CORESTATE Capital S A : Earnings Report (20260825 CCHSA Q2 2026 Update ADL and SSN final)

About this update from Corestate Capital Holding Sa

PUBLICATION OF QUARTERLY STATEMENT AS OF 30 JUNE 2026 (PART 1) UPDATE ON ASSET DISPOSAL PROGRAM AND SUPER SENIOR NOTES 25 August 2026 LETTER TO OUR SHAREHOLDERS AND NOTEHOLDERS Dear shareholders and noteholders, ladies and gentlemen, Corestate Capital Holding S.A. ("Corestate") is providing an update on the implementation of its asset disposal program and the resulting repayment schedule for the Super Senior Notes. Compared with the planning presented in the Q1 2026 reporting, the timing and expected volume of several asset disposals have changed. As a result, the further partial redemption of the Super Senior Notes originally planned for August 2026 will not take place as anticipated. Asset Disposal Program Expected disposal proceeds for 2026 have been revised from € 61.8 million to € 46.5 million. This adjustment mainly reflects the postponement of anticipated proceeds of € 10.1 million from Corestate Opportunity Deutschland from 2026 to 2027 as well as price adjustments of € 5.0 million relating to other financial instruments. Corestate received from Giessen € 11.1 million in Q2 and an additional € 2.1 million in Q3. In Q3, Corestate also generated € 6.6 million from other financial instruments. These transactions represent further progress in the implementation of the asset disposal program. Expected disposal proceeds for 2027 have increased by € 4.6 million to € 69.3 million. The timing shift of € 10.1 million relating to Corestate Opportunity Deutschland is partly offset by a negative valuation effect of € 1.1 million and further negative valuation adjustments of € 4.5 million relating to other financial instruments. Overall, expected proceeds from the asset disposal program through the end of 2027 have decreased by € 10.7 million, or 4.8%, from € 223.0 million to € 212.3 million. Repayment of the Super Senior Notes As part of its Q1 2026 reporting, Corestate had announced partial redemptions of the Super Senior Notes for June and August 2026. Relevant Proceeds of € 11.1 million were available as of 30 June 2026. Following interest payments of approximately € 6.3 million under the Group's financing arrangements, the remaining proceeds were used for a partial redemption of approximately € 4.8 million of the Super Senior Notes, which was completed on 17 July 2026. Corestate did not elect to make a Minority PIK Interest Payment. Due to the revised timing and lower volume of expected disposal proceeds, the additional partial redemption originally planned for August 2026 will not take place as anticipated. UPDATE ON ASSET DISPOSAL PROGRAM AND SUPER SENIOR NOTES 2 LETTER TO OUR SHAREHOLDERS AND NOTEHOLDERS The repayment schedule has therefore been adjusted to reflect the updated asset disposal planning. Full repayment of the approximately € 22.7 million remaining on the Super Senior Notes is now planned for the end of 2026. Corestate remains committed to implementing its asset disposal program in a value-preserving manner and to applying future disposal proceeds to the repayment of outstanding notes liabilities in accordance with the notes documentation. We thank our shareholders and noteholders for their continued trust and support. Luxembourg, 25 August 2026 Dr. Nedim Cen Chief Executive Officer and Chief Financial Officer 3 3 UPDATE ON ASSET DISPOSAL PROGRAM AND SUPER SENIOR NOTES ASSET DISPOSAL PROGRAM 2023 - 2027 (08/2026) Available asset run-off until 2026 remains almost unchanged by making use of portfolio measures Comparison of 03/2026 & current asset disposal plans The restructuring opinion foresaw total asset disposals in the total amount of € 252.2m / € 202.6m until 2026; based on the actual update, those values decreased to € 212.3m / € 143.0m. 2023: € 29.3m successfully monetized in 2023. 2024: € 38.9m successfully monetized in 2024. This includes the sale of CRM/ Apartments for € 12.1m. Monetization of investments of Corestate Opportunity Fund/ COD I are delayed into 2025, 2026 and 2027. 