COMISIÓN NACIONAL DEL MERCADO DE VALORES

Calle Edison, nº 4 28006 Madrid

Madrid, 23 de enero de 2017

QUABIT INMOBILIARIA, S.A. ("Quabit" o la "Sociedad"), en cumplimiento de lo dispuesto en el artículo 228 del texto refundido de la Ley del Mercado de Valores aprobado por el Real Decreto Legislativo 4/2015, de 23 de octubre, pone en su conocimiento el siguiente: HECHO RELEVANTE

La Sociedad adjunta a la presente comunicación una versión en inglés de la presentación relativa a la actualización del Plan de Negocio para los ejercicios comprendidos entre 2017 y 2021. La versión en castellano de dicha presentación ya fue publicada el pasado 19 de enero de 2017, mediante el envío del correspondiente hecho relevante con número de registro 247.282.

Asimismo, según lo indicado en el citado hecho relevante en relación con la intención de Quabit de captar fondos de hasta 40 millones de euros a través de una próxima operación de ampliación de capital, se informa de que se ha designado a Renta 4 Banco, S.A. y Arcano Valores, A.V. S.A. para actuar como entidades colocadoras en el marco de dicho proceso.

El Secretario del Consejo de Administración Miguel Ángel Melero Bowen

BUSINESS PLAN 2017-2021

JANUARY 2017

DISCLAIMER

This document contains information, statements and declarations that include projections or forward-looking statements of Quabit Inmobiliaria S.A. (the "Company"). The above-mentioned projections or forward-looking statements (i) may include statements regarding plans, objectives and current expectations, including statements relating to trends that may affect the Company's situation, its business, results, margins, etc, (ii) may also include assumptions about future business or background conditions and (iii) do not constitute a guarantee that they will materialise in future results, and are also subject to various circumstances, such as risks, uncertainties, changes and other factors beyond the Company's control or which may be difficult to forecast. Amongst such risks and uncertainties are those risk factors and circumstances notified by the Company to the Spanish Securities and Exchange Commission (Comisión Nacional del Mercado de Valores). Except as required by law, the Company undertakes no obligation to publicly report revision, compliance or otherwise with the contents of this document. This document does not constitute an offer or invitation to acquire or transfer shares or other Company securities in accordance with the provisions of the Royal Legislative Decree 4/2015 of 23 October, in which the revised text of the Stock Market Act was approved. This document is the property of the Company.

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QUABIT INMOBILIARIA | BUSINESS PLAN 2017-2021

0.1 Executive Summary

  1. Strategic positioning

    • QUABIT is a Spanish real estate group with over 20 years' experience and has been listed on the Stock Exchange since 2006. The company's core business is creating value through the full management of the entire real estate cycle through two main business channels: land management and real estate development.
    • The company's scope is national, aiming to once again become one of the real estate market leaders in Spain and reposition itself as a clear benchmark of the sector's consolidation.

  2. Strong balance sheet

    • HEALTHY FINANCIAL STRUCTURE AND EQUITY SITUATION
    • OFF-BALANCE-SHEET VALUE DRIVERS: outstanding tax credits and partial debt write-offs.
    • DEBT AMORTISATION SCHEDULE: 5.5% the next 2 years; 31.5%

      the following 3; and 63% in 2022.

  3. Investment plan

    • ESTIMATED INVESTMENT OF €455 MILLION IN URBAN LAND

      located mainly in Madrid, its metropolitan area and the Corredor del Henares zone, as well as other strategic areas with high demand potential - Catalonia, the autonomous community of Valencia, Andalusia (especially the Costa del Sol) and other province capitals with development potential such as Zaragoza, La Coruña or Santander.

    • GUARANTEED FUNDING: Avenue Capital Group Agreement: A credit line of up to €60 million for land purchase + bank financing = up to €130 million.

      In addition, developing and selling its own assets has been included in the Business Plan generating a cash flow of €145 million, equivalent to more than 50% of the total operating cash flow during the 2017-2021 period.

    • RAISING FUNDS: up to €40 million through capital increase in the near future.

  4. Value creation and shareholder remuneration

    • The DIVIDEND PAYMENT, both shares and cash, is deemed to be €68 million. In 2016 new shares were distributed: 1 new share for every 20 old shares (through a bonus issue) representing a milestone since the interim dividend of 2006.
    • OBJECTIVES:
  1. Return on investment of more than 5% in dividends.
  2. Triple the book value of the company.

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QUABIT INMOBILIARIA | BUSINESS PLAN 2017-2021

Quabit Inmobiliaria SA published this content on 23 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 January 2017 10:10:05 UTC.

Original documenthttp://www.grupoquabit.com/recursos/doc/portal/2015/11/03/hr-23012016-business-plan-2017-2021.pdf

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