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PRESS RELEASE: GRAND CITY PROPERTIES S.A.: Board of Directors reports strong growth and profitability for the first nine months report of 2013. Further measures to strengthen corporate governance and reporting standards.

DGAP-News: Grand City Properties S.A., / Key word(s): 9-month figures GRAND CITY PROPERTIES S.A.: Board of Directors reports strong growth and profitability for the first nine months report of 2013. Further measures to strengthen corporate governance and reporting standards.

26.11.2013 / 08:38

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GRAND CITY PROPERTIES S.A. Luxembourg, 26 November, 2013.

Board of Directors reports strong growth and profitability for the first nine months report of 2013. Further measures to strengthen corporate governance and reporting standards.

- Net profit for 1-9/2013 amounts to EUR 137 million (EUR 1.603 EPS), 105 % YOY increase

- EBITDA for 1-9/2013 of EUR 157.2 million, 70 % YOY increase

- FFO for 1-9/2013 of EUR 22.4 million (EUR 0.32 FFO per share), 182 % YOY increase

- EPRA NAV as of 30 September 2013 improved to EUR 556 million, 64 % increase from 31 December 2012

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PRESS RELEASE: GRAND CITY PROPERTIES S.A.: Board of Directors reports strong growth and profitability for the first ...

DGAP-News: Nemetschek AG / Key word(s): Miscellaneous Nemetschek AG:

25.11.2013 / 14:59

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Corporate News

Prof. Georg Nemetschek awarded Konrad Zuse plaque

- In recognition of contributions made towards furthering the life's work of Konrad Zuse

- Award presented by the Mayor of the City of Hoyerswerda

Munich, November 25, 2013 - Prof. Georg Nemetschek, entrepreneur, civil engineer, founder and majority owner of the Nemetschek Group has been awarded the Konrad Zuse plaque. This plaque is awarded by the City of Hoyerswerda every two years in honor of Konrad Zuse and his work as the inventor of the world's first program-based computing machine. Recognition is given to persons who cultivate and promote the life's work of Konrad Zuse.

The official ceremony led by Mayor Stefan Skora and the entry in the Golden Book of the City of Hoyerswerda took place on Friday, November 22, 2013. This award is presented to Prof. Nemetschek in recognition of his contribution to furthering Konrad Zuse's invention and in recognition of Nemetschek's commitment to junior talent development.

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PRESS RELEASE: Nemetschek AG:

DGAP-News: ORCO Germany S.A. / Key word(s): Legal Matter ORCO Germany wins Leipziger Platz litigation against HGHI

25.11.2013 / 08:45

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ORCO Germany wins Leipziger Platz litigation against HGHI

Berlin, 25 November 2013. ORCO Germany, one of the leading real estate companies in Berlin, wins its litigation against HGHI. On 14 November 2013, the regional court of Berlin (Landgericht Berlin) dismissed all claims that HGHI 1 LP GmbH and HGHI 2 LP GmbH, subsidiaries of High Gain House Investments GmbH ('HGHI'), represented by Mr. Harald Gerome Huth, had brought against a subsidiary of ORCO Germany, ORCO Immobilien GmbH ('ORCO Germany'), regarding the Leipziger Platz development.

In 2007, ORCO Germany initiated the redevelopment and revitalization of the remaining unfinished corner of Leipziger Platz so that it could become Berlin's largest commercial project. ORCO Germany launched the urban planning competition and obtained the approval of the building plan and increased useable space. As a result of ORCO Germany's efforts, Leipziger Platz could be developed.

Thereafter, in 2009 ORCO Germany sold the project to HGHI. As part of the contractual obligations of the sale, HGHI must pay ORCO Germany EUR 30 Mio. upon the sale and transfer of the Leipziger Platz entity or at the latest by 9 June 2015. In addition, ORCO Germany deposited funds into an escrow account to cover potential costs arising from pending third party litigation associated with the Leipziger Platz project.

