BUSINESS MODEL

SIGNA Development Selection (SDS) invests and owns shares in classical real estate developments in prime locations in large urban centres, mainly in the German-speaking region. These include office buildings and towers, larger residential projects, retail spaces and hotels. The company pursues a “buy-develop-sell" strategy. The public company was founded in 2014 with two of the group’s landmark projects. Both projects are centrally located in Vienna, near the main train station. With the projects “THE ICON VIENNA" as well as “PARKAPARTMENTS AM BELVEDERE" and “Andaz Vienna Am Belvedere", different objects were developed that meet high standards with regard to cost-effectiveness, technology and sustainability.

SIGNA Development Selection AG specialises in the development of classic commercial and residential real estate properties. Since the takeover, the company has also owned the long-established developer BAI (Bauträger Austria Immobilien GmbH), which was acquired by Austria UniCredit Bank AG in 2017. BAI owns residential and commercial real estate development projects at various stages, which are managed by a team of 50 in-house real estate specialists, and makes SIGNA Development Selection AG Vienna’s largest project developer by far. SIGNA Development Selection AG develops and sells commercial and residential real estate properties in Germany, Austria and Italy.

As part of the SIGNA Group’s long-term business model, SIGNA Development Selection AG aims to avoid competing with its sister company SIGNA Prime Selection AG by investing in real estate development projects in good locations away from prime inner-city spots. The value creation comprises planning, development, financing, construction, leasing and resale by SIGNA Development Selection AG. SIGNA Development Selection AG has a balance sheet totalling over three billion euros. The planned total investment costs of the company, based on the existing pipeline, amount to over six billion euros.

>840,000 m² total office and retail area are under development.
> 7,400 units total residential units are under development within SIGNA (including the BAI portfolio).
10 hotels are being developed.

Structure

SIGNA Holding holds (directly and indirectly) just under 54 percent of SIGNA Development Selection AG’s shares. The family office of the industrialist and STRABAG founder Hans-Peter Haselsteiner owns a qualified minority shareholding of 25 percent. The circle of shareholders also includes the RAG Foundation, which is responsible for financing the perpetual obligations of the German coal industry. R+V Versicherung was recruited as a new shareholder with a five percent stake in the 2019 financial year.

ManagementBoard of Management

Thomas Jakoubek

Thomas Jakoubek

Thomas Jakoubek has been Chairman of the Board of SIGNA Development Selection AG since August of 2017. A graduate in Civil Engineering and Spatial Planning, he was Managing Director and Company Spokesman of BAI Bauträger Austria Immobilien GmbH from 2004 to July 2020. He was Managing Director of Immobilien Holding GmbH from 2004 to 2017 as well as a member of the Board of Directors of WED AG from 1998 to 2017. In that position, Mr Jakoubek was responsible for the development of the DC Tower, the highest tower in Austria, and of Wien Mitte The Mall, the largest shopping centre in Vienna’s city centre.

Michael Möstl

Michael Möstl

Michael Möstl is a Member of the Management Board of SIGNA Development Selection AG and Managing Director of SIGNA Real Estate Management GmbH. He has worked for SIGNA since 2014, and prior to that, he was employed in Germany and Austria as Managing Director and Member of the Board of the Seeste Group of Companies since 1993. He has many years of experience in the development and construction of high quality privately financed residential properties. Since 1998, Michael Möstl has been largely responsible for the development of Seeste Bau AG Wien. After completing his technical training, he worked in project management for Siemens, EKZ Interspar and BOE, among others.

Christoph Stadlhuber

Christoph Stadlhuber

Christoph Stadlhuber, Austria CEO SIGNA Real Estate, started working with SIGNA in 2011 and is responsible for all real estate activities in Austria. Mr Stadlhuber is CEO of SIGNA Prime Selection AG, CEO of SIGNA Development Selection AG and Managing Director of SIGNA Holding GmbH. He completed his studies in Spatial Development and Planning at the Vienna University of Technology. Among other things, he was Chef de Cabinet of the Austrian Federal Minister of Economics and Labour, Dr. Martin Bartenstein. As Managing Director of Bundesimmobiliengesellschaft m.b.H. from 2003 to 2011, he can look back on many years of significant real estate experience.

