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PRESS RELEASE: Prime Office REIT-AG: Announcement of a cash capital increase in connection with the planned merger of Prime Office REIT-AG into OCM German Real Estate Holding AG (the future 'Prime Office AG')

DGAP-News: Prime Office REIT-AG / Key word(s): Capital Increase Prime Office REIT-AG: Announcement of a cash capital increase in connection with the planned merger of Prime Office REIT-AG into OCM German Real Estate Holding AG (the future 'Prime Office AG')

13.01.2014 / 08:23

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Announcement of a cash capital increase in connection with the planned merger of Prime Office REIT-AG into OCM German Real Estate Holding AG (the future 'Prime Office AG')

- The planned merger of Prime Office REIT-AG into OCM German Real Estate Holding AG will likely become effective on 21 January 2014 after registration with the commercial register of OCM German Real Estate Holding AG

- Trading in the shares of Prime Office AG on the regulated market (Prime Standard) of the Frankfurt stock exchange is expected to start on 22 January 2014 subject to the approval of the offering prospectus by the German Financial Supervisory Authority (BaFin)

- Public offering of up to 50,228,004 new no par value shares with pre-emptive rights for the shareholders of the future Prime Office AG is planned for January/February 2014 subject to the approval of the offering prospectus by the BaFin

- Targeted gross proceeds of approximately EUR 130 million to ensure adequate capitalisation levels of Prime Office AG and to reduce leverage ('LTV') to about 58 %

- Funds advised by Oaktree will participate with at least EUR 65 million in the cash capital increase; in addition, one other investor has announced the intention to participate in the capital increase with up to EUR 20 million

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PRESS RELEASE: Prime Office REIT-AG: Announcement -2-