Mobimo Holding AG

EQS-Adhoc: Mobimo AG completes the acquisition of a majority interest in Dual Real Estate Investment SA



EQS Group-Ad-hoc: Mobimo Holding AG / Key word(s): Miscellaneous
Mobimo AG completes the acquisition of a majority interest in Dual Real Estate
Investment SA

13.11.2015 / 17:40
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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P r e s s   r e l e a s e

Mobimo AG completes the acquisition of a majority interest in Dual Real Estate
Investment SA

Lucerne, 13 November 2015 - Mobimo Holding AG ("Mobimo") has finalised the
agreement with Dual Holding SA and acquired its majority interest of some 73% in
Dual Real Estate Investment SA ("Dual"). Mobimo has also reached agreements for
the purchase of shares from other Dual shareholders wishing to sell their
holdings and will thus likely hold more than 90% of the company's shares by the
end of November. At an extraordinary general meeting of Dual on 9 December 2015,
a new Board of Directors is to be appointed and KPMG is to be elected as the
future auditor. The operational team of Dual will remain in Geneva and will be
managed from the Mobimo office in Lausanne.

Entry into the Geneva real estate market Dual invests successfully in
residential properties and in mixed-use properties in the low and medium rental
brackets in the Canton of Geneva. 82% of its rental income comes from
residential use, and its 27 properties have an estimated fair value of CHF 229.4
million as at 30 June 2015. Dual's strategy focuses on residential property with
good scope for rent increases and on the long-term preservation, management and
continuous maintenance of the properties that it lets. The Geneva real estate
market features a very low new-build rate relative to the demand for new
apartments, which results in a consistently high need for residential property.
Mobimo has successfully established itself in French-speaking Switzerland since
its merger with LO Holding Lausanne-Ouchy S.A. in 2009.

Extraordinary general meeting of Dual on 9 December 2015 At an extraordinary
general meeting of Dual on 9 December 2015, the CEO and CFO of Mobimo, Christoph
Caviezel and Manuel Itten, are to be elected to the Board of Directors. The
existing four Board members, Alain Duménil, Michel Réthoret, Stefano Cervone and
Patrick Engle, have stepped down from the Board as of today. The fifth current
Dual Board member, Roland Vögele, will continue to represent the concerns of
minority shareholders.  A vote will also be held on KPMG becoming the new
auditor. KPMG is already the auditor of Mobimo.

For further information, contact:
Dr Christoph Caviezel, Mobimo CEO
Tel: +41 44 397 11 86
E-mail: ir@mobimo.ch

About MOBIMO
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on the
SIX Swiss Exchange since 2005. The Mobimo Group has an attractive portfolio mix
of investment properties that provide stable income and development properties
offering extensive value enhancement potential. Investments are made in
promising locations, mainly in the economic areas of Zurich and Lausanne/Geneva,
together with those of Basel, Lucerne/Zug, Aarau and St. Gallen. With a property
portfolio that has an overall value of around CHF 2.5 billion, Mobimo is one of
the leading real estate companies in Switzerland. The pipeline includes
development properties for the company's own portfolio with an investment volume
of CHF 0.9 billion (as at 30 June 2015). Further information can be found at
www.mobimo.ch.

About Dual Real Estate Investment SA
Dual Real Estate Investment SA (DREI) was established in autumn 2012 and has
been listed on the Berne eXchange since 28 January 2013. Its portfolio comprises
mainly residential properties in the Canton of Geneva. The 27 properties were
bought between 2003 and 2010 and represent an estimated fair value of CHF 229.4
million (as at 30 June 2015). Further information can be found at
www.dreinvest.ch.

End of ad hoc announcement

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13.11.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news archive:
http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.
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412889  13.11.2015
 



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