Manuel Pirolt

Manuel Pirolt

Manuel Pirolt has been SIGNA Prime Selection AG’s CFO since 2013. He has been working for SIGNA in the areas of corporate finance, investment controlling and transaction management since 2011. He began his professional career at BDO Austria in the areas of auditing, special audits and transaction consulting. In addition to his main focus on the construction and real estate industry, he supported clients from a wide range of sectors.

Timo Herzberg

Timo Herzberg

Timo Herzberg, CEO Germany of SIGNA Real Estate, has been a member of the SIGNA Group Executive Board since December of 2018. Timo Herzberg has been working for SIGNA since the beginning of 2017. He is responsible for and manages all real estate activities in Germany. He can look back on more than 20 years of experience in real estate investment and development business with national and international, private and institutional real estate investors. In 2006, he founded the Signature Capital Group Germany, which he led as Director as well as Managing Director.

Tobias Sauerbier

Tobias Sauerbier

Tobias Sauerbier has been a member of the SIGNA Prime Selection AG and SIGNA Development Selection AG Management Boards since March of 2019. He was also appointed Managing Director of SIGNA Real Estate Management Germany GmbH. Previously, he held numerous management positions, including Managing Director of IFM Asset Management GmbH and Member of the Board of IFM Immobilien AG (2009-2013), Managing Director of GWH Bauprojekte GmbH (2013-2015) and most recently (2016-2019) as a member of the Management Board of project development company Groß & Partner. Mr. Sauerbier graduated with a degree in Civil Engineering at the Wiesbaden University of Applied Sciences and studied Real Estate Economics at the European Business School in Oestrich-Winkel.

Claus Stadler

Claus Stadler

Claus Stadler has been a Member of the Management Board of SIGNA Prime Selection AG and SIGNA Development Selection AG since April of 2020. As COO-Austria, his activities focus on the Austrian developments of SIGNA’s real estate division. Mr Stadler has been Managing Director of BAI since August of 2020. Claus Stadler has almost 15 years of management experience in large-volume real estate developments throughout all of Austria. In his most recent position, he was general representative of the UBM management. Before that he was Managing Director of the Porr Group, and prior to that Managing Director of ÖBB Immobilienmanagement GmbH.

Development SelectionSupervisory Board

Dr. Karl Sevelda

Dr. Karl Sevelda

Dr. Karl Sevelda has over 40 years of experience in the banking sector. He worked at Creditanstalt-Bankverein for over 20 years before joining Raiffeisen Bankengruppe in 1998, where he was responsible for RZB’s corporate customer business until 2010. Between 2010 and 2013, he was Deputy Chairman of the Managing Board of Raiffeisen Bank International (RBI), and from June 7, 2013, he was its Chairman until 2017. The merger of RBI with its parent company RZB was completed towards the end of Dr Sevelda’s term of office, resulting in structural improvements and increased transparency.

Dr. Susanne Riess

Dr. Susanne Riess

Dr. Susanne Riess can look back on many years of political experience. She was sworn in as Vice Chancellor of the Federal Republic of Austria in 2000. Following her departure from the political arena, Ms Riess has been CEO of the Austrian Wüstenrot Bausparkassen- und Versicherungsgruppe since 2004, and she also holds numerous Supervisory Board mandates, such as on the Board of Directors of Swiss IHAG Privatbank.

Dr. Alfred Gusenbauer

Dr. Alfred Gusenbauer

Dr. Alfred Gusenbauer was Austria’s Chancellor. After leaving the political arena, he accepted several selected Supervisory Board mandates, including Chairman of the Supervisory Board of STRABAG, one of Austria’s largest construction groups, as well as SIGNA Prime Selection AG and SIGNA Development Selection AG. Since the 2009 winter semester, he has also been a Visiting Professor at the US Ivy League Harvard University. Alfred Gusenbauer is regarded as an expert in the areas of foreign, security and economic policy. He has been awarded several prestigious national and international prizes.

SIGNA Development SelectionProjekte

Investor RelationsTRUSTFUL CAPITAL MARKET DIALOGUE

As a leading real estate company, integrity, responsibility, fair play, compliance, and transparency constitute the essential foundation of SIGNA Development Selection AG. We are mindful of economic, environmental and social aspects as we regard raising the value of our assets and the company as our duty and our goal.

