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!April 2017 – Annual report 2016

2

Company Highlights

Warimpex Finanz- und Beteiligungs AG, Vienna is one of the largest investors in commercial property in the CEE region with

14 Hotels (3,500 rooms) and 4 office buildings (48,000 sqm) in 6 countries

§ Superior locations and upper-end quality of hotels provide good customer value

§ Growth and value creation through active management of undervalued assets in emerging markets

§ EUR 25 mn. (EUR 0.5/share) hidden reserves as of 31.12.16

§ Listed in Vienna and Warsaw and traded at discount to NNNAV

§ Proven strong track record of professional, high-experienced management team and high transparency

Crowne Plaza****, St.PetersburgKempinski*****, ViennaIntercontinetal****,

Warsaw Andel’s****, Lodz

3

Operational Highlights

• 4/2016 Warimpex receives construction permit for Ogrodowa office building (roughly26,000 square metres) in Łódź

• 6/2016 Warimpex sells 50% share in office property Parkur Tower, Warsaw, to joint venturepartner

• 7/2016 Warimpex receives construction permit for Mogilska office building (roughly 12,000 square metres) in Krakow

• 10/2016 Warimpex sells Dioszegi Office building (800 m2) in Budapest

• 10/2016 Warimpex sells angelo Hotel in Prague (168 rooms)

• 11/2016 Warimpex redeems bond maturing in 03/17 in amount of PLN 15 million (roughlyEUR 3.4 million) early

• 2/2017 Warimpex sells 8 hotels (1,800 rooms) in 3 countries (PL, CZ, RO)

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4

Transaction Highlights

Warimpex Finanz- und Beteiligungs AG, Vienna sells 8 hotel (1,800 rooms) in 3 countries

§ Transaction value of approx. EUR 180mn (excluding the stakes of UBM)

§ Approx. EUR 100mn project loans of the assets to be disposed

§ Positive earnings contribution, which is expected to range around EUR 25m

§ Signed Feb. 23 2017

§ Closing to occur by summer 2017

plus Hotel Diplomat, Prague; Angelo, Plzen; Chopin, Krakow; Amber Baltic, Miedzyzdroje

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Company Overview after hotel sale – stake adjusted assuming values as of 31.12.2016 (before hotel sale 31.12.2016)

Strong regional diversificationReal estate held by sector

(share of GAV)Real estate assets by country

(share of GAV)Total GAV

approx. 160mn.

hotels37% (71%)

offices38% (17%)

development25% (12%) CZ

0% (17%) PL16% (40%)

HU16% (7%)

RU40% (19%)

F28% (13%)

RO0% (4%)

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Hotel Portfolio at a Glance

Hotel portfolio after disposal: 1,800 rooms in total (stake adjusted 900 rooms)Note: ** recognized as financial asset

100%Hotels (as of 31.12.2016) City Country Rooms Stake

Angelo**** (sold 10.2016) Prague CZ 168 100 %Diplomat**** (2017) Prague CZ 398 100 %Dvořák**** Karlovy Vary CZ 126 100 % operating leaseAngelo**** (2017) Plzeň CZ 144 50 %Angelo**** (2017) Katowice PL 203 50 %InterContinental**** Warsaw PL 404 50 % operating leaseChopin*** (2017) Krakow PL 220 100 %Amber Baltic**** (2017) Międzyzdroje PL 191 100 %Andel’s**** (2017) Krakow PL 159 100 % operating leaseAndel’s**** (2017) Łódź PL 278 100 %Angelo Airporthotel**** (2017) Bucharest RO 177 100 %

Crowne Plaza**** St. Petersburg Airport RU 294 55 %

Dream Castle**** Paris FR 397 50 %Magic Circus**** Paris FR 396 50 %Palais Hansen Kempinski***** Vienna AT 152 9,88 %**

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Occupancy, Room Rate, Room RevPAR and Total Gross Operating Profit

Hotel market 1- 12 / 2016

Source: www.trihospitality.com

Occupancy is the proportion of the bedrooms available during the period which are occupied during the period

Room Rate in EUR is the total bedroom revenue for the period divided by the total bedrooms occupied during the period

Room RevPAR is the total bedroom revenue for the period divided by the total available rooms during the period

GOP PAR is the Total Gross Operating Profit for the period divided by the total available rooms during the period

