Investment Sachwertanlagen Immobilien und Wohnungsbau

Aricolin Investments S.A., Madrid, registered in the commercial register of Madrid

| Aricolin

Aricolin Investments S.A., Madrid, registered in the commercial register of Madrid under the number Hoja M‐684101 Tomo 38460 Folio 141, as the issuer of the „Residential Development POCO Bond“ 2019, ISIN: DE000A2R28T1 / WKN A2R28T, announces that in the residential development project in Santa Perpètua de Mogoda the agreements for development management with Zaracla Fira S.L. and services with Zaracla Arquitectura S.L. will be terminated. After termination the company AQ Acentor Development S.L. (Member of the Aquila Group) will execute the development management for the project at comparable conditions and manage the coordination of services.