Peach Property Group resolves capital increase; Kreissparkasse Biberach becomes new anchor investor with 7.8% shares Dienstag, 04. April 2017 - 08:01

Peach Property Group AG / Key word(s): Capital Increase
Peach Property Group resolves capital increase; Kreissparkasse Biberach
becomes new anchor investor with 7.8% shares

04-Apr-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR

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Press release

Peach Property Group resolves capital increase; Kreissparkasse Biberach
becomes new anchor investor with 7.8% shares

- 422,554 new registered shares issued from authorised capital

- Kreissparkasse Biberach becomes Peach Property Group AG's second largest
shareholder with 7.8%

- Peach Property Group AG's free float remains at a high 70%

- Proceeds will be used to finance acquisitions in residential real estate
in Germany

- First day of trading of new shares - 7 April 2017

Zurich, 4 April 2017 - Peach Property Group AG has resolved to perform a
capital increase to reinforce its institutional investor base and to finance
the further expansion of the Group. 422,554 new registered shares of Peach
Property Group AG will be issued from the authorised capital, each with a
nominal value of CHF 1.00, while excluding shareholders' subscription
rights, as part of a private placement. The issue price corresponds to the
volume-weighted average of Peach Property Group AG's share price in the past
60 trading days.

All of the 422,554 new registered shares have been subscribed by
Kreissparkasse Biberach. The gross proceeds from the issue totals CHF 6.9
million. Peach Property Group AG's General Meeting in May 2015 resolved to
create authorised capital in the amount of 2,000,000 shares. The company is
planning to issue these shares from this authorised capital; the other
shares from the authorised capital will expire on 8 May 2017. The funds from
the capital increase are to be used to further expand the portfolio of
residential properties, focusing on B-locations in Germany. The Group was
able to increase its portfolio of residential properties by more than one
third to 4,243 units at the start of March 2017, thus increasing its
annualized target rental income to CHF around 22 million.

Kreissparkasse Biberach will acquire an interest of 7.8% in Peach Property
Group AG and thus become the company's second largest shareholder after its
CEO Dr. Thomas Wolfensberger. Kreissparkasse Biberach plans to hold a
long-term interest in Peach Property Group AG as part of its investment
strategy.

This placement increases Peach Property Group AG's share capital from CHF
4,991,923 to CHF 5,414,477. This corresponds to an increase in the previous
share capital of around 8.5%. The first day of trading of new shares on SIX
Swiss Exchange is 7 April 2017.

Dr. Thomas Wolfsberger, Peach Property Group's CEO, commented: "Acquiring
Kreissparkasse Biberach as an anchor investor is a key milestone for our
company, and we are very proud of this. This investment anchors our company
even more strongly in the institutional investor segment, and highlights our
profile as a residential property owner. We will use the funds accruing to
our company from this transaction to acquire residential properties in
Germany and to thus accelerate our further growth."

Contacts:

Media, investors and analysts

Dr. Thomas Wolfensberger, Chief Executive Officer and Dr. Marcel Kucher,
Chief Financial Officer

+41 44 485 50 00 | investors@peachproperty.com


Media Germany

edicto GmbH, Axel Mühlhaus, Peggy Kropmanns

+49 (0) 69 90 55 05 52 | amuehlhaus@edicto.de

About Peach Property Group AG

Peach Property Group is a property investor and developer focused on
investments in Germany and Switzerland. The Group stands for long time
experience, competence and quality. Innovative solutions for modern housing
needs, strong partnerships and a wide value chain complete the profile of
the Group. The portfolio consists of an increasing number of high yield
investment properties, typically in B-cities in close reach to metropolitan
areas. In addition, the Group develops properties for its own portfolio or
for the sale as condominium. Developments for sale focus on A-locations and
encompass attractive architecture and high level furnishing for an
international clientele. The business activities of the Group cover the
entire value chain, from property acquisition and site selection to active
asset management and finally to the sale or lease of properties.

Peach Property Group AG is headquartered in Zurich and has its German Group
headquarters in Cologne. Peach Property Group AG is listed on the SIX Swiss
Exchange (PEAN, ISIN CH0118530366). Its Board of Directors consists of Reto
Garzetti (President), Peter Bodmer and Dr. Christian De Prati.

For more information, see www.peachproperty.com


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End of ad hoc announcement

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