Peach Property Group AG: Application of Ares Mgmt Corp regarding the exemption from the offer obligation in relation to Peach Property Group AG

Zürich (pta037/07.07.2021/19:00 UTC+2) Press release (Ad hoc announcement pursuant Art. 53 LR)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, ITALY, CANADA, SOUTH AFRICA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.

By submission dated 18 June 2021, the shareholder of Peach Property Group AG, Ares Management Corporation, filed a request with the Swiss Takeover Board regarding the exemption from the obligation to make an offer in connection with the issuance of subordinated mandatory convertible bonds by Peach Property Group AG. For information on the background of the procedure and the application of Ares Management Corporation, please refer to the decision of the Takeover Board dated 6 July 2021 (published on http://takeover.ch).

Decision of the Swiss Takeover Board

In its decision of 6 July 2021 (published on http://takeover.ch), the Swiss Takeover Board has decreed the following:

1. Ares Management Corporation is exempt from the obligation to make a public takeover offer to the shareholders of Peach Property Group AG as a result of the conversion of the CHF 42 million subordinated mandatory convertible bonds into 763,636 new shares of Peach Property Group AG. This exemption from the obligation to make an offer is granted on the condition that the newly created shares of Peach Property Group AG are registered in the commercial register by the end of January 2022 at the latest.

2. Ares Management Corporation is obliged to inform the Takeover Board in due time, if necessary, about the holding of a possible (extraordinary) general meeting of Peach Property Group AG during the term of the subordinated mandatory convertible bonds.

3. Peach Property Group AG is obliged to publish the operative part (Dispositiv) of this order as well as the reference to the right of qualified shareholders to object pursuant to art. 6 and 7 TOO.

4. This order will be published on the website of the Takeover Board on the day of the publication of Peach Property Group AG in accordance with paragraph 3 above.

5. The fee payable to Ares Management Corporation amounts to CHF 20,000.

Objection (art. 58 TOO)

A qualified shareholder may file an objection against the Takeover Board's decision. The objection must be filed with the Takeover Board (Stockerstrasse 54, 8002 Zurich; fax: +41 44 283 17 40) within five (5) trading days from the date of publication of the decision of the Takeover Board. The first trading day after the publication of the decision of the Takeover Board on the Takeover Board's website will be the first day of the filing period. The objection must contain a motion, summary reasons and proof of the qualified participation as from the date of this notice.

Zurich, 7 July 2021

Peach Property AG

Contacts:

Media, investors and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer and Thorsten Arsan, Chief Financial Officer
+41 44 485 50 00 | investors@peachproperty.com

Media Germany
edicto GmbH, Axel Mühlhaus,

+49 69 90 55 05 52 | amuehlhaus@edicto.de

About Peach Property Group AG

The Peach Property Group is a real estate investor with an investment focus in Germany. The group stands for many years of experience, competence and quality. Innovative solutions for state-of-the-art living needs, strong partnerships and a broad value chain round off the profile. The portfolio consists of high-yield portfolio properties, typically in B-cities in the catchment area of conurbations. In addition, the Group develops real estate for its own portfolio or for condominium marketing. In the latter area, the Group concentrates on A locations and properties with attractive architecture and upscale furnishings for an international clientele. Its activities span the entire value chain from evaluating locations through to acquisitions and also active asset management and property sales or lettings.

Peach Property Group AG has its registered office in Zurich and the Group is headquartered in Cologne. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366). Its Board of Directors consists of Reto Garzetti (President), Peter Bodmer, Dr. Christian De Prati, Kurt Hardt and Klaus Schmitz.

For more information, see http://peachproperty.com

Information en français

Press release (Annonce événementielle selon l'art. 53 RC)

Peach Property Group AG: Requête de Ares Management Corporation concernant la dérogation de présenter une offre publique d'acquisition concernant Peach Property Group AG

Par soumission du 18 juin 2021, l'actionnaire de Peach Property Group AG, Ares Management Corporation, a déposé une demande auprès de la Commission des OPA concernant l'exemption de l'obligation de présenter une offre dans le cadre de l'émission d'un emprunt obligataire convertible subordonné par Peach Property Group AG. Pour des informations sur le contexte de la procédure et de la demande d'exemption d'Ares Management Corporation, veuillez vous référer à la décision de la Commission des OPA du 6 juillet 2021 (publiée sur http://takeover.ch).

Décision de la Commission des OPA

Dans sa décision du 7 juillet 2021 (publiée sur http://takeover.ch), la Commission des OPA a décidé ce qui suit:

1. Ares Management Corporation est exemptée de l'obligation de faire une offre publique d'achat aux actionnaires de Peach Property Group AG suite à la conversion des obligations subordonnées à conversion obligatoire (Pflichtwandelanleihe) d'un montant de 42 millions de francs suisses en 763'636 nouvelles actions de Peach Property Group AG. Cette exemption de l'obligation de présenter une offre est accordée à condition que les actions nouvellement créées de Peach Property Group AG soient inscrites au registre du commerce au plus tard fin janvier 2022.

2. Ares Management Corporation est tenue d'informer la Commission des OPA en temps utile, si nécessaire, de la tenue d'une éventuelle assemblée générale (extraordinaire) de Peach Property Group AG pendant la durée des Obligations Convertibles Obligatoires Subordonnées.

3. Peach Property Group AG publiera le dispositif de la présente décision conformément aux art. 6 et 7 OOPA.

4. La présente décision sera publiée sur le site internet de la Commission des OPA après la publication par Peach Property Group AG conformément au chiffre 3 du présent dispositif.

5. L'émolument à charge de Ares Management Corporation se monte à CHF 20'000.

Opposition (art. 58 OOPA)

Un actionnaire qualifié peut former opposition contre la décision de la COPA. L'opposition doit parvenir à la COPA (Stockerstrasse 54, 8002 Zurich; fax: +41 44 283 17 40) dans un délai de cinq jours de bourse à compter de la date de publication de la décision de la COPA. Le premier jour de bourse après la publication de la décision de la COPA sur le site Internet de la COPA sera le premier jour du délai. L'opposition doit contenir une requête et une motivation sommaire ainsi que la preuve de la participation qualifiée.

Zurich, le 7 juillet 2021

Peach Property AG

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Emitter:	Peach Property Group AG Neptunstrasse 96 8032 Zürich Switzerland
Contact Person:	Dr. Thomas Wolfensberger and Thorsten Arsan
Phone:	+41 44 485 50 00
E-Mail:	investors@peachproperty.com
Website:	www.peachproperty.com
ISIN(s):	CH0118530366 (Share)
Stock Exchange(s):	SIX Swiss Exchange; Free Market in Berlin, Frankfurt, Stuttgart