GIEAG Immobilien AG: GIEAG successfully completes refinancing measures and secures liquidity

Munich (pta026/26.08.2024/15:15 UTC+2)

GIEAG Immobilien AG ('GIEAG') announces that the challenges identified as part of a review of the liquidity situation initiated by the company have been overcome by successfully implementing refinancing measures. The company was able to sell several portfolio properties and successfully conclude negotiations with the main financing banks, leading to an extension of the required financing of up to three years.

In addition, several financing measures in the form of shareholder loans and loans from related parties as well as two additional loans from the principal bank contributed to stabilising the liquidity situation.

On the basis of these measures, auditing firms commissioned for this purpose have each issued a positive going concern forecast in the form of an Independent Business Review (IBR). The company's financial situation has stabilised, which means that the continuation of the company and its project companies is assured.

GIEAG will continue to inform the capital market about significant developments in accordance with legal requirements.

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Emitter:	GIEAG Immobilien AG Montgelasstraße 14 81679 München Germany
Contact Person:	Benjamin Johansson
Phone:	+49 89 290516-0
E-Mail:	ir@gieag.de
Website:	www.gieag.de
ISIN(s):	DE0005492276 (Share)
Stock Exchange(s):	Free Market in Munich