IMMOFINANZ AG: IMMOFINANZ starts preparations for a squeeze-out of S IMMO AG

EQS-Ad-hoc: IMMOFINANZ AG / Key word(s): Squeeze Out/Investment
IMMOFINANZ AG: IMMOFINANZ starts preparations for a squeeze-out of S IMMO AG

24-May-2024 / 15:02 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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Ad-hoc announcement
Vienna, 24 May 2024

IMMOFINANZ starts preparations
for a squeeze-out of S IMMO AG

Today, the Supervisory Board of IMMOFINANZ AG ("IMMOFINANZ") approved the
commencement of preparations for a squeeze-out of S IMMO AG ("S IMMO") in
accordance with the Austrian Squeeze out Act
(Gesellschafter-Ausschlussgesetz). In the course of the squeeze-out, shares
in S IMMO (AT0000652250) held by minority shareholders shall be transferred
to IMMOFINANZ as main shareholder in exchange for appropriate cash
compensation.

Together with its parent company CPI Property Group S.A. ("CPIPG"),
IMMOFINANZ holds a stake of approximately 88.37% in the share capital of S
IMMO (taking into account the treasury shares of S IMMO of approximately
92.54%), meaning that IMMOFINANZ is classified as a main shareholder under
the Austrian Squeeze-out Act. The squeeze-out currently relates to 5,246,664
S IMMO shares, which corresponds to approximately 7.13% of the share
capital.

Following the completion of preparatory steps, and subject to further legal,
tax and financial review, IMMOFINANZ as main shareholder would submit a
request to S IMMO to initiate the procedure under the Austrian Squeeze-out
Act. The cash compensation for the acquisition of the S IMMO shares will be
determined based on a valuation report to be obtained. The squeeze-out will
then be submitted for approval at a shareholders' meeting of S IMMO.

On IMMOFINANZ

IMMOFINANZ is a commercial real estate group whose activities are focused on
the office and retail segments of eight core markets in Europe: Austria,
Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and the Adriatic
region. The core business covers the management and development of
properties, whereby IMMOFINANZ relies on its established real estate brands
- STOP SHOP (retail), VIVO! (retail) and myhive (office) - and also on
complementary products and portfolios that include S IMMO. IMMOFINANZ
increased its investment in S IMMO to 50% plus one share at the end of 2022
and now consolidates this company in full. IMMOFINANZ Group holds more than
500 properties with a combined value of approximately EUR 8.2 billion.
IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index)
and Warsaw. Further information under: https://www.immofinanz.com

IMPORTANT INFORMATION

This announcement is a mandatory announcement pursuant to Article 17 of the
Market Abuse Regulation (EU) No 596/2014 and has been made by IMMOFINANZ AG
(IMMOFINANZ) solely for the purpose of disclosing inside information and in
connection with a potential squeeze-out at S IMMO AG ("S IMMO"). This
announcement is for information purposes only and does not constitute a
solicitation or recommendation or an invitation to buy or sell securities of
IMMOFINANZ or S IMMO. Conditions and other provisions relating to a
squeeze-out will be contained in the documents to be published by IMMOFINANZ
and S IMMO by law. The content of these documents is authoritative and
IMMOFINANZ expressly recommends that these documents be reviewed.

To the extent this announcement contains forward-looking statements
concerning IMMOFINANZ and/or S IMMO, such statements do not represent facts
and are characterized by the words such as "will", "expect", "believe",
"estimate", "intend", "aim", "assume" or similar expressions. Such
statements express intentions, opinions or current expectations and
assumptions of IMMOFINANZ. These forward-looking statements are based on
current plans, estimates and forecasts, but do not claim to be correct in
the future. Forward-looking statements are subject to risks and
uncertainties that are difficult to predict and usually cannot be influenced
by IMMOFINANZ. It should be kept in mind that the actual events or
consequences may differ materially from those contained in or expressed by
such forward-looking statements.

For additional information contact:

Simone Korbelius
Investor Relations and Corporate Communications
T +43 (0)1 88 090 2291
M +43 (0)699 1685 7291
communications@immofinanz.com
investor@immofinanz.com

1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com


End of Inside Information

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24-May-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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   Language:       English
   Company:        IMMOFINANZ AG
                   Wienerbergstraße 9
                   1100 Vienna
                   Austria
   Phone:          +43 (0) 1 88090 - 2291
   Fax:            +43 1 88090 - 8291
   E-mail:         investor@immofinanz.com
   Internet:       http://www.immofinanz.com
   ISIN:           AT0000A21KS2
   WKN:            A2JN9W
   Listed:         Regulated Unofficial Market in Berlin, Frankfurt,
                   Munich, Stuttgart; Warschau, Vienna Stock Exchange
                   (Official Market)
   EQS News ID:    1910913

End of Announcement EQS News Service
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1910913 24-May-2024 CET/CEST