20%

30%

40%

50%

60%

70%

80%

90%

Bucharest Prague St. Petersburg Warsaw

Occ. 1-12/2015 Occ. 1-12/2016

0

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80

100

120

Bucharest Prague St. Petersburg Warsaw

EUR

ARR 1-12/2015 ARR 1-12/2016

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90

Bucharest Prague St. Petersburg Warsaw

EUR

RevPAR 1-12/2015 RevPAR 1-12/2016

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70

Bucharest Prague St. Petersburg Warsaw

EUR

GOP PAR 1-12/2015 GOP PAR 1-12/2016

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Operating Cash Flow from Hotel Portfolio

8

Difficult years in hotel industry Solid recovery

Net Operating Profit (EUR) per available room

12.131 11.837

8.088

5.853

6.890 7.375

8.031 8.031 8.796 8.954

8.752 9.109

2006 Y 2007 Y 2008 Y 2009 Y 2010 Y 2011 Y 2012 Y 2012 Y 2013 Y 2014 Y 2015 Y 2016 Y

- 52 %54 %

Source: Annual Reports 2006 – 2016

Impact of adverse development in Russia (2015) and France (2016)

4 %

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Office Portfolio at a Glance100%

Offices (as of 31.12.2016) City Country Area Stake Occupancyrate (approx.) Tenant

Zeppelin St. Petersburg RU 15,600 sqm 55% 100% Gazprom

Jupiter St. Petersburg RU 17,000 sqm 24% 100% Gazprom

Erzsebet Office Budapest HU 15,000 sqm 100% 90%GroupamaGaranciaInsurance

Sajka Office Budapest HU 600 sqm 100% 100%

49,000 sqm office in total (stake adjusted 30,000 sqm)

Zeppelin, AIRPORTCITY St. Petersburg

AIRPORTCITY, St.Petersburg Erzsebet Office, Budapest

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AIRPORTCITY St. Petersburg, Zeppelin tower – June 2015 completed

AIRPORTCITY St. Petersburg

•Phase II: Zeppelin

- 15.600m2 offices, fully let

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Pipeline Overview

Ogrodowa 8 office, Lodz

Mogilska Office, Krakow

Development Projects Expected

openingTotal area /

no. of rooms

Beneficial ownership

(%)

Planning phase:

Airport Car Park, AIRPORTCITY St. Petersburg (under construction) mid 2017 450 cars and

approx. 6,000 m2 55

Ogrodowa Office, Lodz Q1 2018 approx. 26,000 m2 100

Mogilska Office, Krakow Q3 2018 approx. 12,000 m2 100

Chopin Office, Krakow 2019 approx. 21,000 m2 100

Hotel, Budapest 2019 approx. 165 rooms 100

AIRPORTCITY St. Petersburg Phase III Offices 2021 approx. 40,000 m2 55

AIRPORTCITY St. Petersburg Phase IV up to 110,000 m2 2025 - 55

Land reserves in Bialystok - - 100

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Development Pipeline – Mogilska Office, Krakow

• Prime location in the commercial district ofKrakow

• Direct connection to public transportation atRondo Mogilskie

• Vicinity of courts and public offices• Total of approx. 12,000 m2 leasable office

space• Underground Parking is provided• Building permit received• Planned construction start Q3/2017• Planned opening Q3/2018• LOIs received for 60% of office space

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Development Pipeline – Chopin Office, Krakow

• New office buildings to be built near to Chopin hotel Krakow• One of the best office locations in the city at Mogilskie Roundabout

(one of the main public transport hubs, 10 min from railway station and city centre)• Total of approx. 26,000 m2 (approx. 21,000 m2 of leasable office area)• Underground Parking is provided• Planning phase• Planned opening 2019

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Development Pipeline – Ogrodowa Office ,Lodz• New office buildings to be built near to andel‘s hotel Lodz• One of the best office locations in the city, near Manufaktura and Piotrkowska Street

(perfect acces to the public transportation and within 10 minutes walk from Fabryczna railway station)• Total of approx. 26,000 m2 of leasable office area• Underground Parking is provided• Construction started Q4/2016• Existing construction permit (April 2016)• Planned opening Q1 2018• LOIs received for 30% of office space

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Development Pipeline – Hotel & Residential Projekt, Budapest

• 3*- Hotel with approx. 165 rooms• Approx. total areal 16,000 m2

• 67 apartments (3,200 m2) for sale• 3 underground parking floors• Planning phase• Construction permit received• Planned opening 2019

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AIRPORTCITY St. Petersburg

ü Hotel Crowne Plaza ****, 294 rooms

ü Phase I: Jupiter 1 and Jupiter 2

opened 2011 and 2012 / sold 2015

- 17,000 m2 office, fully leased to Gazprom

ü Phase II: Zeppelin

opened mid 2015

- 15,600 m2 leasable office area

§ Parking – under construction (mid 2017)

§ Phase III Offices

- 60,000 m2 leasable office area (2021 planned)

