TAG Immobilien AG: IPO of the Polish subsidiary ROBYG: successful share placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTIONS WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

 IPO of the Polish subsidiary ROBYG: successful share placement

• TAG placed 25m ROBYG shares at a price of PLN 34 per share, with expected gross proceeds of c. PLN 850m (c. EUR 200m)
• ROBYG is expected to receive gross proceeds of c. PLN 400m (c. EUR 95m) from 9.6m new shares placed as part of a cash capital increase, likewise at PLN 34 per share, and from an additional 2.4m new shares issued to members of the ROBYG management
• The total expected gross proceeds for the TAG Group of c. PLN 1,250m (c. EUR 295m) form the basis for further growth across all business segments
• TAG will remain the majority shareholder of ROBYG with a stake of c. 66%
• The first day of trading of ROBYG shares on the Warsaw Stock Exchange is planned for 2 July 2026

Hamburg, 24 June 2026

As part of the IPO of TAG Immobilien AG’s (TAG) Polish subsidiary ROBYG S.A. (ROBYG), the sale price was set at PLN 34 per share.

Based on 25m ROBYG shares to be sold by TAG in the context of the IPO, TAG expects gross proceeds of c. PLN 850m (c. EUR 200m), subject to any stabilisation measures following the first day of trading. ROBYG is expected to receive gross proceeds of c. PLN 400m (c. EUR 95m) from the cash capital increase carried out in connection with the IPO and from a further cash capital increase subscribed by members of the ROBYG management.

In total, the TAG Group therefore expects gross proceeds of c. PLN 1,250m (c. EUR 295m), which not only significantly reduces the Group's leverage ratio but also forms the basis for additional growth.

Martin Thiel, CFO and Co-CEO of TAG, commented: “We are very pleased with the successful share placement as part of ROBYG’s IPO and the strong demand seen from both Polish and international investors. Ultimately, all of TAG’s business segments will benefit from this. In the Polish sales business, the proceeds from the IPO and the significantly strengthened equity base will enable ROBYG to acquire additional land. At the same time, the share placement provides TAG’s rental business in both Poland and Germany with substantial equity to support further growth.”

Following completion of the IPO, TAG will remain the majority shareholder of ROBYG with a stake of around 66%, thereby underlining the long-term strategic nature of its commitment to the Polish residential real estate market. The first day of trading of ROBYG’s shares on the Warsaw Stock Exchange is planned for 2 July 2026.

Contact

TAG Immobilien AG

Dominique Mann

Head of Investor & Public Relations

Fon +49 (0) 40 380 32 305

ir@tag-ag.com

Disclaimer
This announcement is not a prospectus and not an offer of shares for sale in any jurisdiction, including in or into the United States of America, Australia, Canada, South Africa or Japan. Neither this announcement, nor anything contained herein, shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any shares referred to in this announcement except solely on the basis of the information contained in a prospectus in its final form (together with any prospectus supplements, if relevant, the “Prospectus”), including the risk factors set out therein, published on 16 June 2026 by ROBYG S.A., a joint-stock company (spółka akcyjna), with its registered office in Warsaw, Poland (the “Company”) in connection with the offer (the “Offering”) of shares in the capital of the Company (the “Shares”) and the possible admission and introduction of certain Company’s shares, including the Shares, to trading on the regulated market of the Warsaw Stock Exchange (the “Admission”). A copy of the Prospectus is available on the Company’s website at www.robyg.pl, subject to certain access restrictions.

IMPORTANT INFORMATION

The contents of this announcement have been prepared by and are the sole responsibility of TAG Beteiligungs- und Immobilienverwaltungs GmbH (the “Selling Shareholder”).

