DGAP-Adhoc

Grand City Properties S.A. announces capital increase - Seite 2

The Company has agreed with the accompanying investment bank to abstain from issuing any new shares within a period of three months.

Edolaxia Group, a fully owned subsidiary of Aroundtown Property Holdings PLC, intends to subscribe for New Shares at least pro rata to its current shareholding in the Company.

The Board of Directors will specify the number of shares to be placed by separate resolution.

The Company intends to use the net proceeds from the capital increase primarily to fund the Company's growth strategy.

About the Company:

Grand City Properties is a specialist in residential real estate, value-add opportunities in densely populated areas in Germany. The Company's strategy is to improve its properties through targeted modernization and intensive tenant management, and then create value by subsequently raising occupancy and rental levels. Further information: www.grandcityproperties.com

Grand City Properties (ISIN: LU0775917882) is a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office at 24, Avenue Victor Hugo, L 1750 Luxembourg and being registered with the Luxembourg trade and companies register (Registre de Commerce et des Sociétés Luxembourg) under number B 165 560. The shares of Grand City Properties are listed on the Prime Standard segment of Frankfurt Stock Exchange.

Contact:

Grand City Properties S.A. 24, Avenue Victor Hugo

L-1750 Luxemburg

T: [phone]

E: [e-mail]

www.grandcityproperties.com

Press Contact:

Katrin Petersen

Grand City Properties S.A.

T: [phone]

E: [e-mail]

 

Disclaimer:

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