Market announcement

EfTEN Real Estate Fund AS

LEI code

4851000008JBI71L7643

Size of the entity

Medium group

Economic activities

Financial and Insurance Activities

Industry sector(s)

Management company

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

6539

Submission date and time

09.03.2018 16:29:17

Content of announcement in Estonian

Title

EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 28.02.2018

Message

EfTEN Real Estate Fund III AS teenis 2018. aasta veebruaris 652 tuhat eurot
müügitulu,  mis on seoses madalamate haldusteenuse tuludega nelja tuhande euro
võrra väiksem kui oli jaanuaris. Müügiga seotud kulud, s.h halduskulud ning
turustuskulud olid veebruaris veidi madalamad, mistõttu oli fondi
konsolideeritud brutokasum kokku 607 tuhat eurot (jaanuaris 598 tuhat eurot).

Suurem  erinevus  oli  veebruaris  fondi  finantskuludes, mis sisaldab muuhulgas
intressiswapi  lepingu õiglase väärtuse muutust. Kui jaanuaris oli intressiswapi
lepingu   õiglase   väärtuse  muutus  positiivne  summas  93 tuhat  eurot,  siis
veebruaris  oli nimetatud näitaja -28 tuhat eurot. Intressiswapi õiglase väärtus
muutus on mitterahaline ning põhineb intressimäärade taseme turuootusel.

EfTEN  Real Estate Fund  III konsolideeritud varade  maht oli 28.02.2018 seisuga
97,8 miljonit  eurot ning  omakapital 47,2 miljonit  eurot. Fondi 12 kuu tootlus
keskmise sissemakstud kapitali kohta on veebruari lõpu seisuga 21,3%.

EfTEN  Real Estate Fund III NAV seisuga 28.02.2018 oli 14,67 eurot. NAV suurenes
veebruaris 0,8%.

Marilin Hein
Finantsjuht
Tel. 655 9515
E-post: [email protected]

Content of announcement in English

Title

EfTEN Real Estate Fund III AS Net Asset Value per share as of 28.02.2018

Message

In  February, EfTEN Real Estate Fund III  AS made a sales income of 652 thousand
euros,  a  decrease  of  4 thousand  euros  from January. The sales expenses and
distribution  expenses  were  slightly  lower  on  February, resulting the gross
profit of 607 thousand euros (January: 598 thousand euros).

The  more significant difference in February  came from interest swap fair value
changes. Whilst in January the profit from the interest derivative agreement was
93 thousand  euros, then in  February there was  a loss -28  thousand euros. The
change  in interest  rate swap  fair value  is non-monetary  and is based on the
interest rate level expectations in financial markets.

The  Fund’s consolidated asset value as of 28.02.2018 is 97.8 million euros, and
equity  is 47.2 million euros. The Fund’s 12-month return from the average paid-
in share capital is 21.3%.

The  Net Asset Value of EfTEN Real Estate Fund III AS as of 28.02.2018 is 14.67
euros. This increased by 0,8%, compared to the NAV as of 31.01.2018.

Marilin Hein
CFO
Phone: 655 9515
E-mail: [email protected]