This announcement is not a prospectus for the purpose of the EU Regulation 2017/1129 ("Prospectus Regulation”). The information contained in this announcement is for background purposes only and does not purport to be full or complete. The information in this announcement is subject to change. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States. This announcement and any subsequent offer of securities may be restricted by law in certain jurisdictions and persons receiving this announcement should inform themselves about and observe any such restriction. Failure to comply with such restrictions may constitute a violation of securities laws of any such jurisdiction. This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for Shares or any other securities nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore. Investors should not subscribe for or purchase any Shares or other securities referred to in this announcement except on the basis of information in the Prospectus which has been published by the Company in due course in connection with the Offering and Admission. The approval of the Prospectus by the Polish Financial Supervision Authority should not be construed as an endorsement of the securities offered or admitted to trading under the Prospectus. Potential investors should read the Prospectus before making an investment decision in order to fully understand the potential risks and benefits associated with the decision to invest in the securities referred to in the Prospectus. Before subscribing for or purchasing any Shares, persons viewing this announcement should ensure that they fully understand and accept the risks which will be set out in the Prospectus when published.

The Shares referred to herein may not be offered or sold in the United States unless registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or offered in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act. The offer and sale of Shares referred to herein has not been and will not be registered under the U.S. Securities Act or under the applicable securities laws of Australia, Canada, Japan or South Africa. Subject to certain exceptions, the Shares may not be offered or sold in Australia, Canada, Japan or South Africa or to, of for the account or benefit of any national, resident or citizen of Australia, Canada, Japan or South Africa. There will be no public offering of the securities described herein in the United States, Australia, Canada, Japan or South Africa. Any Shares sold in the United States will be sold only to qualified institutional buyers (as defined in Rule 144A under the U.S. Securities Act) or another transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act.

This announcement is only addressed to and directed at (i) persons in member states of the European Economic Area (“Member States”), other than Poland, who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation (“Qualified Investors”) and (ii) to persons in the Republic of Poland (“Poland”) who are natural persons (individuals), corporate entities (legal persons) and non-corporate entities other than individuals (an organisational unit without legal personality) (“Polish Retail Investors”) and Polish institutional investors (“Polish Institutional Investors”). In the United Kingdom, the announcement is being distributed only to, and is directed only at, qualified investors within the meaning of paragraph 15 of Schedule 1 of the Public Offers and Admissions to Trading Regulation 2024 (“POATR”) that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“Order”), (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order, or (iii) other persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000) may lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”).

In Australia, the announcement is being distributed only to, and is directed only at select investors who are able to demonstrate that they fall within one or more of the following categories of investors: (i) a “sophisticated investor” under section 708(8)(a) or (b) of the Corporations Act 2001 (Cth) (“Corporations Act”); (ii) a “sophisticated investor” under section 708(8)(c) or (d) of the Corporations Act and that you have provided an accountant’s certificate to the Company which complies with the requirements of section 708(8)(c)(i) or (ii) of the Corporations Act and related regulations before the offer has been made; (iii) a person associated with the Company under section 708(12) of the Corporations Act; or (iv) a “professional investor” within the meaning of section 708(11)(a) or (b) of the Corporations Act (all such persons together being referred to as “Sophisticated Investors”).

In Israel, the announcement is being distributed only to, and is directed only at and any offer of the securities offered hereby is directed only at, (i) a limited number of persons in accordance with the Israeli Securities Law, 5728-1968, as amended (the “Israeli Securities Law”) and (ii) investors listed in the first addendum (the Addendum), to the Israeli Securities Law, consisting primarily of joint investment in trust funds, provident funds, insurance companies, banks, portfolio managers, investment advisors, members of the Tel Aviv Stock Exchange, underwriters, venture capital funds, entities with equity in excess of NIS 50 million and “qualified individuals”, each as defined in the Addendum (as it may be amended from time to time), collectively referred to as qualified investors (in each case purchasing for their own account or, where permitted under the Addendum, for the accounts of their clients who are investors listed in the Addendum) (all such persons together being referred to as “Israeli Qualified Investors”).

Any investment or investment activity to which this announcement relates is available only to Polish Retail Investors and Polish Institutional Investors in Poland, Qualified Investors in Member States, other than Poland, Relevant Persons in the United Kingdom, Sophisticated Investor in Australia and Israeli Qualified Investors in Israel and will only be engaged with such persons. Persons who are not Polish Retail Investors or Polish Institutional Investors (in Poland), Qualified Investors (in Member States other than Poland) Relevant Persons (in the United Kingdom), Sophisticated Investor (in Australia) or Israeli Qualified Investors (in Israel) should not act or rely on this announcement or any of its contents.

