Peach Property Group AG: Changed conditions and subscription period for convertible bond

Zürich (pta006/11.04.2023/07:00 UTC+2)

Ad hoc announcement pursuant to Art. 53 LR

Peach Property Group AG is extending the subscription period for the convertible bond resolved on March 21, 2023, to May 9, 2023, at 12 noon CET. In addition, the conversion price will be reduced to CHF 15. The issuance volume remains unchanged at CHF 50 million, the increase option has been limited to CHF 65 million due to the lower conversion price. The proceeds from the issue will be used primarily to refinance the Company's outstanding hybrid warrant bond (SWX: PEA231; ISIN: CH0417376040). Accordingly, a 1:1 exchange offer plus accrued interest will be made to the investors of this instrument.

Overview of the new convertible bond

The issue price of the new convertible bond amounts to 100 percent of the nominal value. The terms and conditions provide for an annual interest coupon of 3 percent with a three-year maturity until May 2026. Interest will be paid annually, for the first time on May 16, 2024. Peach Property Group expects issue proceeds of approximately CHF 50 million, with an option to further increase up to CHF 65 million. The conversion of the convertible bond can be carried out annually during the bond's term within two conversion windows of five trading days each into shares of Peach Property Group AG (SWX: PEAN) at a nominal value of CHF 15. The bond can be converted for the first time on December 15, 2023. The new shares will be issued as part of the Company's conditional capital.

With an issue volume of CHF 50 million, Peach Property Group AG will, depending on the actual volume converted, issue up to 3.33 million new shares during the bond's term. This would correspond to approximately 16 percent of the outstanding share capital of the Group after the conversion of the outstanding mandatory convertible bond as of tomorrow, April 12, 2023.

Contact:

Media, investors, and analysts

Dr. Thomas Wolfensberger, Chief Executive Officer, Thorsten Arsan, Chief Financial Officer, and Stefan Feller, Head of Investor Relations
+41 44 485 50 18 | investors@peachproperty.com

Media Germany

Edelman Smithfield, Ruediger O. Assion
+49 (0) 221 8282 8111 | mobile: +49 (0) 162 4909624 | ruediger.assion@edelmansmithfield.com

About Peach Property Group AG

Peach Property Group is a real estate investor with an investment focus on residential real estate in Germany. The Group stands for many years of experience, competence, and quality. Innovative solutions that cater to tenants' needs, strong partnerships, and a broad value chain round off the profile while digitalization and sustainability underpin the operational activities. The portfolio consists of high-yield properties, typically in German Tier II cities in the commuter belt of metropolitan areas. The activities, therefore, span the entire value chain, from location evaluation and acquisition to active asset management and the letting or sale of properties.
In addition, the Group develops selected properties in Switzerland to be sold as condominiums, of which the "Peninsula Wädenswil" development project is the final such development project.

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.
More information at https://peachproperty.com/en/

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Emitter:	Peach Property Group AG Neptunstrasse 96 8032 Zürich Switzerland
Contact Person:	Thomas Wolfensberger, Thorsten Arsan and Stefan Feller
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