Adler Group S.A. announces the completion of the comprehensive
recapitalisation

EQS-News: Adler Group S.A. / Key word(s): Capital Reorganisation
Adler Group S.A. announces the completion of the comprehensive
recapitalisation

19.09.2024 / 17:09 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Adler Group S.A. announces the completion of the comprehensive
recapitalisation

* Extension of maturities for orderly disposal of assets

  * Equity stabilised through conversion of most of the 2L Notes into
    Perpetual Notes

  * Additional liquidity provided in the form of new money and ability to
    retain disposal proceeds

Luxembourg, 19 September 2024 - Adler Group S.A. ("Adler Group") announces
the completion of the comprehensive recapitalisation that it had informed
about on 24 May 2024. The recapitalisation was implemented through the
conversion of certain of the existing 2L notes into subordinated perpetual
notes which are classified as equity under IFRS, thereby strengthening Adler
Group's book equity by approximately EUR2.3bn and stabilising its balance
sheet. In connection therewith, certain of the Group's existing debt
maturities were extended to December 2028, December 2029, and January 2030.
Furthermore, Adler Group was provided with additional liquidity in the
amount of approximately EUR87m through an increase of the existing 1L new
money facility and also the ability to hold back disposal proceeds of up to
EUR250m realised from April 2024.

"This recapitalisation provides Adler Group with financial stability
allowing it to execute its strategy in the interest of all of its
stakeholders. We as the Board would like to thank our Senior Management, its
teams and advisers and everyone who has contributed to that great
achievement", comments Stefan Brendgen, Chairman of the Board of Directors
of Adler Group.

Thierry Beaudemoulin, member of the Board of Directors and CEO of Adler
Group, comments as follows: "The completed recapitalisation follows our
intensive business review considering the adverse market conditions that
have persisted longer than anticipated and provides us with an extended path
to execute our strategy."

Following the completion of the comprehensive recapitalisation, Adler Group
expects to publish its audited annual reports for 2022 and 2023 on 30
September 2024.

Contact

Investor Relations:
T +352 203 342 10
investorrelations@adler-group.com


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19.09.2024 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:        Adler Group S.A.
                   55 Allée Scheffer
                   2520 Luxembourg
                   Luxemburg
   Phone:          +352 278 456 710
   Fax:            +352 203 015 00
   E-mail:         investorrelations@adler-group.com
   Internet:       www.adler-group.com
   ISIN:           LU1250154413
   WKN:            A14U78
   Indices:        FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT
                   Developed Europe Index, FTSE EPRA/NAREIT Germany Index
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate
                   Exchange; London, Luxembourg Stock Exchange
   EQS News ID:    1991599

End of News EQS News Service
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1991599 19.09.2024 CET/CEST