DEMIRE reaches commercial agreement with a further group of bondholders
regarding the restructuring of the 2019/2024 bond

EQS-Ad-hoc: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Bond
DEMIRE reaches commercial agreement with a further group of bondholders
regarding the restructuring of the 2019/2024 bond

02-Jul-2024 / 00:17 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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Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014

DEMIRE reaches commercial agreement with a further group of bondholders
regarding the restructuring of the 2019/2024 bond

Langen, 1 July 2024. Today, a further significant group of holders ("Further
Bondholders") of the unsecured corporate bond (ISIN: DE000A2YPAK1) issued by
DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) ("Company")
with a maturity date of October 15, 2024 and a currently outstanding
principal amount of EUR 499 million ("Bond") have agreed to support the
financial restructuring as outlined in the Company's ad hoc announcement
dated June 5, 2024 ("Transaction") and as agreed between the Company and a
certain group of bondholders ("Ad hoc Group") in a lock-up agreement
("Lock-up
Agreement"), subject to the following limited amendments: (i) payment of an
additional 2% fee by the Company to bondholders in the event that the
Company does not manage to reduce the principal amount outstanding under the
Bond by EUR 50,000,000.00 in 2026 with such reduction required to be made at
par value; (ii) an increase of the PIK interest in 2027 from 1% to 3% if the
Bond has not been repaid in full by the end of 2026 (such amendments, the
"Proposed
Amendments"). On that basis, the Further Bondholders have furthermore agreed
to participate in the backstop of the tender offer as outlined in the ad hoc
publication of the Company on 5 June 2024.

The Company will now approach the Ad hoc Group to request an amendment to
the Lock-up Agreement and their consent to implement the Transaction with
the Proposed Amendments. The Company is optimistic that the Ad hoc Group
will consent to the Proposed Amendments, since they further improve the
terms of the reinstated bond. Upon amendment of the Lock-up Agreement, the
Company intends to convene a vote without a meeting in accordance with the
German Bond Act (SchVG) shortly to implement the Transaction with the
Proposed Amendment with the support of both, the Further Bondholders and the
Ad hoc Group, which together hold, directly or indirectly, bonds
representing more than 90% of the total outstanding nominal amount of the
bond.


Contact:
Julius Stinauer MRICS
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telefon: +49 6103 372 4944
Email: stinauer@demire.ag


End of Inside Information

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   Language:       English
   Company:        DEMIRE Deutsche Mittelstand Real Estate AG
                   Robert-Bosch-Straße 11
                   63225 Langen (Hessen)
                   Germany
   Phone:          +49 6103 37249-0
   Fax:            +49 6103 37249-11
   E-mail:         ir@demire.ag
   Internet:       www.demire.ag
   ISIN:           DE000A0XFSF0
   WKN:            A0XFSF
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Stuttgart, Tradegate Exchange
   EQS News ID:    1937359

End of Announcement EQS News Service
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1937359 02-Jul-2024 CET/CEST