Swiss Life Asset Management AG: Swiss Life REF (CH) ESG Swiss Properties:
issue price and issue prospectus

Swiss Life Asset Management AG / Key word(s): Capital Increase
Swiss Life Asset Management AG: Swiss Life REF (CH) ESG Swiss Properties:
issue price and issue prospectus

19-Jun-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Zurich, 19 June 2024
Ad hoc announcement pursuant to Art. 53 LR

Swiss Life REF (CH) ESG Swiss Properties: issue price and issue prospectus

A capital increase of around CHF 610 million is planned for the Swiss Life
REF (CH) ESG Swiss Properties in July 2024. The issue price is CHF 114.80
net per unit.

The issue will take place on a commission ("best-effort") basis as part of a
public subscription offer in Switzerland. Three (3) subscription rights
entitle the holder to purchase one (1) new unit. The subscription period for
the issue will run from 2 July until 12 noon CET on 12 July 2024. In total,
a maximum of 5 400 000 new units will be issued. If applicable, any
unsubscribed units will not be issued, which may reduce the amount of the
issue.

The issue price is CHF 114.80 net per unit and is based on the net asset
value as at 31 March 2024, plus the purchase of current income and the
issuing commission due at 1.5% (of which a flat rate of 0.5% will be
allocated as ancillary costs in favour of the fund). The actual number of
new units to be issued will be announced on 16 July 2024, with payment under
subscription on 17 July 2024.

The issue prospectus can be found on the website.

Issue conditions

   Issue           Approx. CHF 610 million
   volume:
   Subscriptio-    From 2 July to 12 July 2024, 12:00 p.m. (CET)
   n period:
   Subscriptio-    Three (3) subscription rights entitle the holder to one
   n ratio:        (1) new unit.
   Subscriptio-    From 2 July to 10 July 2024 on SIX Swiss Exchange.
   n rights
   trading:
   Issue price     CHF 114.80 net per unit (NAV as at 31 March 2024 (CHF
   per unit:       112.34) + accrued return + issuing commission).
   Issuing         The issuing commission for the new units is 1.5% (of
   commission:     which a flat rate of 0.5% will be allocated as ancillary
                   costs in favour of the fund).
   Payment         17 July 2024
   under
   subscriptio-
   n:
   Circle of       The circle of investors is not restricted.
   investors:
   ISIN /          Unit certificate: CH0293784861 / 29378486 Subscription
   security        right: CH1355290185 / 135529018
   no.
   subscriptio-
   n rights:
   Type of         The issue will take place on a commission
   issue:          ("best-effort") basis as part of a public subscription
                   offer in Switzerland.
   Use:            The issue proceeds will be used to acquire a real estate
                   portfolio worth around CHF 700 million from Swiss Life
                   Ltd and for the renovation and expansion of existing
                   residential buildings.

Information
Media Relations
Phone +41 43 284 77 77
media.relations@swisslife.ch

Investor Relations
Phone +41 43 284 52 76
investor.relations@swisslife.ch

www.swisslife-am.com

Swiss Life Asset Managers
Swiss Life Asset Managers has more than 165 years of experience in managing
the assets of the Swiss Life Group. This insurance background has exerted a
key influence on the investment philosophy of Swiss Life Asset Managers,
which is governed by such principles as value preservation, the generation
of consistent and sustainable performance and a responsible approach to
risks. Swiss Life Asset Managers offers this proven approach to third-party
clients in Switzerland, France, Germany, Luxembourg, the UK, Italy and the
Nordic countries.

As at 31 December 2023 assets under management for third-party clients
amount to CHF 111.8 billion. Together with insurance mandates for the Swiss
Life Group, total assets under management at Swiss Life Asset Managers stood
at CHF 255.7 billion. Swiss Life Asset Managers is a leading real estate
manager in Europe1. Of the assets totalling CHF 255.7 billion, CHF 85.4
billion is invested in real estate. In addition, Swiss Life Asset Managers,
in cooperation with Livit, manages real estate totalling CHF 21.2 billion in
value. Total real estate assets under management and administration at the
end of December 2023 thus came to CHF 106.7 billion.

Swiss Life Asset Managers employs more than 2200 people in Europe.

Self-determined Life
Swiss Life enables people to lead a self-determined life and look to the
future with confidence. Swiss Life Asset Managers pursues the same goal: We
think long-term and act responsibly. We use our knowledge and experience to
develop future-oriented investment solutions. This is how we support our
customers in achieving their long-term investment objectives, which in turn
also take account of their client's needs so they can plan their financial
future in a self-determined manner.

1 INREV Fund Manager Survey 2023 (AuM as of 31.12.2022)

Disclaimer
This announcement has been produced with the greatest possible care and to
the best of our knowledge and belief. However, we do not accept any
liability for losses resulting from the use of this information. This
publication is not intended as a solicitation or recommendation to buy or
sell investment instruments, but only serves to provide information. Prior
to subscribing or acquiring fund units on the stock exchange, investors
should obtain and carefully read the detailed information on the fund
contained in the regulatory documentation (prospectus with integrated fund
contract, PRIIPs KID and the latest annual and semi-annual reports) that
serve as the sole legal basis for the purchase of fund units. These may be
ordered free of charge in electronic or printed form from the fund
management company, Swiss Life Asset Management Ltd, General-Guisan-Quai 40,
8002 Zurich.

Past performance is no indication of current or future performance The
performance data do not include commissions and costs incurred when issuing
and redeeming fund units. Both Swiss Life Ltd and the other members of the
Swiss Life Group are entitled to positions in this fund and to purchase
and/or sell them. Swiss Life Asset Managers' funds may not be offered for
sale or sold in the US or on behalf of US citizens or US persons residing in
the US. "Swiss Life Asset Managers" is the brand for the asset management
activities of the Swiss Life Group. More information is available at
www.swisslife-am.com. Source: Swiss Life Asset Managers (unless stated
otherwise). All rights reserved. Contact: info@swisslife-am.com.

Additional features:


File: https://eqs-cockpit.com/c/fncls.ssp?u=939a58a0059bcc28791dba90e280bee6
File description: Media release (PDF)

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End of Inside Information

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   Language:       English
   Company:        Swiss Life Asset Management AG
                   General-Guisan-Quai 40
                   8022 Zürich
                   Switzerland
   Phone:          +41 43 284 77 09
   E-mail:         sl-am-communication@swisslife-am.com
   Internet:       www.swisslife-am.com
   ISIN:           CH0293784861
   Valor:          29378486
   Listed:         SIX Swiss Exchange
   EQS News ID:    1926961

End of Announcement EQS News Service
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1926961 19-Jun-2024 CET/CEST