In 2012, HGHI claimed it was entitled to EUR 9 Mio. of the funds deposited into escrow and sued ORCO Germany to release those funds to HGHI. ORCO Germany argued that HGHI's claims were fully unfounded.

During live court proceedings held on 14th November with the parties present, the regional court informed Mr. Huth that the claims of HGHI were not legally justified and proposed to Mr. Huth a settlement proposal with ORCO Germany, which Mr. Huth did not accept. As such, the regional court terminated the conciliation hearing, dismissed with immediate judgement all of HGHI's claims against ORCO Germany, and ordered HGHI to bear ORCO Germany's costs of this proceeding. HGHI can appeal the decision.

ORCO Germany follows the development of the Leipziger Platz it initiated with great interest and pride and looks forward to the full recovery of both the escrowed funds and the EUR 30 Mio due at project sale. This would enable us to further invest in our Berlin portfolio and to increase our commitment to the German capital city.

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PRESS RELEASE: ORCO Germany wins Leipziger Platz litigation against HGHI

Michelle Obama shared one with first dog Bo, Hillary Clinton tweeted one with her daughter Chelsea. Now selfie the smartphone self-portrait has been declared word of the year for 2013 by Britains Oxford University Press.

The publisher of the Oxford dictionaries said last week that selfie saw a huge jump in usage in the past year, bursting from the confines of Instagram and Twitter to become mainstream shorthand for any self-taken photograph.

Researchers behind the renowned dictionaries pick a prominent word or expression in the English language each year that best reflects the mood of the times. Previous words of the year have included unfriend in 2009, credit crunch in 2008, carbon footprint in 2007 and Sudoku in 2005.

Judy Pearsall, the editorial director for Oxford Dictionaries, said selfie appeared to have been first used in 2002 on an Australian online forum, and #selfie appeared on the photo-sharing website Flickr in 2004.

But usage wasnt widespread until around 2012, when selfie was being used commonly in mainstream media, she said.

Australian English sometimes uses the suffix -ie such as barbie for barbeque and tinnie for a can of beer which helps to explain where selfie may have come from, Pearsall added.

Oxford usually assigns a separate word of the year to the U.S. and to the U.K., but it said selfie captured the imagination on both sides of the Atlantic this year.

The term beat other buzzwords including twerk, the sexually provocative dance move that got a huge boost in usage thanks to an attention-grabbing performance by pop star Miley Cyrus; showrooming, the practice of visiting a shop to look at a product before buying it online at a lower price; and Bitcoin, the digital currency that gained widespread media attention.

Also making the shortlist was binge-watch, a verb that describes watching many episodes of a TV show in rapid succession.

The words were chosen by a research program that monitors online content and collects around 150 million words of English in use each month.

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Oxford Press deems 'selfie' word of the year

To quote Princess Bride, I dont think that word means what you think it means.

On Thursday, the Royals let it be known the team would have a major announcement later in the afternoon.

OK, for about the last 20 years, a major announcement by the Royals meant somebody was getting fired. But these are the new and improved 86-76 Royals, major means something good. Let our imaginations run wild in the brave new world of Royal fandom.

Pitching ace James Shields was signing a contract extension. Yes. Wil Myers may have won the Rookie of the Year, but the Royals got a No. 1 starter locked up for a lot of years in the trade with the Rays.

Carlos Beltran was returning to where he started to patrol the outfield again. All right, a proven big-league bat to help a lineup that needs one.

A trade? Billy Butler has been mentioned in off-season rumors. Theyd better be getting something very good in return.

Press conference time rolled around and

Jason Vargas, a free-agent left-handed starter, signed for four years in the $32-million range. Hmmm.

Yeah, I know hes never heard of me either. But major?

OK, the positives. Since becoming a full-time starter in 2010, Vargas has posted a 42-44 record with a 3.97 ERA and didnt pitch 190 or more innings in one of those seasons.

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