Genova successfully issues new green capital securities and announces the result of the tender offer

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Genova Property Group AB (publ) (the "Company” or "Genova”) has successfully issued perpetual green capital securities (the “New Green Capital Securities”) in an initial amount of SEK 300 million and announces the results of the tender offer (the “Tender Offer”) to the holders of Genova’s existing perpetual green capital securities with ISIN SE0015245519 with an outstanding amount of SEK 800 million (the “Outstanding Capital Securities”). The Tender Offer expired at 15:00 CEST on 17 September 2024. Outstanding Capital Securities in an aggregate amount of SEK 367.5 million have been validly tendered by investors out of which SEK 342.5 million valid tenders have been accepted by Genova. Valid tenders from investors who have subscribed for and been allocated New Green Capital Securities in an amount of SEK 250 million have been prioritised in acceptance by Genova (“Priority Tenders”). Valid tenders not being Priority Tenders have been accepted on a pro rata basis in accordance with the process described in the Tender Information Document with a proration factor of 75 percent. Following the completion of the Tender Offer the volume of the Outstanding Capital Securities excluding Genova's holdings will amount to SEK 296.5 million. Settlement for the New Green Capital Securities and for the Tender Offer is expected to occur on 24 September 2024.

"Genova has over the last twelve months been active in the debt capital market and proactively refinanced all senior unsecured bonds. The work to ensure a well-balanced capital structure continues and we opt to tender a larger volume of outstanding capital securities than intended to improve earnings going forward. With this transaction, including previously repurchases of our outstanding capital securities, we are now in a good position to capture future attractive market opportunities", comments Michael Moschewitz, CEO of Genova.

The Tender Offer was made on the terms and subject to the conditions set out in a tender information document dated 12 September 2024 (the “Tender Information Document”)

The New Green Capital Securities were issued under a total framework of SEK 450 million, carries a floating interest rate of 3m Stibor + 550 basis points and has no fixed maturity date with a first call date four years after the first issue date. Genova intends to apply for admission to trading of the New Green Capital Securities on the sustainable bond list of Nasdaq Stockholm.

The Tender Information Document is available on the following link: https://genova.se/investors/bonds/.

ABG Sundal Collier AB and Nordea Bank Abp have acted as arrangers and joint bookrunners in respect of the issuance of the New Green Capital Securities and as dealer managers for the Tender Offer. Gernandt & Danielsson Advokatbyrå KB have acted as legal advisor.

For further information, please contact:

CEO, Michael Moschewitz, mobile +46 (0)70-713 69 39, [email protected]

About Genova

Genova Property Group AB (publ) is a modern property company with a personal touch that owns, manages and develops properties with focus on Greater Stockholm area and Uppsala Region. On 30 June 2024, the value of the company's property portfolio amounted to approximately SEK 9.5 billion with a lettable area of approximately 340,000 sqm and the company held approximately 9,344 building rights for residential units. Genova's share has been listed on Nasdaq Stockholm since 2020.

Genova – Smålandsgatan 12 – SE-111 46 Stockholm – www.genova.se