ACCENTRO Real Estate AG announces extraordinary devaluation of properties
and preliminary business figures

EQS-Ad-hoc: Accentro Real Estate AG / Key word(s): Preliminary Results/Real
Estate
ACCENTRO Real Estate AG announces extraordinary devaluation of properties
and preliminary business figures

12-Apr-2024 / 15:54 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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ACCENTRO Real Estate AG announces extraordinary devaluation of properties
and preliminary business figures

Berlin, 12 April 2024 - ACCENTRO Real Estate AG (the "Company") will
undertake extraordinary and significant devaluations of the properties based
on independent valuation reports as part of the preparation of the
consolidated financial statements for the 2023 financial year. The
significant devaluations are not only a consequence of the distressed
situation on the real estate market with a considerably reduced transaction
volume, the high inflation rate and the ECB's interest rate policy, but also
the very conservative valuation approach used in the preparation and audit
of the consolidated financial statements.

The consolidated financial statements for the 2022 financial year contained
a forecast of consolidated revenues of EUR 100 to 120 million and
consolidated EBIT of EUR 0 to 2 million; on 29 August 2023 the Company
informed the market that a well-founded and reliable forecast regarding the
2023 financial year was not possible at that moment due to the ongoing
extremely tense market situation and the unpredictable business environment.
Among others, following the submission of the valuation reports on the
extraordinary and significant devaluation requirement in the scale of EUR 50
to 60 million the business figures for the 2023 financial year have now
become more substantiated to the extent that consolidated revenues for the
2023 financial year are expected to be in the high double-digit million
range and consolidated EBIT is expected to be in the high double-digit
negative million range. The Company will publish the final business figures
for the 2023 financial year in the form of the audited consolidated
financial statements.

Another result of the expected devaluation of the properties is a breach of
the limitation on net financial indebtedness as agreed on in the terms and
conditions of the 2020/2026 bond (ISIN DE000A254YS5 / WKN A254YS) and
2021/2029 bond (ISIN DE000A3H3D51 / WKN A3H3D5) ("terms and conditions") and
hence, regarding each bond, a right of termination in accordance with
further requirements of the terms and conditions. Therefore, the Management
Board of the Company will enter into negotiations with the bondholders in a
timely manner. To this end, the Company will commission an IDW-S 6 expert
opinion at the same time.

Notifying person:

Thomas Eisenlohr, Head of Investor Relations
Phone: +49 (0)30 887181272
eisenlohr@accentro.de

Berlin, 12 April 2024

The Management Board
ACCENTRO Real Estate AG
Kantstraße 44/45
D-10625 Berlin

ISIN: DE000A0KFKB3 / DE000A3H3D51 / DE000A254YS5

Stock exchange: Frankfurt Stock Exchange, regulated market (Prime Standard)
/ Luxembourg Stock Exchange


End of Inside Information

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12-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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   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:    1879731

End of Announcement EQS News Service
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1879731 12-Apr-2024 CET/CEST