GRAND CITY PROPERTIES S.A.
Luxembourg, January 2, 2014.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS

Grand City Properties S.A. continues the growth plan and successfully acquires additional properties

Grand City Properties S.A. (the 'Company') successfully completed the acquisition of several portfolios. As of January 2014 the portfolio includes over 26,000 units and positions the Company's gross rental income run rate on approx. EUR170 million per year.

The Company intends to continue its growth in 2014 and currently is in advanced process of closing of several additional under-performing property portfolios with a total volume of more than EUR200 million.

The portfolios are consistent with the Company's business strategy, and the geographic distribution is with primary focus on North Rhine-Westphalia and Berlin.

About Grand City Properties:
Grand City Properties (ISIN: LU0775917882) is a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office at 6, Boulevard Pierre Dupong, L-1430 Luxembourg and being registered with the Luxembourg trade and companies register (Registre de Commerce et des Sociétés Luxembourg) under number B 165560. The company focuses on investing in and managing turnaround opportunities in the real estate property market in Germany, especially in densely populated areas. The Company improves the properties through targeted modernization and intensive tenant management, vacancy decrease and cost control. The Company follows primarily a buy and hold strategy. For the nine months ending September 2013, the Company reported an EBITDA of EUR157 million (YOY increase of 70%), and a net profit of EUR137 million (YOY increase of 105%). EPRA NAV amounts to EUR730 million, as of September 2013 including the recent EUR175m capital increase. Since May 2012, Grand City Properties is listed on the Frankfurt Stock Exchange Entry Standard. Further information: www.grandcityproperties.com

Contact:
Grand City Properties S.A.
6, boulevard Pierre Dupong
L 1430 Luxemburg
www.grandcityproperties.com

Press Contact:
Katrin Petersen
Grand City Properties S.A.
T: +49 (0)30 887088-1128
E: [email protected]
www.grandcityproperties.com

Disclaimer:
This information does not constitute an offer to sell or an invitation to make a bid for the purchase or subscription of securities of Grand City Properties S.A. This information does not constitute an offer to sell securities in the United States of America, Canada, Australia, Japan or other jurisdictions in which an offer is subject to statutory restrictions. The securities mentioned in this information may not be offered or sold in the United States or to US persons (as defined in Regulation S under the Securities Act of 1933 as amended from time to time (the 'Securities Act')) unless they have previously been registered or, if they have not previously been registered, only based on an exceptional regulation. Subject to certain exceptions pursuant to the Securities Act, the securities mentioned in this information may not be offered or sold in Australia, Canada or Japan or to, or for the account of, Australian, Canadian or Japanese residents. The securities mentioned in this information will not be registered in Canada, Australia and Japan in accordance with the respective legal provisions in these countries.

This announcement may contain projections or estimates relating to plans and objectives relating to our future operations, products, or services, future financial results, or assumptions underlying or relating to any such statements, each of which constitutes a forward-looking statement subject to risks and uncertainties, many of which are beyond our control. Actual results could differ materially, depending on a number of factors.