Peach Property Group with full placement of its hybrid convertible bond in the amount of CHF 59 million Montag, 02. Oktober 2017 - 08:01

Peach Property Group AG / Key word(s): Bond
Peach Property Group with full placement of its hybrid convertible bond in
the amount of CHF 59 million

02-Oct-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Press release

Peach Property Group with full placement of its hybrid convertible bond in
the amount of CHF 59 million

- Recently topped-up hybrid convertible bond fully subscribed at the end of
the subscription period due to strong demand

- Proceeds to be used for further portfolio expansion and repayment of
liabilities

- Further acquisitions being prepared

Zurich, 2 October 2017 - Peach Property Group, an investor specialising in
the management of residential property in Germany, has fully placed its
hybrid convertible bond (ISIN 38195225/CH0381952255) at the end of the
shareholders' pre-subscription period (noon CET, 29 September 2017) with a
volume of CHF 59 million. Both existing shareholders and other investors
have shown great interest in subscribing for the bond, with the result that
Peach Property Group topped up the target volume of the convertible bond
from CHF 25 million to CHF 59 million during the subscription period.

The listing on the SIX Swiss Exchange has been submitted and provisional
admission is intended for 4 October 2017. Peach Property Group will use the
proceeds from the hybrid convertible bond to further expand its portfolio in
line with the corporate strategy. The funds will also be applied towards
repaying existing liabilities.

The hybrid convertible bond has an indefinite term and may be terminated by
Peach Property Group AG no earlier than as of 30 September 2022. Until this
date, the interest coupon is 3.00 percent per annum; after that, the annual
interest rate will be equivalent to the 3-month LIBOR rate plus 9.25
percent. The hybrid convertible bond can be converted into registered shares
of Peach Property Group AG (ISIN 11853036/CH0118530366) at a conversion
price of CHF 29.50 at any time between 16 October 2017 and 30 December 2020.

Dr. Thomas Wolfensberger, CEO of Peach Property Group, comments: "The full
placement of our hybrid convertible bond shows that our business model and
the chosen form of financing measure touch the nerve of the investors. With
this measure together with the Konsortialkredit announced in July, we will
receive additional funds of up to approximately CHF 125 million. These
proceeds enable us to drive the expansion of the portfolio even more
consistently and to respond more quickly to opportunities of the market. We
are already known as an extremely reliable partner in transactions and with
the additional funds we are building on these basic values in order to
expand our portfolio rapidly in line with the corporate strategy."

Contacts:

Media, investors and analysts

Dr. Thomas Wolfensberger, Chief Executive Officer und 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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