EQS-News: Baloise Swiss Property Fund: planned capital increase for the acquisition of a property portfolio

Basel, 18 June 2021. The fund management company is examining the purchase of a property portfolio with a market value of around CHF 185.2 million for the Baloise Swiss Property Fund. In order to finance this transaction, the fund management company intends to carry out a capital increase and use external capital.

The Baloise Swiss Property Fund, a contractual investment fund that falls into the 'real estate fund' category for qualified investors pursuant to section 10 (3) and (3^ter) of the Swiss Collective Investment Schemes Act (CISA), was successfully launched on 1 October 2018. Since its inception, the real estate fund has been developed on an ongoing basis. As at 31 March 2021, the fund comprised 56 properties with a total market value of CHF 618.5 million.

In order to further promote the growth of the Baloise Swiss Property Fund, the fund management company intends to purchase 17 properties with an aggregate value of CHF 185.2 million from Baloise Insurance Ltd and Baloise Life Ltd for the fund. The transaction was approved by the Swiss Financial Market Supervisory Authority (FINMA) on 9 June 2021 in accordance with section 63 (4) CISA in conjunction with section 32a CISO.

Plans for the financing of this property portfolio acquisition involve the issuance of new fund units and the use of external capital in August/September 2021. The acquisition of the portfolio provides an opportunity for the investors of the Baloise Swiss Property Fund to benefit from broader diversification. It comprises a total of 17 core/core plus properties across Switzerland. The properties are situated in high-quality locations and offer excellent stability in terms of earnings and value. Residential properties make up 83 per cent of the portfolio.

Indicative key data of the capital increase

Subscription period: 10 August 2021 to 19 August 2021

Publication of terms of issue: Second half July 2021

Publication of issue prospectus: Early August2021

Subscription payment deadline: 1 September 2021

Approximate issue volume: CHF 130-140 million

The exact terms of the placement will be announced at a later date.

Further information on the 17 portfolio properties and the capital increase can be found on the Swiss Fund Data website and on the Baloise Swiss Property Fund's website.

Fund information

Name: Baloise Swiss Property Fund

Swiss securities no. / ISIN: 41455103 / CH0414551033

Fund currency: Swiss francs

Appropriation of income: Distribution

Legal form: Contractual investment fund

Group of investors:

Restricted to qualified investors within the meaning of article 10 (3) and (3^ter)

of the Swiss Collective Investment Schemes Act (CISA)

Fund management/portfolio management company: Baloise Asset Management AG, Basel

Custodian bank: UBS Switzerland AG, Zurich

OTC trading: Bank J. Safra Sarasin AG, Zurich

Inception date: 1 October 2018

Contact

Baloise Group, Aeschengraben 21, 4002 Basel, Switzerland

Website: www.baloise.com

Email: [email protected] / [email protected]

Media Relations: Tel: +41 (0)58 285 8212

Investor Relations: Tel: +41 (0)58 285 8181

The Baloise Group is more than just a traditional insurance company. The changing security, safety and service needs of society in the digital age lie at the heart of its business activities. The approximately 7,700 employees of Baloise therefore focus on the wishes of their customers. The best possible customer service, combined with innovative products and services, makes Baloise the first choice for people who want to feel simply safe. Located at the heart of Europe, with its head office in Basel, the Baloise Group is a provider of prevention, pension, assistance and insurance solutions. Its core markets are Switzerland, Germany, Belgium and Luxembourg. In Switzerland, with Baloise Bank SoBa, the Group also operates as a specialised financial services provider, offering a combination of insurance and banking services. The Group offers innovative pension products to private customers throughout Europe from its competence centre in Luxembourg. The shares of Bâloise Holding Ltd are listed in the main segment of SIX Swiss Exchange.

Disclaimer:

This notification is intended for information purposes only and constitutes neither an offer or recommendation to subscribe to or redeem fund units nor an offer or recommendation to purchase or sell financial instruments or banking services. It is explicitly not directed at persons who are prohibited from accessing such information under applicable legislation based on their nationality or place of residence. Sending or taking this document or any copy thereof to the United States as well as passing on the document or any copy thereof within the United States or to a US person (as defined by Regulation S of the US Securities Act of 1933 as amended) is prohibited. Please note that past performance is not an indication of current or future performance and that performance data does not reflect fees and costs charged for the issuance and redemption of fund units. This document is not a substitute for personal advice. No liability is accepted for the information in this document being accurate, complete or up to date. The fund management company does not offer any guarantee in relation to the content of this document and its completeness and does not accept any liability for losses resulting from use of the information contained herein. In particular, recipients are advised to carefully consider the compatibility of the information with their individual personal circumstances and assess any legal, regulatory, tax-related and other implications, consulting an adviser as necessary. The Baloise Swiss Property Fund is a contractual investment fund under Swiss law that falls into the 'real estate fund' category and is designed exclusively for qualified investors within the meaning of article 10 (3) and (3ter) of the Swiss Collective Investment Schemes Act (CISA). Purchases of or subscriptions to fund units are based exclusively, and with binding effect, on the current fund contract and the most recent annual report. This document does not constitute a prospectus as defined by article 35 of the Swiss Financial Services Act (FinSA) and articles 27 et seq. of the listing rules of SIX Swiss Exchange AG.

The fund contract including attachments and the annual report can be requested free of charge from the fund management company (Baloise Asset Management AG, Aeschengraben 21, 4051 Basel, Switzerland) or from the custodian bank (UBS Switzerland AG, Bahnhofstrasse 45, 8001 Zurich, Switzerland).