Re: Megkezdte a törlesztést az Orco a kötvényeseknek

"ORCO Germany S.A.: Expected cash flow in the next 12 months

DGAP-News: ORCO Germany S.A. / Key word(s): Forecast ORCO Germany

S.A.: Expected cash flow in the next 12 months

13.05.2011 / 16:29

ORCO Germany S.A. (”OG”) is expecting net cash flows for the next 12

months largely corresponding to the expected estimated net proceeds

from the initiated sale of Sky Office, an office tower in Dusseldorf

which is 71% leased and is valued by DTZ at EUR 138 million as at

the end of 2010. The net cash inflow from the sale could be between

EUR 30 and 40 million by Q1 of 2012. The sale of smaller OG assets

has been initiated, with an expected net cash inflow between EUR 3

and 5 million over the next 12 months. Lastly, the third part of

proceeds from the sale of Leipziger Platz (as per the press release

of 1 February 2011), which is deferred to cover project development

risks overtaken by OG is not planned to be cashed within the next 36

months.

About ORCO Germany ORCO Germany S.A. is a property company that is

listed in the Prime Standard on the Regulated Market at Frankfurt

Stock Exchange and has its registered office in Luxembourg. The ORCO

Germany Group, which acts consistently under its registered name of

ORCO Germany, has been operating in Germany since 2004 and

concentrates on commercial property as well as on asset management

and project development. ORCO Germany is a subsidiary of ORCO

Property Group, which is one of the leading Central European

property companies. The company established in 1991 is based in

Luxembourg and has Euronext, Prague, Budapest and Warsaw Stock

Exchange listings."