Branicks continues to drive consolidation and significantly reduces loan
liabilities

EQS-News: Branicks Group AG / Key word(s): Real Estate/Financing
Branicks continues to drive consolidation and significantly reduces loan
liabilities

28.06.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Branicks continues to drive consolidation and significantly reduces loan
liabilities

* Bridge financing reduced by a further EUR 40 million

* Strategic realignment and financial consolidation making good progress

* Office properties in Mannheim, Frankfurt and Düsseldorf go to VIB

Frankfurt am Main, 28 June 2024. Branicks Group AG ('Branicks'), ISIN:
DE000A1X3XX4, one of Germany's leading listed real estate companies, is
consistently implementing its course of strategic realignment and financial
consolidation with further progress. In this context, office properties from
Branicks' commercial portfolio were transferred to VIB Vermögen AG - in
which Branicks holds around 69% - this week. The purchase price amounted to
EUR 125.8 million.

The properties in Mannheim, Frankfurt and Düsseldorf have a total rental
area of 38,280 sqm and are well let. The transfer supports the strategic
development of VIB into a diversified holder of assets in the logistics and
office classes and into a major portfolio holder within the Branicks Group.

At the same time, Branicks announces the further reduction of its loan
liabilities by repaying a partial amount of the VIB bridge financing of EUR
40 million at the end of the quarter.

Following the previous consolidation steps in the past quarter and financial
year, this leaves a residual bridge financing of EUR 120 million. In
accordance with the restructuring plan drawn up and approved on the basis of
the corporate planning reviewed by independent experts, this remaining
amount will be repaid by the end of 2024 at the latest.

'We are delivering what we promised and are making very good progress in the
further development of our company and its financial consolidation. We are
making progress in reducing our debt as planned and agreed. We are also
sharpening our strategic profile and the roles of the Group companies. In
the gradually recovering commercial real estate market, we are positioning
Branicks Group AG as a high-profile holder and manager of real estate in the
logistics, office and renewables asset classes and as a consultant and
service provider with a creative approach and a willingness to innovate
along the entire value chain,' commented Sonja Wärntges, CEO of Branicks
Group AG.

About Branicks Group AG:
Branicks Group AG (formerly DIC Asset AG) is a leading German listed
specialist for office and logistics real estate as well as newly renewable
assets with over 25 years of experience in the real estate market and access
to a broad investor network. Our basis is the national and regional real
estate platform with nine offices in the ground in all major German markets
(including VIB Vermögen AG). As of March 31, 2024, we managed properties
with a market value of EUR 13.1 billion in the Commercial Portfolio and
Institutional Business segments.

The Commercial Portfolio segment comprises real estate held for our own
account. Here, we generate cash flows from stable rent revenues on long-term
leases while also optimizing the value of our portfolio assets through
active management and realizing gains from sales.

In the Institutional Business segment, we earn recurrent fees from real
estate services we provide to national and international institutional
investors by structuring and managing investment products that return
attractive dividend yields.

The shares of Branicks Group AG are listed in the Prime Standard of the
German Stock Exchange (WKN: A1X3XX / ISIN: DE000A1X3XX4).

The company is fully committed to sustainability and occupies top positions
in ESG-relevant ratings such as Morningstar Sustainalytics and S&P Global
CSA. The Branicks Group is also a signatory to the UN Global Compact and the
UN PRI network. Properties in the Branicks portfolio have been awarded
renowned sustainability certificates such as DGNB, LEED or BREEAM.

For more details, go to www.branicks.com

PR Contact Branicks Group AG

Stephan Heimbach

Neue Mainzer Straße 32-36

60311 Frankfurt am Main

Fon +49 69 9454858-1569

pr@branicks.com

IR Contact Branicks Group AG

Jasmin Dentz

Neue Mainzer Straße 32-36

60311 Frankfurt am Main

Fon +49 69 9454858-1492

ir@branicks.com


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28.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Branicks Group AG
                   Neue Mainzer Straße 32-36
                   60311 Frankfurt am Main
                   Germany
   Phone:          +49 69 9454858-1492
   Fax:            +49 69 9454858-9399
   E-mail:         ir@branicks.com
   Internet:       www.branicks.com
   ISIN:           DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9
   WKN:            A1X3XX, A12T64, A2GSCV, A2NBZG
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate
                   Exchange; Luxembourg Stock Exchange
   EQS News ID:    1935111

End of News EQS News Service
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1935111 28.06.2024 CET/CEST