DGAP-News

CPI PROPERTY GROUP holds its course set - steady growth, successful acquisitions and decreasing cost of capital - Seite 2

centre, shopping and entertainment areas as well as parking in
Crans-Montana. In addition to the 88.49% of shares in CMA Immobilier SA
acquired directly by the Group, CMA SA is holding additional 11.21%,
resulting in an aggregate stake of 99.7% in CMA Immobilier SA.

- The aggregate acquisition price is EUR 65 million, out of which EUR 44
million is paid by the Group notes. The transaction has been originated
and presented to the Group by Mr. Radovan Vítek, the major shareholder
of the Group, who is the transferor of the CMA portfolio. Approximately
29% of the shares and voting rights in CMA SA are held by local
communes and municipalities of the Crans-Montana region.

Zivnobanka sold to CEFC

- On 4 November 2015 the Group completed the disposal of the former
Zivnobanka building located at Na Prikope street in the centre of
Prague to CEFC China Energy Company Limited. The transaction was
comprised of the transfer of shares in the Zivnobanka building project
entity. Following the repayment of the project credit facility to the
financing bank the net proceeds for the Group amount to EUR 27 million.

Capital markets financing

EUR 500 million bonds issue on the Luxembourg market

- On 20 August 2015 the Company issued new notes in total value of EUR
170 million. The notes with EUR 100,000 nominal value are due in 2025
and carry a fixed coupon of 5%. The notes registered under ISIN code
XS1279550260 are governed by Luxembourg law. The notes have been
admitted to the official list of the Luxembourg Stock Exchange and to
trading on the Euro MTF market of the Luxembourg Stock Exchange.

- On 5 November 2015 the Company issued additional EUR 330 million notes.
The notes with EUR 100,000 nominal value are due in 2025 and carry a
fixed coupon of 5%. The notes registered under ISIN code XS1319594864
are expected to form a single series with the notes mentioned above and
registered under ISIN code XS1279550260 as of 15 December 2015.

EUR 50 million bonds issue on the Czech Market

- On 24 August 2015 the Group issued new bonds in total value of app. EUR
50 million. The bonds with CZK 10,000 nominal value are due in 2019 and
carry a fixed coupon of 4.75%. The fixed coupon is payable on quarterly
basis. The bonds registered under ISIN code CZ0003512782 are governed
by Czech law. The bonds CPI 4.75/19 have been admitted to trading on
the Prague Stock Exchange.

Refinancing for Hospitality Invest

- In July 2015 the Group obtained a 5-year refinancing for its boutique
hotels portfolio located in the Czech Republic, Slovakia, Poland,
Hungary and Russia, held under the Hospitality Invest S.a.r.l.
subholding. The Group now achieved the long-term EUR 58 million