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ACCENTRO Real Estate AG announces extraordinary devaluation of properties and preliminary business figures

Disclosure of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

Berlin, 12 April 2024 – ACCENTRO Real Estate AG (the "Company”) will undertake extraordinary and significant devaluations of the properties based on independent valuation reports as part of the preparation of the consolidated financial statements for the 2023 financial year. The significant devaluations are not only a consequence of the distressed situation on the real estate market with a considerably reduced transaction volume, the high inflation rate and the ECB's interest rate policy, but also the very conservative valuation approach used in the preparation and audit of the consolidated financial statements.

The consolidated financial statements for the 2022 financial year contained a forecast of consolidated revenues of EUR 100 to 120 million and consolidated EBIT of EUR 0 to 2 million; on 29 August 2023 the Company informed the market that a well-founded and reliable forecast regarding the 2023 financial year was not possible at that moment due to the ongoing extremely tense market situation and the unpredictable business environment. Among others, following the submission of the valuation reports on the extraordinary and significant devaluation requirement in the scale of EUR 50 to 60 million the business figures for the 2023 financial year have now become more substantiated to the extent that consolidated revenues for the 2023 financial year are expected to be in the high double-digit million range and consolidated EBIT is expected to be in the high double-digit negative million range. The Company will publish the final business figures for the 2023 financial year in the form of the audited consolidated financial statements.

Another result of the expected devaluation of the properties is a breach of the limitation on net financial indebtedness as agreed on in the terms and conditions of the 2020/2026 bond (ISIN DE000A254YS5 / WKN A254YS) and 2021/2029 bond (ISIN DE000A3H3D51 / WKN A3H3D5) (“terms and conditions”) and hence, regarding each bond, a right of termination in accordance with further requirements of the terms and conditions. Therefore, the Management Board of the Company will enter into negotiations with the bondholders in a timely manner. To this end, the Company will commission an IDW-S 6 expert opinion at the same time.

Notifying person:

Thomas Eisenlohr, Head of Investor Relations Phone: +49 (0)30 887181272 eisenlohr@accentro.de

Berlin, 12 April 2024

The Management Board ACCENTRO Real Estate AG Kantstraße 44/45 D-10625 Berlin

ISIN: DE000A0KFKB3 / DE000A3H3D51 / DE000A254YS5

Stock exchange: Frankfurt Stock Exchange, regulated market (Prime Standard) / Luxembourg Stock Exchange

Contact for Investor Relations and Press:

Thomas Eisenlohr

ACCENTRO Real Estate AG

Kantstraße 44/45

10625 Berlin

E-Mail

Telefon

eisenlohr@accentro.de

+49 (0)30 88 71 81 272

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