DGAP-News

Primecity Investment Plc: announces 2014 figures, showing a strong operational and financial performance - Seite 2

abilities and conservative valuation stance. EPRA NAV rose in 2014 to
EUR362 million, reflecting an increase of 251%.

Successful capital market access supported by conservative financing
structure
The Company's growth and strong financial positon led to a successful
listing on the Euronext Paris Stock Exchange in November 2014. To fund its
portfolio growth Primecity issued convertible bonds at EUR100 million in
principal amount at the end of 2014, with a EUR50 million tap up in
February 2015. This proven access to capital markets underlines PCI's
ability to maintain its strong growth momentum. Throughout the exponential
portfolio growth PCI maintained a conservative capital structure with an
LTV of 40% (18% assuming conversion of the convertible bond) and an
Interest Coverage Ratio of 4.2.

The full 2014 annual report is available on the Company's website:

http://www.prime-city.com/downloads.html

About Primecity Investment

The Company (ISIN: CY0104972217) is a public limited liability company
incorporated under the laws of Cyprus, having its registered office at
Faros Avenue, Spyros Thalassines Alkyonides - Pervolia 7560, Larnaca,
Cyprus and being registered with the registrar of companies in Cyprus under
number HE 151151.

The Company is a specialist hotel investment company focused on investing
in and repositioning mismanaged Hotel portfolios primarily in Germany. The
hotel properties are located in key locations which enjoy high tourism,
business and exhibitions, such as Berlin, Hamburg, Bremen, Frankfurt,
Dresden, Düsseldorf, Baden-Baden and Leipzig. For more information please
refer to the Company's website www.prime-city.com.

Contact:

Christian Hupfer (CFO)
Primecity Investment Plc
Faros Avenue
Spyros Thalassines Alkyonides
Pervolia 7560, Larnaca - CYPRUS
www.prime-city.com



Disclaimer:

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION
OF AN OFFER TO BUY ANY SECURITIES.

THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT
BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED
(THE "SECURITIES ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES
ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES
ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED
STATES.

THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE
UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS