DGAP-News: Vonovia SE: Vonovia to Create 100 Additional Apprenticeships

Vonovia to Create 100 Additional Apprenticeships

- Vonovia to double the number of apprenticeships in the trades to 210

- Vonovia to create additional jobs in all regions across Germany

- Opportunity to continue training also open to apprentices from insolvent companies

- Rolf Buch: "Continuing to offer career prospects for young people is a matter very close to Vonovia's heart."

Bochum, Germany, June 30, 2020. At a time when career prospects for young people are looking uncertain, Vonovia SE ("Vonovia") is setting an example. The Bochum-based real estate company is creating 100 additional apprenticeships in the trades across Germany. This will bring the total number of positions to 210, twice as many as originally planned. Vonovia will be training additional career entrants as plant engineers, tilers, electronics technicians, painters and gardeners in all of its regions, with a particular focus on the Ruhr region (24 new positions) and the North region (26). Including the company's commercial apprentices, this will allow 265 career entrants to start their vocational training at Vonovia, the highest number ever recorded.

"Training plays a key role at Vonovia. Offering career prospects for young people is a matter very close to Vonovia's heart - especially in times of uncertainty like the current coronavirus crisis," said Rolf Buch, Chief Executive Officer of Vonovia. "We see the decision to increase the number of apprenticeships that we offer as part of our social responsibility. What is more, certain occupations are in high demand at Vonovia. We need specialists we can keep within the company in the long run." Apprentices with a good performance record have a good chance of being able to keep working for Vonovia even after they have completed their training.

In Cases of Insolvency: Opportunity to Continue Training at Vonovia

The residential real estate company is also offering career entrants from insolvent companies the opportunity to start their training or complete training programs that they have already embarked on. Interested individuals can apply after the cut-off dates that apply to training, namely August 1, September 1, and October 1 - even if the company they are currently training with becomes insolvent at a later date.

Trial Internships and Digital Applications

Applicants can find information on vacant positions at karriere.vonovia.de. The website also provides further information on training and opportunities to join Vonovia. Much of the application process will be conducted in digital form, for example using telephone or video interviews. Trial internships (trial working days) are, however, now also available again in line with the applicable safety and hygiene standards.

With a training rate that recently came to five percent, Vonovia already outstrips the average for the DAX companies. In addition to training for the trades, Vonovia also offers commercial apprenticeships in positions such as real estate agent, office management specialist and dual-degree programs, for example in IT. The locations across Germany offering training prospects include: Berlin, Bielefeld, Bochum, Bremen, Cologne, Dortmund, Dresden, Duisburg, Frankfurt am Main, Gelsenkirchen, Hamburg, Hanover, Heidenheim, Kassel, Kiel, Lübeck, Mannheim, Munich, Nuremberg and Stuttgart.

About Vonovia

Vonovia offers a home to around one million people in Germany. The residential real estate company plays a central role in society, which is why Vonovia's activities are never focused exclusively on financial aspects, but also take social factors into account. Vonovia is helping to provide answers to the current challenges on the housing market. The company is committed to more climate protection, more senior-friendly apartments and a positive community spirit in its neighborhoods. In cooperation with social institutions and the municipal districts, Vonovia supports social and cultural projects that enrich community life. Vonovia is also helping to address a social issue that is particularly important at the moment: the construction of new apartments.

Our activities focus on our customers and their needs. On site, caretakers and our own craftsmen take care of our tenants' concerns. Being close to our customers ensures fast and reliable service. In addition, Vonovia invests generously in the maintenance of the buildings and develops housing-related services for a better quality of living. For answers to any questions in connection with lease agreements and ancillary expense bills, the central customer service center can be contacted via a regional service hotline as well as by email, fax, app or by post.

Vonovia has a workforce of more than 10,000 employees and its CEO is Rolf Buch.

Additional Information:

Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange ISIN: DE000A1ML7J1 WKN: A1ML7J Common code: 094567408 Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court, HRB 16879 Business address of Vonovia SE: Universitaetsstrasse 133, 44803 Bochum, Germany

This press release has been issued by Vonovia SE and/or its subsidiaries solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of Vonovia ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from Vonovia's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by Vonovia and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Vonovia does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. Vonovia is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release.