ACCENTRO Real Estate AG: Background to the notification of the orders for
audit by BaFin

EQS-News: Accentro Real Estate AG / Key word(s): Statement/Real Estate
ACCENTRO Real Estate AG: Background to the notification of the orders for
audit by BaFin

08.07.2024 / 11:06 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

ACCENTRO Real Estate AG: Background to the notification of the orders for
audit by BaFin

            Berlin, 8 July 2024 - Germany's Federal Financial Supervisory
     Authority ("BaFin") announced in decisions dated 13 and 25 June 2024
    that it had ordered an examination for cause pursuant to section 107,
          paragraph 1, sentence 1, German Securities Trading Act, towards
          ACCENTRO Real Estate AG ("Company") and reported on this on its
   homepage today. The orders for audit concern exclusively the Company's
   accounting for the reversal of the acquisition of DIM Holding AG ("DIM
         transaction") in the disclosed annual and consolidated financial
    statements dated 31 December 2021 and 31 December 2022 along with the
      related combined management reports for the 2021 and 2022 financial
                                                                   years.

            The reason for the order were indications suggesting that the
    Company's claim to repayment of the purchase price including interest
    in the amount of EUR 15.8 million as of 31 December 2021 (31 December
           2022: EUR 16.5 million) and the loan granted to DIM Holding AG
    including interest in the amount of EUR 3.1 million as of 31 December
   2021 (31 December 2022: EUR 3.3 million) might have had to be adjusted
                                       in the respective financial years.

      As a result of the orders for audit, BaFin will audit the Company's
      accounting separately in relation to the DIM transaction during the
            2021 and 2022 financial years. Other than that, the Company's
          financial reports for the 2021 and 2022 financial years are not
                                subject to any further auditing by BaFin.

          The Company maintains close communication with BaFin to further
     clarify the past facts and to bring the examinations for cause to an
                            amicable conclusion in a constructive dialog.

       Independently of this, the new Management Board has already made a
      value adjustment of EUR 13.3 million as of 30 September 2023 due to
     ongoing developments in connection with the enforcement of the claim
    and to the very distressed situation on the real estate market, which
     was reported in detail in the respective opportunity and risk report
   (page 10 of the interim financial statement for Q3 2023). The residual
   receivable from the DIM transaction has therefore only amounted to EUR
     4.4 million since 30 September 2023. In this respect, the Management
        Board does not expect any relevant disadvantages for the Company.

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is a residential investor and market leader in
residential privatisation in Germany. As of 30 September 2023, the property
portfolio comprised 5,731 units with an area of around 334,000 square
metres. The book value of the entire portfolio totalled around EUR 590
million. In addition to Berlin, the regional focus includes major central
German cities and conurbations as well as the Rhine-Ruhr metropolitan
region. ACCENTRO's business activities comprise three core areas. These
include the tenant-oriented sale of flats to private owner-occupiers and
investors, the sale of property portfolios to institutional investors, the
management of its own property portfolio and services for third parties. The
shares of ACCENTRO Real Estate AG are listed in the Prime Standard segment
of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3).
www.accentro.de

Contact for investor relations and press:

Thomas Eisenlohr
ACCENTRO Real Estate AG
Kantstraße 44/45
10625 Berlin
E-mail: eisenlohr@accentro.de
Phone +49 (0)30 88 71 81 272


---------------------------------------------------------------------------

08.07.2024 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.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        Accentro Real Estate AG
                   Kantstr. 44/45
                   10625 Berlin
                   Germany
   Phone:          +49 (0)30 - 887 181 - 0
   Fax:            +49 (0)30 - 887 181 - 11
   E-mail:         info@accentro.ag
   Internet:       www.accentro.ag
   ISIN:           DE000A0KFKB3
   WKN:            A0KFKB
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1941175

End of News EQS News Service
---------------------------------------------------------------------------

1941175 08.07.2024 CET/CEST