17 Feb 2016 TSC German Property Income Fund

Threestones Capital Management S.A. successfully finalises the sale of its German nursing home fund. The Belgium real estate group AG Real Estate S.A. (80%), a subsidiary of AG Insurance S.A., and the Luxembourgish-based Cardif Lux Vie S.A. (20%) acquired 100% of the shares in the holding company TSC Property Holding S.àr.l. for a total of EUR 138 million.