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Coreo AG: Resolution to carry out a capital increase

Frankfurt am Main,19 April 2022 - Today, the Managing Board of Coreo AG (hereinafter also referred to as the "Company") resolved, with the approval of the Supervisory Board, to increase the share capital of the Company, making partial use of the Authorised Capital 2021 of EUR 17,540,460.00 by up to EUR 5,011,560.00 to up to EUR 22,552,020.00 by issuing up to 5,011,560 new no-par value bearer shares with a notional interest in the share capital of EUR 1.00 per share ("New Shares") against cash contributions. The New Shares shall be issued at the lowest issue price of EUR 1.00 per New Share. With effect from 1 January 2021 (inclusive), the New Shares shall carry dividend rights.

The New Shares will be offered to the shareholders of the Company by way of indirect subscription rights. Shareholders will be able to subscribe to the New Shares within the subscription period (presumably from 25 April 2022 to 9 May 2022) at a ratio of 7 : 2 (seven existing shares entitle the holder to subscribe to two New Shares) at a subscription price of EUR 1.10.

The Subscription Offer will be made without a prospectus in accordance with section 3 no. 2 of the German Securities Prospectus Act ("WpPG"). On 21 April 2022, a securities information sheet prepared in accordance with section 4 of the WpPG is expected to be published. Trading in subscription rights on the stock exchange is not planned.

The Managing Board may offer New Shares not subscribed for by shareholders on the basis of the subscription right within the subscription period to selected investors at the subscription price of EUR 1.10, also in parallel with the subscription offer, within the framework of a private placement (non-public offer).

The subscription offer is expected to be published in the Bundesanzeiger (Federal Gazette) on 22 April 2022. mwb fairtrade Wertpapierhandelsbank AG, Gräfelfing, will provide support in terms of the securities.

It is intended that the net proceeds from the capital increase will serve to strengthen the Company's capitalisation. With the funds accruing to it from the Offering, the Company plans to primarily establish further subsidiaries and/or acquire (majority) shareholdings and to enable these and, if applicable, the existing majority shareholdings to acquire corresponding portfolio properties, developed and undeveloped land as well as the construction of buildings through loans or the granting of loans in order to expand the commercial and residential real estate portfolio.

About Coreo AG:

Coreo AG, with headquarters in Frankfurt am Main, is a dynamically growing real estate company with a focus on German commercial and residential real estate. The company invests in properties with significant potential to increase in value where there is a requirement for development, preferably in medium-sized centres. The objective is to build up an efficiently managed, high-yield property portfolio.

Important notes
This release is intended for information purposes only and does not constitute an offer to buy, sell, exchange or transfer any securities, nor a solicitation of an offer to purchase any securities of Coreo AG in the United States of America or any other jurisdiction. The above mentioned securities of Coreo AG were not and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States of America except pursuant to an exemption from the registration requirements of the Securities Act. Neither the Company nor any other party to the aforementioned transaction is planning to register the securities referred to herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States of America in conjunction with this announcement. Under no circumstances may the securities be offered in any jurisdiction in circumstances which would require the preparation or registration of a prospectus or offering circular in conjunction with the securities in that jurisdiction.

This announcement is not a securities prospectus. Interested investors should make their investment decision in relation to the securities referred to in this announcement exclusively on the basis of the information contained in the Company's securities information document (including any updates thereto) authorised for publication by the German Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), which will be published immediately after its approval.

Such information may only be distributed in the United Kingdom and is only directed at (i) professional investors within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) high net worth companies falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to herein as "Relevant Persons"). Only Relevant Persons may subscribe for, purchase or otherwise acquire the Securities and any invitation, offer or agreement to subscribe for, purchase or otherwise acquire such Securities will be engaged in only with Relevant Persons. Any person not being a Relevant Person should not act or rely on this announcement or any of its contents.

This release comprises future-related statements that are subject to certain risks and uncertainties. Due to various risk factors and uncertainties, including changes in business, economic and competitive conditions, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing, future results could differ materially from those currently anticipated. The Company assumes no responsibility to update the future-related statements contained in this release.

Contact:
Coreo AG
Andrea Glaab
Investor Relations
Grüneburgweg 18
D-60322 Frankfurt a. M.
[email protected]
T: +49 (0) 69-21 93 96-0