ADLER Real Estate AG: Special audit requested by SdK rejected by the court

EQS-News: ADLER Real Estate AG / Key word(s): Miscellaneous
ADLER Real Estate AG: Special audit requested by SdK rejected by the court

12.09.2023 / 10:04 CET/CEST
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

Special audit requested by SdK rejected by the court

Berlin, 12 September 2023: The Berlin Regional Court has rejected the
application of the Schutzgemeinschaft der Kapitalanleger (SdK) for a special
audit of ADLER Real Estate AG ("ADLER"), a subsidiary of Adler Group S.A.
The reason was concern of bias. The court found that the special auditor
Reitze Wilken Partnerschaft von Rechtsanwälten mbH, who had been appointed
by the SdK and had also already been appointed by the court, was not
suitable for the special audit. Due to personal connections to the SdK, an
objective audit could not be guaranteed; rather, an audit guided by
interests - in the sense of the applicant - was to be feared.

At the same time, the court was of the opinion that the application should
be rejected in its entirety. This means that it is no longer possible to
commission another law firm with the special audit.

The SdK had attempted to enforce a special audit of various business
transactions of ADLER Real Estate AG, some of which reached far into the
past, after a corresponding motion at the extraordinary shareholders'
meeting on 28 April 2023 failed to find a majority. After it became known
that the press spokesman of the SdK was to be a member of the special audit
team, ADLER filed a complaint.

Contact

Investor Relations:

T +352 278 456 710

F +352 203 015 00

E investorrelations@adler-group.com


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12.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        ADLER Real Estate AG
                   Am Karlsbad 11
                   10785 Berlin
                   Germany
   Phone:          +49 30 39 80 18 10
   Fax:            +49 30 39 80 18 199
   E-mail:         info@adler-ag.com
   Internet:       www.adler-ag.com
   ISIN:           DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02
   WKN:            500800, A14J3Z, A1R1A4, A11QF0
   Indices:        GPR General Index
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1724087

End of News EQS News Service
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1724087 12.09.2023 CET/CEST