§ Phase IV Offices

- up to 110,000 m2 leasable office area (2025 planned)

17

Pipeline - AIRPORTCITY St. Petersburg, parkingunder construction - mid 2017

§ AIRPORTCITY Car Park

- 450 car parking spaces

- 3 car parking decks (2 heated decks)

- 2,600 m2 archive/storage area

- 4,000 m2 office

- car wash station

- car service station

- bus parking spaces

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§ Improve the financial and operational performance of our assetsØ Improve substantially recurring revenues and earnings

§ Take advantage of recovery on transaction markets and further improve the capital structure and efficiency of the Group`s balance sheetØ Recycle Assets (Sale of Gross Asset Value p.a. in 2015: > 25 %, in 2016 approx. 7 %, in 2017 approx. 50 %)

§ Long-term leverage target of adjusted equity ratio* of 40 % - 50 % (31.12.16: 18 %, after closing > 25 %)

§ Development and land bank of Gross Asset Value (as of 31.12.16 approx. 12 %, will increase after closing of the sale of 8 hotels to approx. 25 %)Ø Monetize the land bank through selective development or divestmentØ Acquire land plots in secondary cities in Poland for future developmentsØ Continue hotel and office (re-)developments in CEE and Russia

Targets and Strategy

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• Assuming that all the real estate assets are recognized at their fair value

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Income Statement – FY 2016

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EUR (in thousand) 1-12 2016 1-12 2015 +/-

Revenues from Hotels 51,864 54,462 -5%

Revenues from Investment Properties 8,580 4,384 96%

Revenues from Development & Services 1,757 3,053 -42%

Total revenues 62,201 61,898 -

Expenses directly attributable to the revenues -35,967 -38,539 -7%

Gross income from revenues 26,235 23,359 12%

Income from the disposal of properties 8,674 14,220 -39%

EBITDA 21,450 29,280 -27%

Depreciation, amortization and revaluation 4,285 -39,185 -

EBIT 25,735 -9,905 -

Financial result -1,889 -31,854 -94%

Loss/Profit for the period 22,862 -42,330 -

Loss/Profit for the shareholder of the parent 17,423 -17,838 -

§ Gross income from revenues increased by 12%

§ Lower income from disposals

§ Non-Cash FX gain of EUR 20.3mn due to Rubel appreciation

§ Profit for the year of EUR 22.9mn

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Balance Sheet – 12 2016

Sources: Financial Statements H2 2016

EUR (in thousand) 31 12 2016 31 12 2015 +/-

Non-Current Assets 174,185 322,960 -46%

Current Assets 183,701 27,274 574%

Total Assets 357,886 350,235 2%

Total Equity 43,074 21,728 98%

Long-term Debt 169,371 286,722 -41%

Short-term Debt 145,457 41,785 248%

Total Equity and Liabilities 357,886 350,235 2%

§ Due to the planned sale of 8 hotels, assets and liabilities of these 8 hotel entities were classified as short term under IFRS 5

21

Cash Flow Statement – FY 2016

EUR (in thousand) 1-12 2016 1-12 2015 +/-

Inflow 64,370 63,044 2%

Outflow -51,412 -50,191 2%

Cash flow from operating activities 12,958 12,853 1%

Inflow 17,438 67,133 -74%

Outflow -7,317 -28,374 -74%

Cash flow from investing activities 10,121 38,759 -74%

Cash flow from financing activities -26,751 -54,406 -51%

Cash and cash equivalents at the end of period 4,723 7,394 -36%

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Appendix

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Experienced Management Team

§ Warimpex’s principal shareholders, Franz Jurkowitsch (Chairman) and Georg Folian (Deputy Chairman), haveeach more than 25 years of experience in developing, operating and owning real estate assets in CEE

§ Strong team of senior country managers in place with significant local experience

§ The management team has a proven track record in the region in developing or acquiring and redevelopingnumerous real estate projects

Management Board of Warimpex

Alexander Jurkowitsch Franz Jurkowitsch Georg Folian Florian PetrowskyMember Chairman Deputy Chairman Member

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Over 30 Years Experience in Real Estate Asset Management

