• The Company closed yesterday the acquisition of one land plot in Valencia, which together with the acquisition of two land plots in Tarragona on Tuesday, add c. 34,000 sqm and more than 300 units to the Company's fully permitted land bank. These acquisitions take the fully permitted land bank to c. 12,000 units

• These acquisitions have a projected gross margin of c. 28%, well above Company's targets; they were also funded with the JP Morgan bridge financing announced last week; and complete c.90% of the advanced due diligence pipeline the Company when communicating the bridge financing

• Total acquisitions since January now reached EUR 248m, having fulfilled 100% of 2017 and 27% of 2018 targets

• The acquisitions continue to show Neinor Homes anticipation of the recovery in new geographies: strengthening the land bank in the City of Valencia and entering into a new area of Catalonia: Tarragona

Madrid, September 7th, 2017.- Neinor Homes has just submitted to the CNMV (the Spanish stock regulator) a relevant fact to communicate the acquisition of three fully permitted land plots. Highlights below:

• Neinor Homes closed yesterday the acquisition of a fully permitted land plot in Valencia with a buildable area of c. 24,000 sqm suitable for the development of more than 200 units. The asset is located in Benicalap district, a consolidated residential area of the city. Neinor Homes announced in Q1 the opening of an office in Valencia to conduct business in the Levante region. The local team is already putting into production the regional land bank of c. 100,000 sqm or over 800 residential units, with one development already launched.

• Furthermore, the Company closed on Tuesday the acquisition of two land plots located in Tarragona with a buildable area of c. 10,000 sqm suitable for the development of more than 90 units. The assets are located in the sector Juan XIII, a residential area with lack of new product that is experiencing a strong demand, and marks the expansion of the East Division into a new market that now shows favorable dynamics.

• These transactions present a projected gross margin of c. 28%, well above the Company targets. Total acquisitions since January now reached EUR 248m, having fulfilled 100% of 2017 and 27% of 2018 targets, showing the Company's commitment to capturing market momentum. The Company's fully permitted land bank grew to ca. 12,000 units.

• The acquisitions continue to show Neinor Homes anticipation of the recovery of regional markets strengthening the Levante Region adding prime land to Valencia's land bank; entering into a new sub-market in Catalonia (Tarragona), and two days after announcing the opening of Eastern Andalusia Region to seize the momentum in Malaga and the Coastal region.