Aroundtown announces successful result of the voluntary Exchange Offer for GCP shares, increasing its holding in GCP to 81.5%

Aroundtown SA (IRSH) Aroundtown announces successful result of the voluntary Exchange Offer for GCP shares, increasing its holding in GCP to 81.5% 14-Apr-2026 / 13:04 CET/CEST The issuer is solely responsible for the content of this announcement. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS AROUNDTOWN ANNOUNCES SUCCESSFUL RESULT OF THE VOLUNTARY EXCHANGE OFFER FOR GCP SHARES, INCREASING ITS HOLDING IN GCP TO 81.5%

14 April 2026.

Aroundtown (“the Company” or “AT”) announces the successful result of the voluntary exchange offer (the “Offer”) for shares in Grand City Properties S.A. (“GCP”), launched on 4March 2026. Aroundtown’s ownership in GCP will increase to 81.5% upon settlement, compared to 62.5% ownership held prior to the Offer. The increased holding rate further strengthens Aroundtown’s position as a diversified European real estate platform with exposure to both commercial and residential assets. Aroundtown has successfully increased its stake in GCP and benefits from an expanded equity free float, supporting improved trading liquidity and the group’s long term capital markets profile.

Aroundtown will exchange 133,437,304 Aroundtown shares for the 33,359,326 shares of GCP which have been tendered, which is approx. 19% of GCP’s total share count. All the shares delivered under the exchange offer will be eligible to receive the dividend for the 2025 financial year, which the Company intends to propose for the 2026 AGM.

As a result of the accretive transaction, the Company expects a strong FFO I increase of €35 million on an annualized basis. The Company’s FFO I guidance for 2026, including the partial impact of the transaction in 2026, increases to a range of €275 million to €305 million. On a per share basis, the transaction is neutral on day one and therefore the 2026 guidance remains in the range of €0.24 to €0.27. The transaction is expected to be per share accretive in the mid-term and drive growth on a per share basis.