Swiss Prime Site

acquisition of the real estate division of Fundamenta Group

Swiss Prime Site AG / Key word(s): Mergers & Acquisitions/Real Estate Swiss Prime Site: acquisition of the real estate division of Fundamenta Group 14-March-2024 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad Hoc announcement pursuant to article 53 LR

PRESS RELEASE

Zug, 14. March 2024

• Acquisition of the real estate asset management companies of Fundamenta with assets under management (AuM) of CHF 4.2 billion
• Fundamenta to be integrated into the Asset Management division Swiss Prime Site Solutions («SPSS»)
• Creating Switzerland’s largest independent real estate asset manager by a distance, with total AuM of CHF 13 billion
• Fundamenta will bring a considerable investor base of 2 000 institutional and private real estate investors
• SPSS’s existing product portfolio will be expanded with the listed vehicle Fundamenta Real Estate AG, as well as a Luxembourg SICAV fund and further investment products
• The transaction will be financed in cash (75%) and shares (25%)

Swiss Prime Site signed an agreement to acquire Fundamenta Group (Schweiz) AG and Fundamenta Group Deutschland AG (together «Fundamenta»). It has thereby significantly expanded its rapidly growing asset management division.

Fundamenta: a specialist real estate asset manager with a focus on residential

Fundamenta, founded in 2006 and based in Zug and Munich, is a leading independent asset manager with real estate assets under management of CHF 4.2 billion across various investment vehicles (listed real estate company, investment foundation, promotion vehicle, fund, SICAV and direct mandates). Fundamenta has around 2 000 investors and serves institutional clients (e.g. pension funds, banks and insurance companies) as well as high net worth private clients and family offices. CHF 3.3 billion is invested in Swiss real estate, with a residential proportion of 75% – 100%, depending on the vehicle. One of Fundamenta Group Switzerland’s main strengths lies in attractive «club deals», i.e. promotional collaborations with co-investors for residential developments. A further CHF 0.9 billion in AuM comprises core residential property in Germany, which is managed through an established organisational structure in Munich. Fundamenta generated income of more than CHF 24 million in 2023. The approximately 60 employees who work in Zug and Munich have many years of experience and expertise in the different markets and are all being retained by Swiss Prime Site.