Capital increase for Helvetia (CH) Swiss Property Fund: Subscription periods of 8 - 22 March 2022 (existing investors) and 8 - 28 March 2022 (new investors)

Helvetia Holding AG / Key word(s): Capital Increase Capital increase for Helvetia (CH) Swiss Property Fund: Subscription periods of 8 - 22 March 2022 (existing investors) and 8 - 28 March 2022 (new investors) 04.03.2022 / 07:30 Media release Basel, 4 March 2022 Helvetia Asset Management will be carrying out a capital increase for the Helvetia (CH) Swiss Property Fund in order to raise capital of CHF 210 million. The issue proceeds will be used for the acquisition of a real estate portfolio of Helvetia Insurance with a market value of CHF 298.2 million. On 18 February 2022, Helvetia Asset Management AG announced that it was reviewing the acquisition of a real estate portfolio with a market value of CHF 298.2 million for the Helvetia (CH) Swiss Property Fund. In order to finance the purchase of the properties in question, a capital increase of up to CHF 210 million is to be carried out. In addition, the intention is to raise debt capital of around CHF 100 million for the purchase of the real estate portfolio. The subscription period for existing investors will be 8 - 22 March 2022, while the subscription period for new investors will be 8 - 28 March 2022. The issue of the new units will be executed on a best-effort basis as part of a public offer for subscription in Switzerland. A maximum of 2,000,000 new shares will be issued. This will increase the number of units in circulation from 4,500,000 to a maximum of 6,500,000. The issue amount may be reduced if not all the offered units are subscribed to. In this case, the fund manager reserves the right - following expiry of the subscription deadline - to take over any unsubscribed units itself or to place these in the market with all due care, together with the custodian bank or third parties. The issue proceeds will be used by the fund manager to acquire a real estate portfolio of ten properties of Helvetia Swiss Life Insurance Company Ltd, Basel, for the fund by way of a cash purchase. On 4 February 2022, FINMA granted the fund manager an authorized exemption from the ban on transactions with related parties pursuant to Art. 63 paras. 2 and 4 CISA in conjunction with Art. 32a CISO for the transfer of the ten properties in question. With the purchase of these properties, existing and new investors in the Helvetia (CH) Swiss Property Fund will have the opportunity to benefit from broader diversification. The real estate portfolio to be acquired comprises five residential properties and five mixed-use residential and commercial properties. The portfolio exhibits good property and locational quality together with high revenue and value stability, and has a high residential proportion of 79% of target rental income, as well as a below-average vacancy rate of 2.9% (as at 1 December 2021). Geographically, the properties are split between the regions of Zurich (33 percent of market value), eastern Switzerland (18 percent), Bern (17 percent), central Switzerland (16 percent), northwest Switzerland (12 percent), and western Switzerland (4 percent). Key data on capital increase Name Helvetia (CH) Swiss Property Fund Security no. / ISIN of units Security no.: 51383832 / ISIN: CH0513838323 Security no. / ISIN of subscription right Security no.: 116202901 / ISIN: CH1162029016 Legal form Contractual real estate fund under Swiss law Investor group Restricted to qualified investors pursuant to Art. 10 para. 3 and 3ter CISA in conjunction with Art. 4 paras. 3-5 and Art. 5 paras. 1 and 4 FinSA Issue volume Up to CHF 210,000,000 Subscription ratio 9 : 4 / nine existing units entitle the holder to subscribe to four new units Subscription/issue price CHF 105.00 net per unit, including issuing commission for the fund manager of 2.0%. Issue type The issue will be executed on a best-effort basis as part of a public offer for subscription in Switzerland. Number of existing units 4,500,000 Number of new units Max. 2,000,000 Subscription period (existing investors) 8 to 22 March 2022, 12.00 (CET) Trading of subscription rights No trading of subscription rights will take place. Subscription period (new investors) 8 to 28 March 2022, 12.00 (CET) Payment 31 March 2022 Formula for calculating subscription right price Following the subscription period, any unexercised subscription rights will be credited to the new investors or to the investors subscribing through their existing rights as per the following formula: average of fund unit bid prices (secondary market price) during the subscription period minus issue price divided by subscription ratio. If the calculation does not result in a positive value, the value of the subscription right will amount to zero. Use of issue proceeds The issue proceeds will be used for the acquisition of a real estate portfolio of Helvetia Swiss Life Insurance Company Ltd with a market value of CHF 298.2 million. Fund manager Helvetia Asset Management Ltd, Basel Custodian bank Zürcher Kantonalbank, Zurich Lead manager Zürcher Kantonalbank, Zurich Over-the-counter trading Bank J. Safra Sarasin AG, Zurich Analysts Philipp Schüpbach Head of Investor Relations Helvetia Group Phone: [phone] [e-mail]   Media Jonas Grossniklaus Head of Media Relations Helvetia Group Phone: [phone] [e-mail] About Helvetia Asset Management AG Helvetia Asset Management AG is regulated by the Swiss Financial Market Supervisory Authority, FINMA. It manages a real estate fund under Swiss law, and is active as an investment advisor for real estate portfolios of pension funds, while also carrying out owner representative and transaction management responsibilities for these portfolios. This is the first capital increase since the launch of the Helvetia (CH) Swiss Property Fund on 3 June 2020. No purchases or sales of properties have taken place since the launch, nor have any new units been issued. Helvetia Asset Management AG has its registered office in Basel, Switzerland, and is a wholly owned subsidiary of Helvetia Holding AG, St. Gallen, Switzerland. Cautionary note This document was prepared by Helvetia Asset Management AG and may not be copied, altered, offered, sold or otherwise distributed to any other person by any recipient without the consent of Helvetia Asset Management AG. The German version of this document is decisive and binding. Versions of the document in other languages are made available purely for information purposes. Although all reasonable effort has been made to ensure that the facts stated herein are correct and the opinions contained herein are fair and reasonable, where any information and statistics are quoted from any external source such information or statistics should not be interpreted as having been adopted or endorsed as accurate by Helvetia Asset Management AG. Neither Helvetia Asset Management AG nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this information. The facts and information contained in this document are as up to date as is reasonably possible but may be subject to revision in the future. Neither Helvetia Asset Management AG nor any of its directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document. End of Media Release

Language:	English
Company:	Helvetia Holding AG
	Dufourstrasse 40
	9001 St.Gallen
	Switzerland
E-mail:	[e-mail]
Internet:	www.helvetia.com
ISIN:	CH0466642201
Valor:	46664220
Listed:	SIX Swiss Exchange
EQS News ID:	1294347

End of News	EQS News Service

1294347  04.03.2022