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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.