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IMPORTANT NOTICE TO U.S. SHAREHOLDERS OF GSW IMMOBILIEN AG

The settlement offer described in the following documents will be made for the securities of Deutsche Wohnen AG (“Deutsche Wohnen”), a German company and is subject to German disclosure requirements, which are different from those of the United States. The financial information included in the German securities prospectus relating to the settlement offer has been prepared in accordance with accounting standards applicable in Germany and thus may not be comparable to financial information of United States companies.

It may be difficult for you to enforce your rights and any claim arising out of the U.S. federal securities laws, since Deutsche Wohnen is located in a foreign country, and some or all of their officers and directors may be residents of a foreign country. You may not be able to sue Deutsche Wohnen or its officers or directors in a foreign court for violations of the U.S. securities laws. Further, it may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court’s judgment.


IMPORTANT NOTICE TO ALL SHAREHOLDERS OF GSW IMMOBILIEN AG

The information furnished on the following web page(s) is only intended to be available to residents of Germany, Luxembourg and the United States, and to such persons resident in other jurisdictions that are permitted to access the information under the laws of the relevant jurisdiction. In certain jurisdictions outside Germany, Luxembourg and the United States, including, but not limited to, Australia, Canada, Japan, the United Kingdom and other member states of the European Economic Area, the furnishing of such information may be restricted or prohibited by applicable laws. Users of this website are requested to inform themselves about and observe any such restrictions.

THE FOLLOWING DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES IN THE UNITED KINGDOM OR IN ANY OTHER JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS NOT AUTHORIZED OR TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION.

By entering this information and selecting the "Continue" button, you warrant that you are either (i) a resident of Germany, Luxembourg or the United States or (ii) permitted under the laws of the jurisdiction of your residence to access this information, in particular, in case you are a resident of a member state of the European Economic Area, that you are a “qualified investor” within the meaning of the Directive 2003/71 EC of the European Parliament and of the Council of November 4, 2003 and fulfill such other requirements as may be applicable under the laws of your home jurisdiction, and, in each case, you agree that you will not transmit or otherwise send any information contained in this website to any person not resident in Germany, Luxembourg or the United States.