HIAG strengthens operational power through successful share placement

Media Release

Basel, 22 October 2020 – HIAG successfully placed 383,000 registered shares with a par value of CHF 1.00 in a private placement. The issue price of CHF 86.00 per share is based on the net asset value (NAV) according to Swiss GAAP FER as of 30 June 2020. HIAG will receive gross proceeds of approximately CHF 33 million from the transaction, which will be used mainly for the development of the real estate portfolio and for acquisitions.

The new shares were placed with five renowned, mainly new institutional investors. This corresponds to a total volume of 4.76% of the outstanding capital of HIAG Immobilien Holding AG. The new shares were issued from the authorised share capital of the company (Article 3a of the Articles of Association), excluding the subscription rights of existing shareholders. They have the same rights as the existing shares.

The payment, listing and admission of the new shares to trading on the SIX Swiss Exchange are expected to be on 29 October 2020. As a result of the transaction, the free float of the shares of HIAG Immobilien Holding AG will increase by 3.1 percentage points (relative increase 14.6%) to 35.7%.

"The successful share placement in the current challenging market environment is a recognition of the potential of our long-term business model," explains HIAG CEO Marco Feusi. "The new funds strengthen the operational power of HIAG. We will continue to focus on expanding the real estate portfolio and the project pipeline in German and French-speaking Switzerland in order to continuously increase the appeal of HIAG for all stakeholders".

Zürcher Kantonalbank acted as Sole Lead Manager in connection with the transaction.

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Contacts

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com