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

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