MAGNAT Real Estate AG ("MAGNAT", ISIN DE000A0XFSF0) has sold its Delitzsch project in Germany as part of a share deal. This transaction will result in a positive impact on earnings in the MAGNAT Group results in accordance with IFRS. The impact will be approximately EUR 1.3 million and will already take effect for the Group's reported fourth quarter results for fiscal year 2012/2013 (January 1, 2013 to March 31, 2013). At the same time, the level of debt for the MAGNAT Group will drop by approximately EUR 3.7 million as a result of the sale of this project company.
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