Mobimo and Immobiliengesellschaft Fadmatt AG agree on a friendly takeover Montag, 18. Juni 2018 - 07:02

Mobimo Holding AG / Key word(s): Offer
Mobimo and Immobiliengesellschaft Fadmatt AG agree on a friendly takeover

18-Jun-2018 / 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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Mobimo and Immobiliengesellschaft Fadmatt AG agree on a friendly takeover

- Mobimo Holding AG has reached an agreement with the Board of Directors of
the Zurich-based Immobiliengesellschaft Fadmatt AG about an amicable
takeover.

- Mobimo submitted an offer of CHF 28,000 per share to the Fadmatt
shareholders.

- At least half of the acquisition price of CHF 183 million will be paid in
the form of newly created registered shares from the authorised capital of
Mobimo.

- The offer will be concluded if at least 67% of the Fadmatt shares are
tendered. The offer has already been accepted by slightly more than 50% of
the Fadmatt shares.

- The real estate portfolio of Fadmatt AG is valued at approx. CHF 289
million and generates rental income of over CHF 10 million p.a.


Lucerne, 18 June 2018 - Mobimo Holding AG ("Mobimo") has signed a
transaction agreement with Immobiliengesellschaft Fadmatt AG ("Fadmatt") and
has submitted an offer to the company's shareholders to acquire all of the
Fadmatt shares. A number of shareholders who collectively hold slightly more
than 50% of the share capital have already agreed to accept the offer.

Fadmatt was founded in 1861 with the aim of creating low-cost workers'
apartments in Zurich. Today, the company owns 503 apartments spread over
seven locations in the cantons of Zurich and Schaffhausen. The developments
are externally managed, while the five-person Board of Directors is
responsible for managing the company. Following extensive renovations and
the construction of new buildings in recent years, the portfolio as a whole
is in good health. The portfolio generates a rental income of over CHF 10
million p.a.

Mobimo communicated its interest in an acquisition already in January 2018.
After a structured sales process, the Board of Directors of Fadmatt has now
decided to support Mobimo's increased offer. Assuming that the offer will be
concluded, Mobimo will integrate the properties into its own portfolio and
take over the management of the properties.

A number of conditions have to be fulfilled in order to conclude the offer,
including the tender of at least 67% of the share capital of Fadmatt. At
least half of the acquisition price will be paid with shares from Mobimo's
authorised capital. The newly created Mobimo shares will be entitled to a
full dividend for the financial year 2018. In order to determine the
exchange ratio, the Mobimo share was assigned a fixed value of CHF 244.04
based on the volume-weighted 30-day average price from 30 April to 13 June
2018. This price has already been adjusted for the distribution of CHF 10.00
per Mobimo share to the Mobimo shareholders, taking place on 20 June 2018
(ex-date).

Further information on the portfolio of Immobiliengesellschaft Fadmatt AG
can be found in the presentation at www.mobimo.ch


If you have any questions, please contact:

Mobimo Holding AG

Dr. Christoph Caviezel, CEO
+41 44 397 15 55 or +41 79 604 18 01

Manuel Itten, CFO
+41 44 397 11 97 or +41 76 572 04 41

ir@mobimo.ch
www.mobimo.ch


About Mobimo:

Mobimo Holding AG was established in Lucerne in 1999 and has been listed on
the SIX Swiss Exchange since 2005. With a real estate portfolio with a total
value of CHF 2.8 billion, the Group is one of the leading real estate
companies in Switzerland. The portfolio comprises investment and development
properties in first-class locations in German-speaking Switzerland and
French-speaking Switzerland. Mobimo generates stable rental income with its
residential and commercial properties, while its development expertise and
full pipeline allows it to create value enhancement potential in its own
portfolio and for third parties. The investment volume of development
properties for its own portfolio totals around CHF 0.8 billion. Mobimo has a
stable business model, pursues a sustainable strategy and provides its
shareholders with an attractive return.


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End of ad hoc announcement

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