GORE German Office Real Estate AG: Extraordinary General Meeting approves
refocusing, non-cash capital increase and change of name to 'GORE Technologies
AG'

EQS-News: GORE German Office Real Estate AG / Key word(s): AGM/EGM
GORE German Office Real Estate AG: Extraordinary General Meeting approves
refocusing, non-cash capital increase and change of name to 'GORE
Technologies AG'

01.12.2023 / 15:41 CET/CEST
The issuer is solely responsible for the content of this announcement.

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GORE German Office Real Estate AG: Extraordinary General Meeting approves
refocusing, non-cash capital increase and change of name to "GORE
Technologies AG"

Frankfurt am Main, December 1, 2023 - The shareholders of GORE German Office
Real Estate AG ("GORE", ISIN DE000A0Z26C8) approved all items on the agenda
at yesterday's Extraordinary General Meeting with a large majority of more
than 98.5 percent of the votes. This means that, among other things, the
acquisition of 100% of the shares in the Swiss company First Move! AG
("First Move") as part of a non-cash capital increase excluding
shareholders' subscription rights. First Move has a patented parking and
parking garage technology that achieves an increase in parking garage space
productivity of 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. With the acquisition, GORE is
refocusing its business model to become the leading player in the rapidly
growing market for "automated parking". As part of the refocusing, the
shareholders also approved the change of the company's name to "GORE
Technologies AG" by a large majority.

The non-cash capital increase will be based on the capital reduction to EUR
3,752,500.00 resolved by the Annual General Meeting of GORE on October 20,
2023 and will 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 will be 190,000:1, i.e. for every one First
Move share, its shareholders will receive 190,000 new GORE shares. The
exchange ratio is based on an expert valuation of First Move of around EUR
129.7 million, whereby an agreement was reached with the shareholders of
First Move on a lower valuation for the transaction of EUR 114 million.

Further details on the voting results of the Extraordinary General Meeting
can be found here:
https://www.gore-ag.de/en/investor-relations-2/#general-meeting

About GORE


GORE German Office Real Estate AG ("GORE") is a dynamically growing real
estate investor with a focus on office properties in German metropolitan
areas. Using a manage-to-core approach, GORE acquires properties in
preferred locations at below market value wherever possible in order to
enhance their value in the long term. The focus of investment activities is
on properties with a market value of between EUR 1 million and EUR 15
million. GORE believes that this size category offers a less competitive
market environment for acquisitions compared to other property sizes. GORE's
aim is to work with its partners to generate above-average potential for
value appreciation and returns along the entire value chain, from
acquisition and management through to sale. The volume of the real estate
portfolio is to be multiplied in the coming years through acquisitions.

Press Contact:

edicto GmbH

Axel Mühlhaus/ Svenja Liebig

Eschersheimer Landstraße 42

60322 Frankfurt am Main

Phone +49(0) 69/905505-56

E-mail: gore@edicto.de


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01.12.2023 CET/CEST Dissemination of a Corporate News, 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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   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:    1787881

End of News EQS News Service
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1787881 01.12.2023 CET/CEST