DGAP-News

GSG GROUP S.A.: Combination of GSG GROUP with CPI creating a new major real estate listed player in Central Europe with an EPRA NAV of EUR 1.7 billion and a total balance sheet of EUR 4.1 billion

DGAP-News: GSG GROUP S.A. / Key word(s): Half Year Results
GSG GROUP S.A.: Combination of GSG GROUP with CPI creating a new major
real estate listed player in Central Europe with an EPRA NAV of EUR
1.7 billion and a total balance sheet of EUR 4.1 billion

27.08.2014 / 18:10

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Financial information as at 30 June 2014
Luxembourg, 27 August 2014

Combination of GSG GROUP with CPI creating a new major real estate listed
player in Central Europe with an EPRA NAV of EUR 1.7 billion and a total
balance sheet of EUR 4.1 billion

Corporate highlights

- Capital increases: On 29 November 2013, the Board of Directors of GSG
GROUP (at that time ORCO Germany S.A., hereinafter as the "Company" and
together with its subsidiaries as the "Group") resolved to raise up to
EUR 100 million pursuant to the authorization granted to it by its
shareholders during the extraordinary general meeting of 26 April 2012.
On 3 March 2014, the Board of Directors further resolved to increase
its capital raising goal from EUR 100 million to EUR 126 million.
Between December 2013 and April 2014 the Company raised EUR 105.3
million in three capital increases subscribed for in cash by some large
shareholders of ORCO PROPERTY GROUP ("OPG") or their respective
affiliates, namely Alchemy Special Opportunities Fund II LP, Société
Générale, Stationway Properties Limited, an entity affiliated with Mr.
Jean-Francois Ott and Tandis, a.s., an affiliated to Mr. Radovan Vítek.
The subscription price was EUR 0.47 per share in each case.

- Acquisition of control over the Company and mandatory takeover offer:
On 12 June 2014 Mr. Vítek (through his 100% owned entity Materali,
a.s.) purchased the Company shares from Gamala and third parties
(Aspley Ventures, Kamoro, and Stationway Properties Limited). As a
result of these purchases Mr. Vítek increased his shareholding in the
Company from 25.30 % to 71.29 %. Mandatory public takeover offer: On 24
July 2014 Materali, a.s. notified the Company about publication of a
mandatory public takeover offer ("Mandatory Offer") to the shareholders
of the Company. The Mandatory Offer concerns the acquisition of the
Company shares at the price of EUR 0.53 per share. The acceptance
period for the Mandatory Offer is from 24 July 2014 to 21 August 2014.
At the time of the publication of the Mandatory Offer Mr. Vítek