EQS-News: Aroundtown SA

/ Key word(s): Tender Offer/Financing

Aroundtown (“the Company” or “AT”), announces the successful results of its voluntary exchange and tender offers for the GBP 400 million perpetual notes (ISIN: XS2017788592) and the USD 700 million perpetual notes (ISIN: XS1634523754), (the “Offer”). An average of 90% of the existing perpetual notes were submitted into the Offer and accepted by the Company. As a result, AT will issue USD 494 million and GBP 345 million of new perpetual notes across two different series and simultaneously repurchase USD 60 million and GBP 35 million of perpetual notes via the tender offer (see detailed breakdown below). Together with the previous transactions for the euro denominated perpetual notes, AT together with Grand City Properties S.A. (“GCP”, together with AT the “Group”) offered an exchange for all perpetual notes which haven’t been called in 2023 and 2024 and for the ones with call dates approaching in the next 12 months. A combined amount of 79% or ca. €2.8 billion aggregate nominal amounts of existing perpetual notes were submitted across all offers and accepted by the Group. As a result, the Group issued ca. €2.5 billion of new perpetual notes across 5 different series and simultaneously repurchased over €230 million of perpetual notes via the tender offers, following the final closing of the Offer (Euro amounts of foreign currency perpetuals are based on current FX rates). The result of the offers supports the Group’s credit metrics under S&P’s credit rating methodology as the new perpetual notes regain or extend the 50% equity content under S&P methodology. Under IFRS and for all bond covenants, all perpetual notes, including the existing perpetual notes which were not submitted in the offers, will continue to be recognised as 100% equity. As a result of the offers, the Group will see a long-term reduction in perpetual note coupon payments going forward, which is accretive to the Group’s FFO. Aroundtown SA (symbol: AT1), trading on the Prime Standard of the Frankfurt Stock Exchange, is the largest listed and highest rated (BBB+ by S&P) German commercial real estate company. Aroundtown invests in income generating quality properties with value-add potential in central locations in top tier European cities mainly in Germany/NL. Aroundtown SA (ISIN: LU1673108939) is a public limited liability company (société anonyme) established under the laws of the Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés, Luxembourg) under number B217868, having its registered office at 37, Boulevard Joseph II, L-1840 Luxembourg, Grand Duchy of Luxembourg. Timothy Wright THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA ( THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF AROUNDTOWN SA. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A NUMBER OF FACTORS. 01.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG. Language: English Company: Aroundtown SA 37, Boulevard Joseph II L-1840 Luxembourg Luxemburg Phone: +352 288 313 E-mail: [email protected] Internet: http://www.aroundtown.de ISIN: LU1673108939, LU1673108939, XS2114459550, XS1508392625, XS1634523754, XS1752984440, XS2017788592, XS2027946610, XS2055106210, XS2287744721, XS1586386739, XS1639847760, XS1649193403, XS1700429308, XS1715306012, XS1753814141, CH0398677689, XS1761721262, XS1815135352, AU3CB0252955, CA04269KAA12, XS1879567144, XS1877353786, XS1901137106, XS1905592546, CH0460054437, XS1961042915, XS1964701822, XS1966277748, XS1980255779, XS1999746370, XS2023872174, XS2023873149, XS2198981263, XS1843435501, XS2273810510, XS2421195848, WKN: A2DW8Z, A1Z07A, A18V71, A180VY, A1839S, A1899S, A19LQR, A19QUX, A19Q3W, A19VK9, A19Z76, A19U7Q Indices: MDAX, FTSE EPRA/NAREIT, GPR 250 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Dublin, Luxembourg Stock Exchange, SIX EQS News ID: 1893581 End of News EQS News Service 1893581 01.05.2024 CET/CEST

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