Corestate Capital Holding S.A.: Corestate: Extraordinary General Meeting votes with large majority for restructuring of share capital

Corestate: Extraordinary General Meeting votes with large majority for restructuring of share capital

• Number of shares increased from around 34m to around 166m
• Completion of recapitalization in August 2023

Luxemburg, 14. Juli 2023 – Today's extraordinary shareholders' meeting of Corestate Capital Holding S.A. ("Corestate") adopted all agenda items with a very large majority. The main subject of the resolution was the implementation of a so-called "coup d'accordéon" ("capital cut"). In this context, following a capital reduction, the Company's capital will be increased by issuing around 132m new shares. The total number of shares will thus increase from around 34.2m to around 166.2m. The resolutions on the capital cut are subject to the condition precedent that the subscription process for the issue of the new shares is successfully completed.

The restructuring of the capital stock fulfills one of the main conditions for execution of the resolutions of the noteholders' meetings on 21 June 2023. As part of the bond restructuring and recapitalization, this will enable the noteholders to participate significantly in the equity and secure an injection of further financial resources for the Company. The outcome of today's General Meeting represents an important milestone for the recapitalization of the Corestate Group with a scheduled closing in August 2023.

As further items on the agenda, Dr. Sven-Marian Berneburg and Dr. Carlos Mack were confirmed as members of the Supervisory Board and appointed for the next three years.

Press and Investor Relations Contact

Dr. Kai Gregor Klinger

T: +49 69 3535630-107 / M: +49 152 22755400

ir@corestate-capital.com

About Corestate Capital Holding S.A. (Corestate)

Corestate is an investment manager and co-investor with € 17.2 billion in assets under management in the core business (31 Dec 2022). 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.