's ordinary business activities. Alternative performance measures used by Scout24 are defined in the "Glossary" section of Scout24's Annual Report 2016 which is available at www.scout24.com/financial-reports.

Due to rounding, numbers presented throughout this statement may not add up precisely to the totals indicated, and percentages may not precisely reflect the absolute figures for the same reason.