S IMMO AG: CPI Property Group requests Extraordinary General Meeting to cancel maximum voting rights and gain control

Vienna (pta032/14.04.2022/14:40 UTC+2)

Today, 14 April 2022, S IMMO AG has received a request from the shareholder CPI Property Group ("CPI") to convene an extraordinary shareholders' meeting of S IMMO AG. The motion is to resolve on the cancellation without replacement of the maximum voting rights ceiling stipulated in Section 13 (3) of the Articles of Association of S IMMO AG. According to the request, the resolution will need merger control clearance in Austria, Germany, Hungary, Romania, Serbia and Slovakia in order to take effect.

In addition, CPI Property Group announces its intention to make a mandatory offer for all shares in S IMMO AG not held by CPI and parties acting in concert with CPI after registration of the amendment to the Articles of Association in the Austrian commercial register in accordance with the provisions of the Austrian Takeover Act ("ÜbG").

CPI has also published an ad-hoc announcement today quoting a minimum price for the intended mandatory offer under § 26 (1) ÜbG at the time of this announcement of intent of at least EUR 22.00 in cash per S IMMO share (ISIN AT0000652250) cum dividend.

The Management Board and the Supervisory Board of S IMMO AG will review the request to convene an Extraordinary General Meeting and decide on the further course of action. The Management Board and the Supervisory Board will take up CPI's offer for talks and enter into respective discussions.

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Emitter:	S IMMO AG Friedrichstraße 10 1010 Wien Austria
Contact Person:	Elisabeth Wagerer
Phone:	+43 1 22795-1120
E-Mail:	elisabeth.wagerer@simmoag.at
Website:	www.simmoag.at
ISIN(s):	AT0000652250 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)