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publity subsidiary PREOS Real Estate AG plans bond issue with a volume of up to EUR 400 million

publity AG intends to participate in the planned exchange offer of PREOS Real Estate AG

Frankfurt/Main, 28/07/2020 - PREOS Real Estate AG ("PREOS", ISIN DE000A2LQ850, m:access), in which publity AG ("publity", ISIN DE0006972508, Scale) holds a majority stake, plans to issue a corporate bond with a volume of up to EUR 400 million ("PREOS Bond 2020/2025"). Further details can be found in the relevant PREOS publication of today.

As part of the issue of the new PREOS bond 2020/2025, PREOS is also planning an exchange offer, among other things. In this context, the holders of the 2019/2024 convertible bond issued by PREOS at the end of 2019 ("PREOS Convertible Bond 2019/2024", ISIN: DE000A254NA6) are to be invited to offer their convertible bonds of PREOS for exchange into bonds of the new PREOS Bond 2020/2025. The bondholders participating in the exchange offer are to receive one bond of the new PREOS Bond 2020/2025 for each exchanged convertible bond of the PREOS Convertible Bond 2019/2024, in addition to a cash payment consisting of an exchange premium (expected to amount to EUR 75.00 per exchanged convertible bond) and pro rata accrued interest.

publity intends to participate in the exchange offer of PREOS for the convertible bonds of the PREOS 2019/2024 convertible bond with its holdings in a volume of around EUR 102 million.

Disclaimer

This publication does not constitute an offer. In particular, it does not constitute a public offer to sell or an offer or a solicitation of an offer to purchase, purchase, exchange or subscribe for any bonds, shares or other securities.

The reference in this publication to an offer by PREOS Real Estate AG serves exclusively to provide the reader with non-binding information. The offer of securities planned by PREOS Real Estate AG will be made exclusively on the basis of and in accordance with a securities prospectus to be prepared by PREOS Real Estate AG and has yet to be approved by the German Federal Financial Supervisory Authority (BaFin) and published on the website of PREOS Real Estate AG (www.preos.de). publity AG neither adopts nor confirms the offer and content planned by PREOS Real Estate AG. publity AG assumes no liability for the offer planned by PREOS Real Estate AG and/or its content.

This publication may contain future-oriented statements. Future-oriented statements are all statements that do not refer to historical facts or events. This applies in particular to statements about the intentions, beliefs or current expectations of the Company with respect to its future financial performance, plans, liquidity, prospects, growth, strategy and profitability as well as the economic environment in which the company operates. The future-oriented statements are based on current estimates and assumptions made by the company to the best of its knowledge. However, such forward-looking statements are subject to risks and uncertainties because they relate to future events and are based on assumptions that may not occur in the future. The company is not obliged to update or modify the future-oriented statements contained in this publication to reflect events or circumstances occurring after the date of this publication, unless they contain insider information subject to publication requirements.

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About publity

publity AG ("publity") is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.