GORE German Office Real Estate AG: GORE plans to acquire First Move! AG as
part of a capital increase through contributions in kind to enter the automated
parking and parking garage technology sector

EQS-Ad-hoc: GORE German Office Real Estate AG / Key word(s): Strategic
Company Decision
GORE German Office Real Estate AG: GORE plans to acquire First Move! AG as
part of a capital increase through contributions in kind to enter the
automated parking and parking garage technology sector

24-Oct-2023 / 11:11 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Publication of inside information pursuant to Art. 17 of Regulation (EU) No.
596/2014

GORE plans to acquire First Move! AG as part of a capital increase through
contributions in kind to enter the automated parking and parking garage
technology sector

- Extraordinary General Meeting of GORE to decide on refocusing, capital
increase in kind and change of name to "Eco Motion AG"

- Plans for participation in BrickMark Group AG terminated

Frankfurt am Main, 24 October 2023 - The Management Board of GORE German
Office Real Estate AG ("GORE", ISIN DE000A0Z26C8) has today decided to
propose at an Extraordinary General Meeting of GORE, yet to be convened, the
adoption of a resolution on the acquisition of 100% of the shares in the
Swiss company First Move! AG ("First Move") by way of a capital increase
against contribution in kind excluding shareholders' subscription rights
("Transaction"). This is accompanied by the decision of GORE's Executive
Board, also taken today, not to pursue plans for a strategic investment in
BrickMark Group AG.

First Move has a patented parking technology that achieves an increase in
the productivity of the parking area by over 100% compared to a conventional
parking garage. The solution - which is also suitable for retrofitting -
significantly reduces pollutant emissions and space requirements and also
significantly increases the capacity for charging electric vehicles. The
Executive Board sees the opportunity to develop GORE into a leading player
in the rapidly growing market for "automated parking" with this business
model already in the short term. The refocusing of its business model is to
be accompanied by the renaming of GORE as "Eco Motion AG".

The resolution was immediately preceded by an agreement with the
shareholders of First Move on the key points and the implementation of the
transaction. First Move's shareholders include Thomas Olek, the indirect
majority shareholder of GORE, through an investment vehicle. The 84.5%
majority shareholder of GORE, PREOS Global Office Real Estate & Technology
AG, has already signaled its approval of the transaction.

The intended capital increase against contributions in kind shall be based
on the capital reduction to EUR 3,752,500.00 resolved by the Annual General
Meeting of GORE on 20 October 2023 and shall be carried out against the
granting of 19,000,000 new GORE shares at an issue price of EUR 6.00 per
GORE share to the shareholders of First Move. The exchange ratio shall be
190,000:1, i.e. for each First Move share, First Move shareholders shall
receive 190,000 new GORE shares. The exchange ratio is based on a valuation
of First Move in the amount of approximately EUR 129.7 million, whereby it
was possible to agree with the shareholders of First Move on a lower
valuation for the transaction of EUR 114 million. The invitation to an
Extraordinary General Meeting of GORE is expected to be published later
today.

GORE's Annual General Meeting on 20 October 2023 approved the proposed
capital reduction with a majority of over 97 percent. Nevertheless, several
objections have been declared, among others also against this resolution of
the Annual General Meeting. The success of the intended transaction will
therefore also depend on whether the capital reduction can be implemented in
the foreseeable future.

The Executive Board is sticking to its plans to sell GORE's remaining real
estate portfolio. In view of the difficult situation on the real estate
markets, this process may take some time, so that the six existing
properties that have not yet been sold may remain in the indirect ownership
of GORE for a longer period of time and thus be further developed in line
with the current business model.


End of Inside Information

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Information and Explanation of the Issuer to this announcement:

Jörg Reinhardt, CEO of GORE German Office Real Estate AG: "I am convinced
that the planned refocusing will give GORE promising prospects and that we
will be able to create added value for our shareholders. The optimization
and automation of parking areas makes a great deal of sense from an
environmental point of view and we see a correspondingly high demand. With
First Move's innovative and patented technology, our company can quickly
achieve a leading position in this dynamically growing market. We no longer
see this opportunity for our company in the challenging real estate market,
so I hope that our entire shareholder base will actively support GORE on its
path to new opportunities."


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24-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
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   Language:       English
   Company:        GORE German Office Real Estate AG
                   Bockenheimer Landstraße 17-19
                   60325 Frankfurt am Main
                   Germany
   Phone:          069 / 2714 74 038
   E-mail:         info@gore-ag.de
   Internet:       www.gore-ag.de
   ISIN:           DE000A0Z26C8
   WKN:            A0Z26C
   Listed:         Regulated Unofficial Market in Frankfurt, Munich
                   (m:access)
   EQS News ID:    1756043

End of Announcement EQS News Service
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1756043 24-Oct-2023 CET/CEST