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!May 31 2017 – Report on the first quarter of 2017

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

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 soon

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 31.03.2017) 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- 3 / 2017

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%

Bucharest Prague St. Petersburg Warsaw

Occ. 1-3/2016 Occ. 1-13/2017

0

20

40

60

80

100

120

Bucharest Prague St. Petersburg Warsaw

EUR

ARR 1-3/2016 ARR 1-3/2017

0

10

20

30

40

50

60

70

80

Bucharest Prague St. Petersburg Warsaw

EUR

RevPAR 1-3/2016 RevPAR 1-3/2017

0

5

10

15

20

25

30

35

40

45

50

Bucharest Prague St. Petersburg Warsaw

EUR

GOP PAR 1-3/2016 GOP PAR 1-3/2017

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Operating Cash Flow from Hotel Portfolio

7

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

990 1.294

2006 Y 2007 Y 2008 Y 2009 Y 2010 Y 2011 Y 2012 Y 2012 Y 2013 Y 2014 Y 2015 Y 2016 Y 1-3 2016 1-3 2017

31 %

- 52 %54 %

Source: Annual Reports 2006 – 2016, quarterly report

Impact of adverse development in Russia and France

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Office Portfolio at a Glance100%

Offices (as of 31.03.2017) 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 roomsBeneficial ownership

(%)

Planning phase:

Airport Car Park, AIRPORTCITY St. Petersburg (under construction) May 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 – Ogrodowa Office ,Lodz – under construction• 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• Planned opening Q1 2018• 8,500 sqm preleased

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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 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 – 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 (May 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)

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Pipeline - AIRPORTCITY St. Petersburg, parkingunder construction - May 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 – Q1 2017

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EUR (in thousand) 1-3 2017 1-3 2016 +/-

Revenues from Hotels 9,451 9,353 1 %

Revenues from Investment Properties 2,520 1,902 32 %

Revenues from Development & Services 432 602 - 28 %

Total revenues 12,403 11,857 5 %

Expenses directly attributable to the revenues - 7,787 - 7,885 - 1 %

Gross income from revenues 4,616 3,973 16 %

Income from the disposal of properties 125 - -

EBITDA 2,267 833 172 %

Depreciation, amortization and revaluation 1,154 -1,287 -

EBIT 3,421 -455 -

Financial result 2,358 172 -

Loss/Profit for the period 4,736 -463 -

Loss/Profit for the shareholder of the parent 2,333 -1,045 -

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Balance Sheet – 3 2017

Sources: Financial Statements H2 2016

EUR (in thousand) 31 3 2017 31 12 2016 +/-

Non-Current Assets 183,600 174,185 5%

Current Assets 186,875 183,701 2%

Total Assets 370,475 357,886 4%

Total Equity 48,617 43,074 13%

Long-term Debt 164,176 169,371 -3%

Short-term Debt 157,681 145,457 8%

Total Equity and Liabilities 370,475 357,886 4%

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

20

Segment Reporting *

20Note: * including Joint Ventures on a proportionate basis

EUR (in thousand) 1-3 2017 1-3 2016 +/-

HOTELS

Revenues 15,940 15,308 4%

Net operating profit (NOP) 3,388 2,782 22%

Rooms available 2,619 2,810 -7%

NOP per available room in EUR 1,294 990 31%

Occupancy Rate in % 61% 55% 6pp

RevPAR in EUR 44.9 38.4 17%

INVESTMENT PROPERTIES – OFFICES

Revenues 3,574 2,088 71%

EBITDA Investment Properties 2,807 1,518 85%

Development & Services

Revenues 994 732 36%

Losses/Gains on property disposals 125 - -

EBITDA D&S -724 -1,528 -

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Cash Flow Statement

EUR (in thousand) 1-3 2017 1-3 2016 +/-

Inflow 13,028 13,209 - 1%

Outflow -10,791 -10,906 - 1%

Cash flow from operating activities 2,237 2,303 - 3%

Inflow 125 5,317 - 98%

Outflow -3,076 -1,296 137%

Cash flow from investing activities -2,952 4,021 -

Cash flow from financing activities -297 -6,965 - 96%

Cash and cash equivalents at the end of period 3,834 6,947 - 45%

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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

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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

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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

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§ 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 SalzerCEO 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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