Conditions precedent from the resolutions of the creditors' meetings on the restructuring of the Corestate bonds have occurred

Conditions precedent from the resolutions of the creditors' meetings on the restructuring of the Corestate bonds have occurred

Luxembourg, January 04, 2023 – Corestate Capital Holding S.A. (the "Issuer") hereby announces that the conditions precedent (as defined in Clause 1 (ii) of the additional proposal for resolution for the convertible bond 2022 and in Clause 1 (i) of the additional proposal for resolution for the straight bond 2023) provided for in the resolutions adopted by the creditors' meetings on November 28, 2022 have occurred.

Following the lock-up agreement with a group of major bondholders on December 2, 2022 and after the change in Corestate's board compositions were implemented, the extraordinary general meeting on December 20, 2022 authorized the Management Board to issue new shares from an increased Authorized Capital. Upon receipt of the relevant notice from the extraordinary general meeting (as defined in the resolutions), the conditions precedent of both financial instruments have now become effective so that - subject to the absence of legal actions to challenge the resolutions - the resolutions may be implemented.

Press and Investor Relations Contact

Thomas Fritsche
T: +49 69 3535630-106 / M: +49 162 1036025
ir@corestate-capital.com

About Corestate Capital Holding S.A. (Corestate)

Corestate is an investment manager and co-investor with € 17.3 billion in assets under management in the core business. The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanization, demographic shifts or sustainability – trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At Corestate, all concepts are supported with ESG expertise that is unique to the industry. With more than 400 experts, Corestate offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. Corestate is listed on the Frankfurt Stock Exchange and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 11 countries across Europe, with offices in Luxembourg, Frankfurt, Munich, Zurich, Paris and Madrid. Please visit www.corestate-capital.com for further information.

Forward-looking statement

This press release may contain certain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial position, development or performance of the Company and the estimates given here. These factors include those described in published reports. These reports are available on our website www.corestate-capital.com. The Company assumes no obligation whatsoever to update these forward-looking statements or to conform them to future events or developments. No inappropriate significance should be attached to forward-looking statements, which apply only to the date of this communication.