EQS-Adhoc

Branicks Group AG: Large majority in favour of extension of promissory note loans, extension of bridge financing also secured – change in the chairmanship of the Supervisory Board intended

EQS-Ad-hoc: Branicks Group AG / Key word(s): Restructure of Company/Agreement Branicks Group AG: Large majority in favour of extension of promissory note loans, extension of bridge financing also secured – change in the chairmanship of the Supervisory Board intended 26-March-2024 / 16:18 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

Branicks Group AG: Large majority in favour of extension of promissory note loans, extension of bridge financing also secured – change in the chairmanship of the Supervisory Board intended

Frankfurt, 26.03.2024 – As part of the judicial discussion and voting date pursuant to the Act on the Stabilisation and Restructuring Framework for Companies ("StaRUG"), the lenders of the promissory note loans (in the amount of EUR 225 million) of Branicks Group AG ("Company"), ISIN: DE000A1X3XX4, which will mature in 2024, voted in favour of the restructuring plan by 96% and accepted it today. The competent district court of Frankfurt am Main subsequently confirmed the restructuring plan in court. As a result, the aim pursued by the Management Board for a uniform extension of the relevant promissory note loans to June 30, 2025, could be achieved.

In addition, with the lenders of the bridge financing for the acquisition of the shares in VIB Vermögen AG completed in 2022 an immediate repayment in the amount of EUR 40 million and an extension of the term concerning the remaining EUR 160 million until 31 December 2024 with almost unchanged conditions were agreed.

Both agreements are based on the Company's corporate planning for the period up to the end of 2026, the plausibility of which has been confirmed by an independent business review by FTI-Andersch. This ensures a stable financing of the Company in the long term. On this basis, the Management Board will continue to pursue its strategy of generating value and increasing efficiency in the context of its operating business.

The Supervisory Board is expected to elect a new Chairman from among its members by mid-April 2024; the current Chairman of the Supervisory Board, Prof. Dr. Gerhard Schmidt, will continue to be a member of the Supervisory Board and will remain Chairman of the Supervisory Boards of VIB Vermögen AG and BBI Bürgerliches Brauhaus Immobilien AG.

IR Kontakt Branicks Group AG:
Jasmin Dentz
Neue Mainzer Strasse 32-36
D-60311 Frankfurt am Main
Phone [phone]
[e-mail]

End of Inside Information

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26-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Branicks Group AG
	Neue Mainzer Straße 32-36
	60311 Frankfurt am Main
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.branicks.com
ISIN:	DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9
WKN:	A1X3XX, A12T64, A2GSCV, A2NBZG
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID:	1867805

End of Announcement	EQS News Service

1867805  26-March-2024 CET/CEST