Brandenburg Realty achieves final close of €150 million

Shore Capital Group Limited

("Shore Capital," the "Company" or the "Group")

Brandenburg Realty has closed having raised €150 million

Further to its announcement on 20 March 2015, Shore Capital, the independent investment group specialising in equity capital markets, principal finance and alternative asset management, announces the final close of Brandenburg Realty Limited and associated entities ("Brandenburg Realty" or the "Fund") which has been established to invest in German residential real estate. Shore Capital has made a commitment of €12.5 million in Brandenburg Realty.

Brandenburg Realty's primary focus is to acquire well-located, high quality residential buildings in major German cities, with a focus on Berlin, in order to exploit the sector's strong growth potential in Europe's largest economy.

The Fund has raised in aggregate €150 million from institutional investors and family offices, predominantly from the United States, and includes a co-investment commitment of €7.7 million from Puma Brandenburg Limited.

Commenting on the closing, Howard Shore, Executive Chairman, said:

"Brandenburg Realty will build on Puma Brandenburg's successful track record in the German real estate sector developed over the past decade. With our team on the ground in Berlin, we are perfectly placed and have the in-house expertise to assist the new vehicle in executing its strategy to acquire well located, high quality residential buildings in major German cities. We are particularly delighted to be supporting Brandenburg Realty, together with a number of significant US institutional and family office investors."

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