Peach Property Group plans bond issue to raise up to 50 million euros

• 6.6% p.a. coupon; five-year term
• Issuer is Peach Property Group (Deutschland) GmbH
• Proceeds to finance growth in Germany
• Subscription period (without accrued interest) 4 to 15 July 2011

6 July 2011 – Peach Property Group, a leading developer of high-quality residential property in German-speaking Europe, is planning to issue a corporate bond on the German capital market. With volume up to EUR 50 million, the bond will pay interest of 6.6% per annum over a five-year term. Issuer is the Group’s German subsidiary, Peach Property Group (Deutschland) GmbH.

The funds raised by the loan are to be used to support the company’s future growth on the German market. The main emphasis is on financing existing and new projects, building up portfolio properties and optimising the structure of the company’s finance. CEO Thomas Wolfensberger comments: “Peach Property Group has established itself in Germany as a major provider of top-quality properties. We know this market and discern attractive potential here – both for project development and for building up a portfolio of existing properties with good returns. The proceeds of the bond will lay the foundation for us to tap this potential.”

BaFin, the German federal financial supervisory authority, approved the bond issue on 1 July 2011. The subscription period, in which accrued interest is not payable, runs from 4 to 15 July 2011. The bond is being placed jointly with ACON Actienbank as structuring partner and will be listed on the German stock exchange’s open market. Full information on the bond, including prospectus, is available at www.peachproperty.com/bond

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