The fund management company of the Helvetia (CH) Swiss Property Fund announces the terms of the planned capital increase

Ad hoc announcement pursuant to Art. 53 LR



Basel, 28 February 2025

Helvetia Asset Management AG will carry out a capital increase of around CHF 166 million for the Helvetia (CH) Swiss Property Fund. The issue proceeds will be used to acquire a real estate portfolio of Helvetia Swiss Life Insurance Company Ltd with a market value of around CHF 252 million.

On 19 February 2025, Helvetia Asset Management AG announced that it was considering the acquisition of a real estate portfolio with a market value of around CHF 252 million for the Helvetia (CH) Swiss Property Fund. A capital increase of up to around CHF 166 million is to be carried out to finance the purchase of the properties. The remaining purchase price is to be financed by borrowing.

The issue proceeds will be used by the fund management company to acquire a real estate portfolio of seven properties belonging to Helvetia Swiss Life Insurance Company Ltd. On 11 February 2025, FINMA granted the fund management company an exemption from the prohibition on transactions with related parties pursuant to Art. 63 para. 2 and 4 CISA in conjunction with Art. 32a CISO for the transfer of these properties.

The portfolio to be acquired consists of seven Core/Core Plus properties with a high residential focus across four cantons and is characterised by a high quality of properties and locations that are aligned with the existing portfolio, with corresponding earnings, value stability and market rent potential.

Issue conditions
The new units will be issued on a commission basis (“best effort” basis) as part of a public subscription offer in Switzerland. A maximum of 1,625,000 new units will be issued, which corresponds to a subscription ratio of 5:1. Accordingly, five (5) subscription rights entitle the holder to subscribe to one (1) new share. The issue price of CHF 102.00 is based on the net asset value as at 30 September 2024, plus the buy-in in current income and the issuing commission of 1.5%. The number of units outstanding will increase from 8,125,000 to a maximum of 9,750,000. Units that are not subscribed to may not be issued, which would reduce the issue amount. At the end of the subscription period, the fund management company reserves the right to place any unsubscribed units on the market with due care together with the custodian bank or third parties.

Trading in subscription rights will run from 7 to 17 March 2025 on SIX Swiss Exchange AG and the subscription period will run from 7 to 19 March 2025, at 12 noon (CET). The new units will be paid up on 24 March 2025.

Fund information

About Helvetia Asset Management Ltd
Helvetia Asset Management Ltd is regulated by the Swiss Financial Market Supervisory Authority FINMA and provides fund management and asset management services. It offers collective investment schemes and is an independent fund management company operating in the interests of its investors. The company also provides asset management and investment advice for real estate and mortgage investments of collective investment schemes, pension schemes and institutional investors. It also provides other services for real estate and mortgage investments and carries out management and administration for investment foundations, including related activities in the area of investment and distribution. Helvetia Asset Management Ltd has its registered office in Basel, Switzerland, and is a wholly owned subsidiary of Helvetia Holding Ltd, St. Gallen, Switzerland.

Disclaimer
Helvetia (CH) Swiss Property Fund is a contractual investment fund under Swiss law of the type “real estate fund” (hereinafter “real estate fund”). This real estate fund is distributed exclusively in Switzerland, and the units of the real estate fund may only be offered in Switzerland. The real estate fund is not available to US persons. Neither this announcement nor any copy thereof may be sent, taken into or distributed in the USA or to persons who are deemed to be US persons (among other things pursuant to Regulation S of the US Securities Act and the US Income Tax Law). This announcement may not be reproduced, either in full or in part, without the written permission of Helvetia Asset Management Ltd. The details given of the real estate fund are intended exclusively as information and do not constitute legal, tax or financial advice, nor are they an offer or a recommendation to buy or sell investment instruments or other financial services or a solicitation or invitation to submit an offer. Historical performance is not an indicator of current or future performance. Performance data do not include the commission and costs incurred on the issue and redemption of units. The main risks of real estate investments include limited liquidity in the real estate market, changes in mortgage interest rates, the subjective valuation of real estate, inherent risks in connection with the construction of buildings and environmental risks. All information in this announcement has been prepared with the greatest of care and in good faith. The fund management company does not accept liability for any losses arising from the use of this information. The sole binding basis for the purchase of or subscription to fund units is the prospectus with the integrated fund agreement, the Key Information Document and the latest annual and semi-annual report. These documents can be obtained free of charge from the fund management company, Helvetia Asset Management Ltd, St. Alban-Anlage 26, 4002 Basel, Switzerland, or the custodian bank, Zürcher Kantonalbank, Bahnhofstrasse 9, 8001 Zurich, Switzerland. This announcement is published in several languages. Should there be any inconsistencies between the German version and a version in another language, the German version shall prevail.