Supplement to the Base Prospectus

24 March 2016

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Publication of a Supplement

to the Base Prospectus dated 3 March 2016

The Company announces that it has published a Supplement (the Supplement) to the base prospectus dated 3 March 2016 (the Base Prospectus) in relation to its updated US$180 million programme (the Programme) for the issuance of Bonds (the Bonds).

The Supplement has been approved by the Netherlands Authority for the Financial Markets on 24 March 2016 and is available for viewing. A request has been made for passporting the approved Supplement to the United Kingdom Financial Conduct Authority.

Please read the disclaimer below "Disclaimer - Intended Addressees" before attempting to access this service, as your right to do so is conditional upon complying with the requirements set out below.

To view the Supplement, please click http://www.brack-capital.com.

The Supplement will also be submitted to the United Kingdom National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM. 

ENQUIRIES:

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Supplement and the Base Prospectus (together, constituting the Prospectus) referred to above may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Base Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus, you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

The Bonds have not been and will not be registered under the United States Securities Act of 1933, as amended (Securities Act) and are subject to US tax law requirements. Subject to certain exceptions, the Bonds may not be offered, sold or delivered in the United States or to or for the account of US persons (as defined in Regulation S under the Securities Act).

This announcement is for information purposes only and is not a prospectus and does not constitute an offer to subscribe for or buy shares or other securities of the Company (Securities) in any jurisdiction. This announcement and the fact of its distribution is not and should not be seen as an inducement in relation to a decision to purchase Securities. Investors should not subscribe for or purchase any Bonds except on the basis of information contained in the Prospectus published by the Company.

The contents of this announcement have been prepared by and are the sole responsibility of the Company.