The Management Board of Adler Real Estate has decided to postpone the issue of five-year notes convertible into shares of Adler Real Estate and extend the public offer in the form of a subscription rights offering to Friday, 15 July 2016. The final terms of the offering will be determined prior to the expiration of the extended subscription period. Adler Real Estate will publish a supplement to the approved securities prospectus dated 10 June 2016 relating to the offering. Adler Real Estate is headquartered in Hamburg.