2025: Sales declined to € 28.3m, mainly Stratos II and IV due to legal disputes. The sale of the property in Liverpool (€ 15.8m) and STAM (€ 7.8m) are included in 2025. Further step-down is based on the postponement of several projects (mainly Mezz-Loan CCS and Giessen) until 2026. 2026: Sales have decreased from € 61.8m to € 46.5m mainly due to timing shifts from 2026 to 2027 of Corestate Opportunity Deutschland (COD) € 10.1m and price adjustments of other financial instruments of € -5.0m. € 13.2m from Giessen and € 6.6m from other financial instruments have already been received. 2027: Sales increased by € 4.6m, mainly driven by COD timing shift € 10.1m, partly offset by valuation effect € -1.1m and additional valuation effects of other financial instruments € -4.5m. 4 UPDATE ON ASSET DISPOSAL PROGRAM AND SUPER SENIOR NOTES 12 MONTH LIQUIDITY FORECAST - 2026 / 2027 Liquidity FC shows timing shifts in cash events, CC's repayment plans are overall on track Act Forecast €m/year 2026 2027 Month Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Balance Beginning 11,1 4,8 4,1 8,9 14,2 14,2 19,8 7,8 7,8 7,8 20,5 20,5 ADL (Asset disposal list) Asset Sales Principal Repayment thereof Interest thereof Redemption npfuSrtehoiorNote neSeRioreoNhteforinstated(2022/2023) 11,1 4,1 4,9 5,3 5,6 15,5 7,8 12,6 9,9 -6,3 -4,8 -35,3 -20,5 -6,3 -0,0 -6,1 -7,1 -4,8 -29,2 -13,4 -4,8 -22,7 -6,6 -13,4 Balance Ending 11,1 4,8 4,1 8,9 14,2 14,2 19,8 7,8 7,8 7,8 20,5 20,5 9,9 Operating liquidity - CCHSA Group incl. Subsidiaries 10,4 5,8 8,8 7,4 2,8 4,4 9,2 10,4 11,0 9,0 8,4 8,0 7,4 6,4 5,2 5,2 Key assumptions Liquidity plan has been derived by management and is based on a direct liquidity forecast for each legal entity/ subgroup prepared by CORESTATE Controlling The starting balance € 10.4m represents operating liquidity for the Group incl. subsidiaries as per end of March 2026 plus "trapped/restricted" cash of € 4.7m. Key Developments (main cash-in events from Asset Disposal) Q2, 2026: Mainly driven by sale of a warehousing asset (1 st appr. € 11.5m) by end of June, partly offset by pre-financing fees (appr. € -0.4m). Q3, 2026: From the sale of a warehousing asset (2 nd / 3 rd payment: appr. € 7.4m, € 2.1m of which has already been received) and the sale of other financial instruments (appr. € 6.9m, already received € 6.6m) by end of September 2026. Q4, 2026: Mainly driven by the partial sale of warehousing asset (appr. € 4.0m) and sale of other financial instruments (appr. € 17.1m) by end of December. Q1 / Q2, 2027: Driven by sale of other financial instruments (appr. € 7.8m / appr. € 22.5m) respectively. 5 UPDATE ON ASSET DISPOSAL PROGRAM AND SUPER SENIOR NOTES DISCLAIMER Any actual financial information not specifically identified herein is not to be considered a forecast or guidance but should be regarded as objectives. This presentation contains forward-looking statements that are subject to various risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, as well as uncertainties and contingencies that may change. Actual results can differ materially from those anticipated in the forward-looking statements of CORESTATE Capital Holding S.A. (the "Company" or "CCHSA") as a result of a variety of factors, including, but not limited to, general economic conditions, impacts from developments in the German and European real estate markets or changes in the Company's investment structure, many of which are beyond the Company's control and include those set forth from time to time in the Company's press releases and reports as well as in its analyst and investor calls and discussions. The Company does not assume any obligation to update the forward-looking statements contained in this presentation. This presentation does not constitute an offer to sell or a solicitation or offer to buy any securities of the Company, and no part of it shall form the basis of or may be relied upon in connection with any offer or commitment whatsoever. It is presented solely for information purposes and is subject to change without notice. UPDATE ON ASSET DISPOSAL PROGRAM AND SUPER SENIOR NOTES 6

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