Extension of share buyback programme

14 September 2016

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Extension of share buyback programme

Following the share buyback programme ("Programme") as announced on 3 June 2016 and extended on 30 June 2016, the Company announces an additional extension of the duration of the Programme. The extension of the Programme will commence on 14 September 2016 and is expected to be completed on or before 31 December 2016.

The Programme will be executed by the board of the Company within the limitations of the authority granted by the shareholders meeting of the Company on 24 June 2016.

All transactions under the Programme will continue to be published on the Company's website (www.brack-capital.com) on a daily basis.

The total number of shares repurchased under the Programme up to the date of this announcement is 1,358,415 for a total consideration of €1,209,110.20. The Company can therefore repurchase a remaining amount of shares in its own capital up to a maximum of €1,790,889.80.

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About BCRE

BCRE is an international real estate development and investment group, headquartered in the Netherlands and listed on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets, predominantly located in the USA, Germany and Russia.

The Company has established local management team platforms with significant local market expertise in the US, Germany, Russia, India and the UK with exclusive access to over 550 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Dusseldorf, Moscow, Kazan, New Delhi, Amsterdam and Limassol.