Press Release

Investors support refinancing transaction and pave way for further success course

10.

March 2023

  • Long-term refinancing of the two bonds with a total volume of EUR 350 million successfully completed

  • Important foundation for the continuation of ACCENTRO’s success course

  • Dr Gordon Geiser appointed Member of the Management Board and Chief Investment Officer of ACCENTRO Real Estate AG

Berlin, 10 March 2023 – ACCENTRO Real Estate AG (“ACCENTRO”), an investor in residential real estate and Germany’s leading housing privatisation company, successfully completed a comprehensive refinancing transaction. All conditions for the implementation of the refinancing of the 2020/2023 bond (volume of EUR 250 million) and the 2021/2026 bond (volume of EUR 100 million) were met. All amendments have thus become effective. These include, inter alia, the extension of the maturity of both bonds by three years each (until 2026 and 2029, respectively) and the increase of the interest rate for both bonds by two percentage points each (to 5.625 % and 6.125 %, respectively). The contractually guaranteed repayment of the 2020/2023 bond in the amount of EUR 25 million once the refinancing becomes effective was made on 9 March 2023. Lars Schriewer, CEO of ACCENTRO Real Estate AG, explains: "The convincing vote of our investors is a strong signal. We can thus continue on our success course." The Supervisory Board has appointed Dr Gordon Geiser as an additional Member of the Management Board and Chief Investment Officer (CIO) of ACCENTRO Real Estate AG, effective 10 February 2023. As CIO, Dr Geiser will in future be jointly responsible for Transactions (acquisitions, investments and divestments) as well as responsible for the liquidity management. Due to his many years of experience, he has a comprehensive and deep understanding of the real estate and real estate financing sectors and has previously assisted many companies in similar processes as a member of the management team. Dr Geiser's appointment is limited in time in accordance with the terms of the refinancing transaction and will end as soon as the nominal value of the 2020/2023 bond is EUR 125 million or less due to the contractually guaranteed repayments. Lars Schriewer is very satisfied: “Our company is thus well positioned financially in the long term. I am also looking forward to working with Dr Gordon Geiser. Together with a great team, we will continue to successfully shape ACCENTRO's future.”

About ACCENTRO Real Estate AG ACCENTRO Real Estate AG is a residential property investor and Germany’s market leader in apartment privatisations. Its real estate portfolio consisted of around 5,200 units as of 30 September 2022. In addition to Berlin, regional focal points include central German cities and conurbations, as well as the Rhine-Ruhr metro region. The business activity of ACCENTRO comprises three core divisions. They are the tenant-sensitive retailing of apartments to private owner-occupiers and buy-to-let investors as well as the selling of real estate portfolios to institutional investors, and the build-up and management of a proprietary real estate portfolio, plus the provision of services for third parties. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). www.accentro.de

Contact for investor relations

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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Amendments to the terms and conditions of the 2020/2026 bond successfully completed with clear investors’ approval

24. January 2024

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