Varia US Properties : EN – 26 November 2020, Varia US Properties AG resolves on capital increase from authorized capital

This press release or the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in such countries.

Media release

Zug, 26 November 2020

Varia US Properties AG resolves on capital increase from authorized capital

• Resolution on authorized capital increase of up 1,125,000 new registered shares with a nominal value of CHF 1.00 each
• New shares are offered in private placements at a price of CHF 35.95 per share
• Reinforcement of institutional investor base intended
• Proceeds are planned to be used to further enhance the portfolio in the US

The Board of Directors of Varia US Properties AG (the "Company" or "Varia US") today resolved to increase the share capital of the Company from currently CHF 9,001,018 by up to CHF 1,125,000 to up to CHF 10,126,018. This by issuing up to 1,125,000 registered shares, each with a par value of CHF 1.00 (the "New Shares") against cash contributions, making use of the existing authorized share capital pursuant to Section 2.3 of the Company's articles of association (the "Capital Increase"). The statutory subscription right of the Company's shareholders was excluded. The Shares will be sold in international private placements. The New Shares will be equivalent to all currently existing registered shares of the Company and carry full dividend rights from the time of their issue.

Varia US intends to reinforce its institutional investor base by conducting the Capital Increase. It plans to use the funds from the sale of the New Shares to further enhance the Company's portfolio in the US and to benefit from the strong investors' demand for appealing real estate investments.

The placement price of the New Shares was determined based on the 10-dayvolume-weighted average price of the existing shares in the Company prior to fixing less a discount of 5% and amounts to CHF 35.95 per share. The New Shares are, subject to the fulfilment of certain conditions, admitted to trading without prospectus on the Standard for Real Estate Companies of SIX Swiss Exchange immediately after the Capital Increase has been registered with the commercial register. The registration of the Capital Increase is expected to take place on 1 December 2020 and the first day of trading of the New Shares is expected to be 2 December 2020.

Purchasers of the New Shares will agree to a 90-daylock-up period for the purchased New Shares from the first day of trading of the New Shares, subject to customary exceptions.

Gubelstrasse 19 • 6300 Zug • Switzerland • T. CH [phone] • US [phone]	1
[e-mail] • variausproperties.com

This press release or the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in such countries.

REYL & Cie Ltd is acting as Lead Manager and Paying Agent for the envisaged Capital Increase. Baker McKenzie is acting as legal counsel on the transaction.

Financial calendar
Full-year 2020 results	30 March 2021
Annual General Meeting	29 April 2021

Contact information

Juerg Staehelin, IRF

Phone: [phone], E-mail:[e-mail]

About Varia US Properties AG

Varia US Properties AG is a Swiss based real estate company exclusively investing in U.S. multifamily housing with a main focus on secondary and tertiary markets. Established in 2015, the Company acquires, holds, transitions and repositions properties in the boundaries of metropolitan regions of the U.S. in order to secure rental income and value growth. More information: www.variausproperties.com

Disclaimer

This publication constitutes neither an offer to sell nor a solicitation to buy securities of the Company and it does not constitute a prospectus or a similar notice within the meaning of articles 652a, 752 and/or 1156 of the Swiss Code of Obligations or articles 35 et seqq. or 69 of the Swiss Financial Services Act or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. The offer and listing will be made without the publication of a prospectus in reliance on the exemptions provided in article 36 paragraph 1 letter b and article 38 paragraph 1 letter a of the Financial Services Act.

This communication is being distributed only to, and is directed only at (i) persons outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person must not act or rely on this communication or any of its contents.

Gubelstrasse 19 • 6300 Zug • Switzerland • T. CH [phone] • US [phone]	2
[e-mail] • variausproperties.com

This press release or the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in such countries.

This communication does not constitute an "offer of securities to the public" within the meaning of Regulation 2017/1129 of the European Union (the "Prospectus Regulation") of the securities referred to in it (the "Securities") in any member state of the European Economic Area (the "EEA"). Any offers of the Securities to persons in the EEA will be made pursuant to an exemption under the Prospectus Regulation, as implemented in member states of the EEA, from the requirement to produce a prospectus for offers of the Securities.

The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to US persons (as such term is defined in Regulation S under the Securities Act) unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. The issuer of the securities has not registered, and does not intend to register, any portion of the offering in the United States, and does not intend to conduct a public offering of securities in the United States.

Gubelstrasse 19 • 6300 Zug • Switzerland • T. CH [phone] • US [phone]	3
[e-mail] • variausproperties.com