Property Advisor Share Sales

RNS Announcement

RNS Number : 8094P

Phoenix Spree Deutschland Limited

12 February 2019

Phoenix Spree Deutschland Limited

(the "Company")

Property Advisor Share Sales

Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK Main Market listed investment company focused on Berlin residential real estate, announces it has been informed that PMM Partners (UK) Limited and its principals have sold a total of 2,239,361 shares in the Company at a price of £3.50 per share.

PMM Partners (UK) Limited acted as property advisor to the Company until it was replaced by PMM Residential Limited, effective from the 1^st of January 2019, in the previously announced intra-group reorganisation. The sale of the shares was made to cover the tax liabilities arising from the December 2017 performance fee which was paid by awarding PSD shares to PMM Partners (UK) Limited in May 2018.

For further information, please contact:

Phoenix Spree Deutschland Limited

Stuart Young

+44 (0)20 3937 8760

Numis Securities Limited (Corporate Broker)

David Benda

Tulchan Communications (Financial PR)

Elizabeth Snow

+44 (0)20 3100 2222

+44 (0)20 7353 4200

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

MSCGGUCAPUPBGAP

RNS metadata

Title: Property Advisor Share Sales
Time: 15:57:28
Date: 12 Feb 2019
Category: Miscellaneous
ID: 8094P