HOTELS Number of rooms In Portfolio from Sale

Palace Hotel Prague 5-star, 124 rooms Purchased 2001 2013

angelo Hotel Munich 4-star, 146 rooms Opened 2008 2013

Intercont Warsaw 5-star, 414 rooms Opened 2003 2012

Sobieski Hotel Warsaw 4-star, 435 rooms Purchased 2006 2011

andel‘s Krakow 4-star, 159 rooms Opened 2007 2009

andel‘s Hotel & Suites Prague 4-star, 239 rooms + 51 studios Opened 2002 2005

Sheraton Hotel Warsaw 5-star, 350 rooms Opened 1996 1996

Pruhonice Sport Hotel, Prague 4-star, 100 rooms Opened 1990 1990

Holiday Inn, Warsaw 4-star, 172 rooms Developed 1989

Forum Hotel, Prague 4-star, 560 rooms Developed 1989

Jelina Gora Hotel 4-star, 172 rooms Developed 1989

Panorama Hotel, Prague 4-star, 456 rooms Developed 1983

Novotel Hotel, Budapest 4-star, 324 rooms Developed 1982

Penta Hotel, Budapest 4-star, 400 rooms Developed 1982

OFFICES Area (sqm) In Portfolio from Sale

Jupiter Towers 1+2, St. Petersburg 17,000 sqm Opened in 2011/2012 2015

Csalogany office, Budapest 2,600 sqm Purchased 2003 2009

Pauler office, Budapest 3,000 sqm Purchased 2006 2008

andel‘s City SO 11, Prague 4,000 sqm Opened 2007 2007

Warsaw Towers, Warsaw 20,000 sqm Opened 1999 2000

25

Warimpex on the Stock Exchange

Key Exchange Data

Number of shares 54,000,000

Vienna Stock Exchange ATX Prime, Immobilien-ATX

Warsaw Stock Exchange Market Main 50 Plus, WIG SWIG80

Ticker symbolsStock Exchanges WXF Reuters WXFB.VI

Equity Ratio (31.12.2016) 12% (18% adjusted)*

*) assuming fair value of real estate assets according to latest external valuations

Franz Jurkowitsch14%

Georg Folian15%

Amber Privatstiftung11%

Bocca Privatstiftung11%

Free Float44%

Shareholder structure

MetLife PTE> 5%

26

NNNAV per share

Comparison of NNNAV per share and the Company’s share price on the VSE

Source: Company Financial Reports

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Dec-06Jun-07Dec-07Jun-08Dec-08Jun-09Dec-09Jun-10Dec-10Jun-11Dec-11Jun-12Dec-12Jun-13Dec-13Jun-14Dec-14Jun-15Dec-15Jun-16Dec-16

EUR

share price NNNAV/share

27

§ IPO in Vienna and Warsaw§ Hotel Andels‘s, Krakow§ Hotel Liner, Ekaterinburg§ Hotel Angelo, Munich§ Hotel Angelo Pilsen

Company History

Impressive History

27

1980 § Warimpex enters real estate market

1982 - 1988 § Novotel, first Warimpex hotel opened in Hungary§ Penta Hotel Budapest, Forum Hotel Prague

1988-1989 § Holiday Inn, Warsaw§ Hotel Palace, Prague

1994 -1996 § Hotel Savoy, Prague§ Hotel Sheraton, Warsaw

1999 § Warsaw Towers (20,000sqm office building)

2001-2003§ Shopping and Entertainment Gallery, Brno§ Hotel Andel’s, Prague § Hotel Le Palais, Prague§ Hotel InterContinental, Warsaw

2004-2006

§ Andel’s Suites, long stay apartments, Prague § Leaders Club guests recognition Award for Le Palais§ Hotel Angelo, Prague§ Hotel Chopin, Krakow§ Hotel Sobieski, Warsaw

2007-2008

2009-2014

§ Hotel Andel’s, Lodz§ Hotel Angelo, Kattowice§ Hotel Andel`s, Berlin§ Hotel Angelo, Bucharest§ Hotel Angelo, Ekaterinburg§ Hotel Crowne Plaza, AirportCity St. Petersburg§ Le Palais office, Warsaw§ Jupiter towers, AirportCity St. Petersburg§ Palais Hansen Kempinski Vienna

2015-2016

§ Zeppelin tower, St. Petersburg§ Erzsebet office, Budapest

28

§ 26 April 2017 Publication of the Annual Report for 2016

§ 30 May 2017 Publication of the results for the first quarter of 2017

§ 4 June 2017 Record Date

§ 14 June 2017 Annual General Meeting

§ 30 Aug 2017 Publication of the results for the first half of 2017

§ 30 November 2017 Publication of the results for the first three quarters

Contact detailsFranz Jurkowitsch Daniel Folian Christoph Salzer

CEO Investor Relations Press RelationsTel.: +43 1 310 55 00 – 125 Tel.: +43 1 310 55 00 – 156 Tel.: +43 1 310 55 00 – 143

franz.jurkowitsch@warimpex.com daniel.folian@warimpex.com presse@warimpex.com

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