Our cooperation with investors is characterized by transparency, equal treatment, openness and trust. In the continuous exchange of information with our investors focus on efficient, direct and user-oriented communication to ensure the long-term success of our company.

Value-based corporate governance is deeply embedded in SIGNA Development Selection AG’s everyday business operations and practices. The Management Board and Supervisory Board are committed to adhering to the

Austrian Corporate Governance Code and thus to transparency and uniform principles of good corporate management.

In our Group‘s Value Management System we commit to acting with ethical integrity, adhering to internationally recognized social standards, and considering factors of ecological and social relevance in its day-to-day business. The Code of Conduct for Business Partners details our expectations and requirements that business partners be guided by fundamental ethical principles and operate sustainably.

The annual and consolidated financial statements of SIGNA Development Selection AG are audited by KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft. KPMG also evaluates the compliance with the Austrian Corporate Governance Code.

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SUSTAINABILITYA COMMITMENT TO RESPONSIBLE CONDUCT

SIGNA Development Selection AG (SDS) is committed to responsible corporate governance, and follows a model of sustainable development. In addition to economic interests, we systematically factor environmental and social issues into our business decisions and value chains. Economic success, integrity, and social responsibility carry equal weight at SDS.

As a partner to cities and municipalities, SDS has incorporated sustainability topics into its business model for several years now. This means that all development projects consider climate and environmental protection issues, and we are in continual dialogue with stakeholders. We adhere to the strictest quality and sustainability standards when developing office buildings and towers, larger residential projects, retail spaces and hotels — often as mixed-use real estate — as well as entire urban areas for the cities of tomorrow.

At SDS, we place great importance in transparent reporting of our sustainability performance. We offer a clear account of the activities and progress we have made in an annual sustainability report which is drawn up in accordance with international Global Reporting Initiative (GRI) standards.

In order to further strengthen our commitment to sustainability, SIGNA Development Selection AG has signed up to the UN Global Compact, the world’s largest and most important initiative for responsible corporate governance. As a major real estate investor in Europe, SDS has also undertaken to work towards the United Nations’ Sustainable Development Goals.

Within the framework of “Our sustainable SIGNAture 2025”, SDS has developed a sustainability strategy for the three action areas of Sustainable Buildings, Attractive Employer, and Corporate Governance and Compliance. By 2025 we aim to have achieved around 25 ambitious goals, and implemented roughly 70 specific measures. Qualitative and quantitative key performance indicators will be used to measure and control our sustainability performance.

Further information about the SDS sustainability strategy is available here.

sustainalytics

In March 2021, SIGNA Development Selection AG (SDS) achieved an excellent score during its first ESG rating by rating agency Sustainalytics. In the project developer category, SDS is among the top 1% of companies rated by Sustainalytics in the industry worldwide. Overall, this puts SDS in 36th place of 1,027 real estate companies assessed by Sustainalytics. SDS attained a risk score of 10.6 (low risk) on a scale of 0 to 100, where 0 represents a negligible ESG risk.

sustainalytics

Copyright © 2021 Sustainalytics. All rights reserved. This publication contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at www.sustainalytics.com/legal-disclaimers

Investor contact

A strong partnership with our investors is the foundation of our identity, which is based on personal service, diligence and transparency. The investor portal serves a personalised platform designed to build a trusting relationship with our existing or potential future investors through transparent information policy.

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Our Investor Relations team will be happy to answer any questions you may have about SIGNA at investor@signa.at.

Natalie Wierzbicki
office: +43 1 532 9848 2943
n.wierzbicki@signa.at

Sebastian Eggert
office: +41 44 2000 331
s.eggert@signa-financial.ch

Contact

Innsbruck Office

Maria-Theresien-Straße 31
6020 Innsbruck

T: +43 512 58 51 19-0
F: +43 512 58 51 19-1003
M: innsbruck@signa.at

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Vienna Office

Freyung 3, Palais Harrach
1010 Wien

T: +43 1 53 29 848-0
F: +43 1 53 29 848-2023
M: wien@signa.at

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