ANNOUNCEMENT

 APPROVAL AND PUBLICATION OF THE INFORMATION MEMORANDUM - COMMENCEMENT OF THE PERIOD OF ACCEPTANCE OF THE MANDATORY TENDER OFFER

SUBMITTED BY RB ELLAKTOR HOLDING B.V.

 FOR THE ACQUISITION OF ALL COMMON REGISTERED SHARES OF THE COMPANY UNDER CORPORATE NAME “REDS REAL ESTATE DEVELOPMENT AND SERVICES SOCIETE ANONYME” WITH OFFER PRICE EUR 2.48 PER SHARE