This announcement may contain forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. In addition, forward looking statements may be identified by the use of forward-looking terminology, including the terms “anticipate”, “target”, “expect”, “estimate”, “intend”, “plan”, “goal”, “believe”, “will”, “may”, “should”, “would”, “could”, “is confident”, or in each case, their negative or other variations or words of similar meaning, or comparable terminology, or by discussions of strategy plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Undue reliance should not be placed on any such statements because they speak only as at the date of this document and reflect the Company’s current view with respect to future events. Forward-looking statements are, by their very nature, subject to known and unknown risks relating to future events and other risks, uncertainties and assumptions relating to the Company’s business, results of operations, financial position, liquidity, prospects, growth or strategies and can be affected by other factors that could cause actual results, and the Company’s plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. Each of Erste Group Bank AG, Erste Securities Polska S.A., Goldman Sachs Bank Europe SE, mBank S.A. (together, the “Joint Global Coordinators”), WOOD & Company Financial Services, a.s. Spółka Akcyjna Oddział w Polsce (together with the Joint Global Coordinators “Joint Bookrunners”) and Baader Bank Aktiengesellschaft, (together with Joint Bookrunners, the “Banks”, and each a “Bank”) and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

None of the Banks or any of their respective affiliates accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

Any acquisition of Shares in the proposed Offering should be made solely based on the information contained in the final Prospectus published by the Company in connection with the Offering. The information in this announcement is subject to change. The Offering timetable, including the date of Admission, may be influenced by things such as market conditions. There is no guarantee that the Offering and/or Admission will occur and you should not base your financial decisions on the Company’s and/or its Selling Shareholder (i.e. TAG Beteiligungs- und Immobilienverwaltungs GmbH) intentions in relation to Offering and/or Admission at this stage. Acquiring investments to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering making such investments should consult an authorised person specialising in advising on such investments.

This announcement does not constitute a recommendation concerning the Offering. The value of Shares can decrease as well as increase. Potential investors should consult a professional advisor as to the suitability of the Offering for the person concerned.

The Banks are acting exclusively for the Selling Shareholder and the Company and no one else in connection with the Offering. They will not regard any other person as their respective clients in relation to the Offering and will not be responsible to anyone other than the Selling Shareholder and the Company for providing the protections afforded to their respective clients, nor for providing advice in relation to the Offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein.

In connection with the Offering, the Banks and any of their affiliates, may acquire a portion of the Shares comprised in the Offering as a principal position and in that capacity may retain, purchase, sell, offer to sell for their own accounts such Shares and other securities of the Company or related investments in connection with the Offering or otherwise. Accordingly, references in the Prospectus, once published, to the Shares being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, the Banks and any of their affiliates acting in such capacity. In addition, the Banks and any of their affiliates may enter into financing arrangements (including swaps, warrants or contracts for differences) with investors in connection with which the Banks and any of their affiliates may from time to time acquire, hold or dispose of shares. The Banks do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so. None of the Banks or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company or the Selling Shareholder, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

Certain data in this announcement, including financial, statistical, and operating information has been rounded. As a result of the rounding, the totals of data presented in this announcement may vary slightly from the actual arithmetic totals of such data.

For the avoidance of doubt, the contents of the Company’s website are not incorporated by reference into, and does not form part of, this announcement.

Information to Distributors:

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (“MiFID II”); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the “MiFID II Product Governance Requirements”), and disclaiming any and all liability, whether arising in tort, contract or otherwise, that any “manufacturer” (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Shares that are the subject of the Offering have been subject to a product approval process that has determined that such Shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the “Target Market Assessment”). Notwithstanding the Target Market Assessment, distributors should note that (i) the price of the Shares may decline and investors could lose all or part of their investment, (ii) the Shares offer no guaranteed income and no capital protection, and (iii) an investment in the Shares is compatible only with investors who do not need guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Offering. Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Banks will only procure investors who meet the criteria of professional clients and eligible counterparties. For the avoidance of doubt, the Target Market Assessment does not constitute (i) an assessment of suitability or appropriateness for the purposes of MiFID II, or (ii) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Shares. Each distributor is responsible for undertaking its own target market assessment in respect of the Shares and determining the appropriate distribution channels.