Swiss Prime Site to sell Wincasa to Implenia

Swiss Prime Site AG / Key word(s): Real Estate Swiss Prime Site to sell Wincasa to Implenia 30-March-2023 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad Hoc announcement pursuant to article 53 LR PRESS RELEASE Zug, 30 March 2023 Strategy focusing on direct and indirect real estate investments Sale proceeds used to further strengthen the balance sheet Swiss Prime Site yesterday signed an agreement to sell its Wincasa group company to Implenia for CHF 235 million (enterprise value). Through the sale, Swiss Prime Site will receive around CHF 181.6 million (incl. intra-group dividend payment for 2022) in cash. Subject to regulatory approval, the transaction is expected to close in the second quarter and the economic interest will be transferred retrospectively as of 1 January 2023. Swiss Prime Site CEO René Zahnd declares: «By selling Wincasa and the announced discontinuation of Jelmoli’s operations from the end of 2024, we will achieve maximum streamlining of our company. We are now focusing on our excellent property portfolio and the fast-growing Asset Management business.» Implenia will seamlessly continue Wincasa’s operations. «The acquisition is an excellent fit with our strategy for sustainable success – with a clear focus on stable service revenues across our value chain. We will benefit from Wincasa’s knowledge and customer relationships», says Implenia CEO André Wyss. Wincasa CEO Oliver Hofmann adds: «As an established and very well-connected company with experience across the entire property lifecycle, we will optimally complement Implenia. Together, we can create a unique integrated service offering for our customers. We are excited about working together and building a successful future.» Swiss Prime Site plans to use the proceeds to reduce its financial liabilities and thus further strengthen its balance sheet. Pro forma, considering the full completion, the loan-to-value ratio of the real estate portfolio (LTV) as of 31 December 2022 decreases accordingly from 38.9% to roughly 37.5%. The contribution to the FFO I guidance for 2023 attributable to Wincasa, which is now no longer included, was CHF 0.27 per share. Swiss Prime Site expects a non-operating accounting gain before tax of around CHF 140 million from the sale. If you have any questions, please contact:   Investor Relations, Florian Hauber Tel. [phone], [e-mail]   Media Relations, Mladen Tomic Tel. [phone], [e-mail] End of Inside Information

Language:	English
Company:	Swiss Prime Site AG
	Alpenstrasse 15
	6300 Zug
	Switzerland
Phone:	[phone]
E-mail:	[e-mail]
Internet:	www.sps.swiss
ISIN:	CH0008038389
Listed:	SIX Swiss Exchange
EQS News ID:	1596371

End of Announcement	EQS News Service

1596371  30-March-2023 CET/CEST