Novavest Real Estate: Successful merger between NOVAVEST Real Estate AG and SenioResidenz AG

Press release, June 17, 2024

Successful merger between NOVAVEST Real Estate AG and SenioResidenz AG

The merger between Novavest Real Estate AG (SIX Swiss Exchange: NREN) and SenioResidenz AG was successfully completed by its registration in the commercial register on Friday June 14, 2024. The new registered shares of Novavest Real Estate AG (“Novavest”) issued as part of the merger are traded for the first time today, June 17, 2024, on the SIX Swiss Exchange. The new merged company has a real estate portfolio with a market value of CHF 1.02 billion, with theoretical rental income of CHF 42.6 million and a residential share of theoretical rents of 59% (pro-forma 2023 basis).

On May 28 and 29, 2024, the extraordinary general meetings of SenioResidenz AG and Novavest Real Estate AG approved the merger and the merger agreement by a large majority, and approved all proposals of the respective boards of directors.

As part of the merger, 2,325,479 new Novavest registered shares with a nominal value of CHF 22.75 each were issued through the ordinary capital increase and listed on today’s date. The commercial register and the company’s statutes already reflect these new registered shares resulting from the ordinary capital increase, so that the number of registered shares registered in the commercial register amounts to 10,036,913 as of June 14, 2024 .

It is also necessary to issue 134,002 Novavest registered shares with a nominal value of CHF 22.75 each, created from the conditional capital of Novavest and necessary for the conversion of the 3.50% SenioResidenz 2024 compulsory conversion loan taken over as part of the merger by absorption. These registered shares are already formally listed on the SIX Swiss Exchange and the execution by exchange to the former bond holders will take place today, June 17, 2024. The corresponding entry in the commercial register of these registered shares from the conditional capital is scheduled for August 2024.

Zurich Kantonal Bank supported the transaction as Financial Advisor. The prospectus in connection with the merger and the newly issued registered shares was published today and can be obtained free of charge from Zurich Kantonal Bank, IHKT, PO Box, 8010 Zurich (e-mail:[email protected]), stating the full address and domicile.

On the date of execution of the merger, the board of directors of Novavest is now composed as follows: Thomas Sojak (chairman), Stefan Hiestand (member of the audit committee), Daniel Ménard (member of the remuneration committee) , Floriana Scarlato (member of the audit committee), Dr. Claudia Suter (member of the remuneration committee). The management consists of Peter Mettler (CEO) and Patrick Hauser (CFO).

Contact

Peter Mettler

CEO NOVAVEST Real Estate AG

Feldeggstrasse 26

8008 Zurich

+41 (0)44 276 40 40 [email protected]www.novavest.ch

NOVAVEST Real Estate AG

www.novavest.ch

NOVAVEST Real Estate AG is a Swiss real estate company headquartered in Zurich. It focuses its activities on the management and development of buildings for purely residential use (rental housing) and housing for seniors and the elderly (residences for seniors and health establishments), as well as on buildings for offices and commerce, and on construction projects in all these segments. The share of rental income coming from residential use strategically represents at least 50% of the total theoretical rental income. The real estate portfolio includes properties throughout Switzerland which, with regard to pure residential properties, are located in cities or towns and/or are well served by public transport and individual motorized transport. In the area of ​​residences for the elderly and healthcare establishments, properties can be located in both urban and rural regions of Switzerland. The company’s registered shares are listed on the SIX Swiss Exchange (ticker symbol NREN, security number 21218624, ISIN CH0212186248).

Disclaimer

This press release contains forward-looking statements that are based on NOVAVEST Real Estate AG’s current beliefs and assumptions as of the date of this press release and are subject to known and unknown risks and uncertainties. Actual results and events may differ materially from the results and events expressed or implied by these forward-looking statements. These deviations may be the result of changes in a wide variety of circumstances and factors, including, but not limited to, the following circumstances and factors: (i) general economic developments, (ii) developments in real estate markets, (iii) ) developments in financial markets and variations in interest rates, and (iv) legislative changes and other changes of a legal nature. Accordingly, we caution you regarding the reliance on forward-looking statements. NOVAVEST Real Estate AG undertakes no obligation to update the forward-looking information and statements contained in this press release.

This press release does not constitute an advertisement, offer, recommendation or invitation to buy or sell shares of NOVAVEST Real Estate AG in any jurisdiction. It is communicated solely for information purposes and does not constitute a prospectus within the meaning of art. 35 ff of the Federal Financial Services Act (FinSA) or the laws of other jurisdictions.