5 Subsequent Events

The law for a tax-based immediate-action investment program was approved in the Bundestag (lower house of parliament) on June 26, 2025, and in the upper house of parliament (Bundesrat) on July 11, 2025. For an overview of the expected effects in the 2025 fiscal year, please refer to chapter [B.17] Income Taxes:

On July 29, 2025, Vonovia and Apollo concluded the agreement from September 30, 2024, to establish a company that is to hold 20% of the shares in Deutsche Wohnen SE. In addition to Vonovia, with a 49% stake, long-term investors advised by Apollo will hold a total stake of 51% in this company.