EQS-Adhoc: PREOS Global Office Real Estate & Technology AG supports as majority shareholder the planned refocusing of GORE German Office Real Estate AG

Publication of inside information pursuant to Art. 17 of Regulation (EU) No. 596/2014

PREOS Global Office Real Estate & Technology AG supports as majority shareholder the planned refocusing of GORE German Office Real Estate AG

- PREOS investment GORE plans to acquire First Move! AG as part of a non-cash capital increase to enter the automated parking and parking lot technology sector

- Extraordinary General Meeting of GORE to decide on refocusing, capital increase through contributions in kind and change of name to "Eco Motion AG

- GORE's plans to acquire a stake in BrickMark Group AG are terminated

Frankfurt am Main, October 24, 2023 – PREOS Global Office Real Estate & Technology AG ("PREOS", ISIN DE000A2LQ850) supports the planned focus of its 84.5% shareholding GORE German Office Real Estate AG on automated parking and parking lot technology. Accordingly, PREOS plans to approve the proposals of the GORE Management Board at the announced Extraordinary General Meeting.

The GORE Management Board decided today to propose to an Extraordinary General Meeting of GORE, yet to be convened, the adoption of a resolution on the acquisition of 100% of the shares in the Swiss company First Move! AG ("First Move") by way of a capital increase against contribution in kind excluding shareholders' subscription rights ("Transaction"). This is accompanied by the decision of the GORE Management Board, also taken today, not to pursue plans for a strategic investment in BrickMark Group AG.

First Move has a patented parking technology that achieves an increase in the productivity of the parking area by over 100% compared to a conventional parking garage. The solution - which is also suitable for retrofitting - significantly reduces emissions and space requirements and also significantly increases electric vehicle charging capacity. The PREOS board sees the potential for GORE to become a leading player in the fast-growing "automated parking" market in the short term with its planned refocus. The refocusing of its business model is also to be accompanied by the renaming of GORE to "Eco Motion AG". The shareholder base of First Move also includes the indirect majority shareholder of PREOS and GORE, Thomas Olek, via an investment vehicle.

The envisaged capital increase against contributions in kind of GORE is to be based on the capital reduction to EUR 3,752,500.00 resolved by the Annual General Meeting of GORE on October 20, 2023 and is to be carried out against the granting of 19,000,000 new GORE shares at an issue price of EUR 6.00 per GORE share to the shareholders of First Move. The exchange ratio shall be 190,000:1, i.e. for each First Move share, First Move shareholders shall receive 190,000 new GORE shares. The exchange ratio is based on an expert valuation of First Move in the amount of approximately EUR 129.7 million, whereby it was possible to agree with the shareholders of First Move on a lower valuation for the transaction of EUR 114 million. The invitation to an extraordinary shareholders' meeting of GORE is expected to be published later today.

The Annual General Meeting of GORE on October 20, 2023 approved the proposed capital reduction with a majority of over 97 percent. Nevertheless, several objections were declared, among others, also against this resolution of the Annual General Meeting. The success of the intended transaction will therefore also depend on whether the capital reduction can be implemented in the foreseeable future.

GORE's Executive Board is sticking to its plans to sell GORE's remaining real estate portfolio. In view of the difficult situation on the real estate markets, this process may take some time, so that the six existing properties that have not yet been sold may remain in the indirect ownership of GORE for a longer period of time and thus be further developed in line with the current business model.

1756073  24-Oct-2023 CET/CEST