Credit Suisse : Details on the issue of the Credit Suisse Real Estate Fund LogisticsPlus

Media release

Ad hoc announcement pursuant to Art. 53 LR

Details on the issue of the Credit Suisse Real Estate Fund LogisticsPlus

Zurich, August 17, 2022 - The real estate fund Credit Suisse Real Estate Fund LogisticsPlus (security number 24 563 395) will carry out a capital increase in the maximum amount of CHF 108 million from August 29, 2022, to September 9, 2022, 12:00 CET. One subscription right will be allocated to each existing unit. Seven subscription rights entitle the holder to subscribe to one new unit. A maximum of 1,000,000 new units will be issued. The issue price per unit is CHF 108.00 net with a net asset value of CHF 105.60 per unit.

The capital increase for the Credit Suisse Real Estate Fund LogisticsPlus (CS REF LogisticsPlus) envisaged in the media release of June 7, 2022, will be implemented. In view of the issue, independent valuation experts have re-valued the fund's real estate portfolio with respect to the time of payment. Changes in value from ongoing construction projects and renovations as well as acquisitions and sales of properties were taken into account. Together with the current yield, this results in a new net asset value of CHF 105.60 per unit as of September 16, 2022. The issue price is CHF 108.00 net per new unit and includes an issue commission of 2.5%.

The issue will be carried out on a commission basis ("best-effort basis") within the framework of a public rights offering in Switzerland. One subscription right will be allocated to each existing unit. Seven subscription rights entitle the holder to subscribe to one new unit at the issue price of CHF 108.00 net. Official subscription rights trading will take place on the SIX Swiss Exchange from August 29 to September 7, 2022. A maximum of 1,000,000 new units will be issued. Unsubscribed units might not be issued, which could change the issue amount. On September 14, 2022, the effective number of new units to be issued will be announced and the payment will take place on September 16, 2022. The proceeds of the issue will be used for the further expansion and diversification of the existing real estate portfolio.

The CS REF LogisticsPlus is the first Swiss real estate fund to invest specifically in logistics and logistics-related real estate in Switzerland. Its investment objective mainly involves the long-term creation and preservation of asset value and the distribution of appropriate returns. The circle of investors is not restricted.

Issue at a glance

	Issue volume	Maximum CHF 108 mn
	Subscription period	From August 29 to September 9, 2022, 12:00 noon (CET)
	Issue price per unit	CHF 108.00 net
	Subscription ratio	Seven (7) subscription rights entitle holder to subscribe to one (1) new unit
	Trading of subscription rights	From August 29 to September 7, 2022, on the SIX Swiss Exchange
	Payment	September 16, 2022
	Circle of investors	The circle of investors is not restricted
	Security number /ISIN / ticker (unit)	24 563 395 / CH024 563 395 0 / CSLOG
	Security number /ISIN / ticker (subscription right)1	120 305 319 / CH120 305 319 9 / CSLOG1
	Type of issue	The issue will be made on a commission basis ("best-effort basis") within the
		framework of a public rights offering in Switzerland
	Use	The proceeds of the issue will be used for the further expansion and diversification
		of the existing real estate portfolio
	Fund management	Credit Suisse Asset Management (Switzerland) Ltd., Zurich
	Fund management company	Credit Suisse Funds AG, Zurich
	Depositary bank	Credit Suisse (Switzerland) Ltd., Zurich
	Subscription	At all branches of Credit Suisse (Switzerland) Ltd. in Switzerland
	1 Valid as of August 29, 2022.
Page 1	August 17, 2022

Media release

Ad hoc announcement pursuant to Art. 53 LR

Further information

• Issue prospectus dated August 18, 2022: credit-suisse.com/logisticsplus/issue
• Current annual and semi-annual reports: amfunds.credit-suisse.com

Contacts

Contact for media:

Media Relations Credit Suisse AG, [phone], [e-mail]

Contact for investors:

Ulrich Braun, Head of Product and Business Development, Credit Suisse Asset Management (Switzerland) Ltd., [phone], [e-mail]

Credit Suisse Asset Management (Switzerland) Ltd.

Credit Suisse Asset Management (Switzerland) Ltd. forms part of the Asset Management division of Credit Suisse Group. Asset Management manages assets of over CHF 427.0 billion worldwide (as of June 30, 2022). Based on the global market presence of Credit Suisse Group, Asset Management offers active and passive solutions for traditional and alternative investments as well as dedicated product expertise in Switzerland, EMEA, APAC, and the Americas. Sustainability is a high priority. We offer a wide selection of active and passive investment funds that are aligned with the Credit Suisse Sustainable Investment Framework or replicate a sustainable index. With that in mind, we have different approaches where environmental, social, and governance criteria (ESG criteria) are used at various points in the investment process.

Disclaimer

This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

If nothing is indicated to the contrary, all figures are unaudited. The information provided herein is for the exclusive use of the recipient. Neither this information nor any copy thereof may be sent, taken into or distributed in the United States or to any U. S. person (within the meaning of Regulation S under the US Securities Act of 1933, as amended).

The tax treatment depends on the individual circumstances of each client and may vary over time. Credit Suisse does not provide tax advice, and tax implications have not been taken into consideration when calculating the returns.

The Credit Suisse Real Estate Fund LogisticsPlus is an investment fund established under Swiss law in the category of "real estate funds," in accordance with the Swiss Federal Act of June 23, 2006, on Collective Investment Schemes (CISA). The fund management company is Credit Suisse Funds AG, Zurich. Credit Suisse (Switzerland) Ltd., Zurich, is the custodian bank. Subscriptions are only valid on the basis of the current sales prospectus with integrated fund contract, simplified prospectus, and most recent annual report (or semi-annual report if more recent). The sales prospectus with integrated fund contract, the simplified prospectus, and the annual and semiannual reports may be obtained free of charge from the fund management company or from any branch of Credit Suisse (Switzerland) Ltd. in Switzerland.

The key risks of real estate investments include limited liquidity in the real estate market, changing mortgage interest rates, subjective valuation of real estate, inherent risks with respect to the construction of buildings, and environmental risks (e.g. land contamination).

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