30(th) April 2021, Road Town, Tortola, BVI 
 
   EPH European Property Holdings Ltd ("EPH") today announces audited 2020 
year end results of the Group. 
 
   BUSINESS HIGHLIGHTS 
 
 
   -- EPH acquired further first-class properties in premium locations and 
      added a new asset class to EPH' portfolio: 
 
 
   -         In April 2020, EPH purchased an 89.9 percent stake of the 
hotel property STRAL 3 in Berlin-Friedrichshain leased to NH Group Group 
 
   -         In June 2020, EPH acquired 100% of the office property LASS 1 
in Vienna which is undergoing full refurbishment until mid 2022 
 
   -         In July 2020, EPH acquired 100% of the hotel property SALZ 4 
in Dresden's historic city centre leased to Melia Hotels International 
 
   -         In December 2020, EPH successfully closed the acquisition of 
office properties QBC 1 & QBC 2 in Quartier Belvedere in Vienna together 
with the parking garage QBC 7 
 
 
   -- EPH successfully raised additional equity capital of US$ 163 million via 
      a share capital increase on the stock exchange 
 
 
   -- Continuous sale of apartments and entire sale of office properties at the 
      Arbat premises developed by the Group 
 
 
   -- Due to the low share of hotel and retail tenants in our portfolio 
      together with the high quality of our assets in core city or business 
      centre locations which are still demanded and with a majority of 
      financially strong tenants, the COVID-19 pandemic did not have a 
      significant impact on EPH's operating results and cash flows in the 
      financial year 2020. 
 
 
   FINANCIAL HIGHLIGHTS 
 
 
   -- NAV of US$ 36.69 per share -- decreased from US$ 40.73 at YE2019 (but 
      almost no change since HY 2020 - US$ 36.82 per share) 
 
 
   -- Net profit attributable to the shareholders is US$ 26.98 million vs US$ 
      40.68 million in 2019 
 
 
   -- The main factors influencing NAV and the financial result are: 
 
 
   -         Net rental income declined from US$ 71.30 million for 2019 to 
US$ 60.84 for 2020. Decrease is primarily attributable to Russian 
properties and caused mainly by compression of US$ values of 
RUB-denominated revenues resulting from RUB depreciation (by 21% during 
the reporting period), as well as by revision of lease rates for 
US$-denominated leases upon prolongation of the existing leases (to 
bring the rates down to the current market level) 
 
   -         Newly acquired properties STRAL 3 (Nhow hotel building) and 
SALZ 4 (Innside Melia hotel building), purchased on 2 April 2020 and 2 
July 2020, accordingly, contributed US$ 3.28 million and US$1.39 million 
to the net rental income of the Group 
 
   -         Decrease in revenue streams in Russia was compensated by the 
gain from sale of Arbat properties - US$ 11.68 million (US$ 3.12 million 
in 2019) 
 
   -         US$ 85.35 million decrease in investment property valuations 
in US$ equivalent -- result of the same factors as for the income 
decline plus some changes in the market assumptions due to market 
uncertainty arising from coronavirus pandemic (gain of US$ 53.51 million 
in 2019). The net valuation result though is positive -- US$ 27.13 
million as it takes into account also currency effect on valuations 
 
   -         Impact of exchange rate fluctuations in the reporting period 
(overall positive effect of US$ 24.44 million): net foreign exchange 
income recognized in the income statement is partially overlapped by the 
negative change in CTA 
 
   Our annual report, including full financial statements, is available on 
the company's website: 
 
   https://www.globenewswire.com/Tracker?data=KOL-0BNpF7lelw8V6X_7ebNn8UUNOS3X7VUu2dtj_qdkT-ucna2kj4K_kD_MPTG-KYqwlYYEgqhAjRGTPw2lQLZ6Mfm8Ju5c0eLKd7tduVJm02SWLpvp_gNHMetX28CgX9cmD5b3wBXGFVW8DI5ZFR1xfLdo4lBxFqWPNiY0pMkGk9rRhc2AnquAyxqK8xLk 
https://europeanpropertyholdings.com/investors/reports.php 
 
 
 
   CONFERENCE CALL WITH THE MANAGEMENT 
 
   Please join management for a conference call to discuss EPH's 2020 
results on 
 
   Wednesday, 05 May 2021 at 10:00 a.m. (CET) 
 
   Dial in: +41 43 216 12 79 
 
   Phone Conference ID: 237 344 87# 
 
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   A presentation for the call will be posted on the company's website 
shortly before the call: 
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https://europeanpropertyholdings.com/ 
 
   EPH European Property Holdings Ltd. is an investment company listed on 
SIX Stock Exchange. As part of its geographical diversification and 
strategic intentions to stabilise values and cash flows, the company 
currently invests in Western Europe. The Company has confidence in the 
stability of Vienna's prime office rents, sees significant growth 
potential of city's property markets, and believes that the addition to 
the EPH portfolio will create long-term value for its shareholders. 
 
   EPH is managed by Valartis International Ltd. a wholly owned subsidiary 
of Valartis Group AG. Additional information on EPH European Property 
Holdings is available by contacting Anna Bernhart Tel: +41 44 503 5400 
or at contact@europeanpropertyholdings.com. 
 
   Attachments 
 
 
   -- EPH Annual Report 2020 
      https://ml-eu.globenewswire.com/Resource/Download/580c9c1c-8b58-437b-89c3-5aa11fd63da9 
 
 
   -- EPH Press Release_Financial Result 2020 
      https://ml-eu.globenewswire.com/Resource/Download/cb8c0cc4-c229-44f3-9c2c-f6f2f0455b2b

(END) Dow Jones Newswires

April 30, 2021 13:00 ET (17:00 GMT)