Ad hoc announcement pursuant to Art. 53 LR Novavest Real Estate AG – Shareholder requests to convene Extraordinary General Meeting

Media release, 13 November 2024

Ad hoc announcement pursuant to Art. 53 LR

NOVAVEST Real Estate AG - Shareholder requests to convene Extraordinary General Meeting

CACEIS (Switzerland) SA, acting on behalf of the investment fund MV Immoxtra Schweiz Fonds, which holds 15.24% of the capital of Novavest Real Estate AG, has requested that an Extraordinary General Meeting of Novavest Real Estate AG (SIX Swiss Exchange: NREN) be held with the intention to remove three elected members of the five current members of the Board of Directors (Thomas Sojak, Stefan Hiestand, Daniel Ménard) as well as Thomas Sojak as Chairman of the Board of Directors and Daniel Ménard as member of the Compensation Committee. Instead of them, CACEIS (Switzerland) SA proposes the election of three new members to the Board of Directors (Cyrill Schneuwly incl. Chairman, Ueli Kehl incl. member of the Compensation Committee, Roland Vögele) and further requests amendments to the capital band under Article 3a of the Articles of Association. CACEIS (Switzerland) SA justifies its proposal mainly with the unsatisfactory share price performance of Novavest Real Estate AG.

The Board of Directors of Novavest Real Estate AG will examine the shareholder request and comment on it in due course and provide information on the further procedure.

Contact:

Peter Mettler

CEO

NOVAVEST Real Estate AG

Feldeggstrasse 26

8008 Zurich

+41 (0)44 276 40 40 info@novavest.chwww.novavest.ch

NOVAVEST Real Estate AG

www.novavest.ch

NOVAVEST Real Estate AG is a Swiss real estate company based in Zurich. It focuses its activities on the management and development of properties used exclusively for residential purposes (rental apartments) and living space for the elderly generation (senior residences, care facilities), and properties for office and commercial use as well as new building projects in all these segments. The share of rental income from residential use shall strategically account for at least 50% of total target rental income. The real estate portfolio comprises properties throughout Switzerland that are, in terms of purely residential properties, located in cities or conurbation areas and/or with good public transport links and easy access by private motor vehicles. For senior residences and care facilities, the properties can be located either in urban or in rural regions of Switzerland. The registered shares of the company are listed on the SIX Swiss Exchange (Ticker NREN, Valor 21218624, ISIN CH0212186248).

Disclaimer

This media release serves information purposes only. It does not constitute a prospectus within the meaning of the Swiss Financial Services Act (FIDLEG) or the listing rules of the SIX Swiss Exchange. It does not constitute an offer or invitation to buy or sell shares in NOVAVEST Real Estate AG or to purchase or sell other financial instruments or services. This media release may contain certain forward-looking statements, e.g. statements using words such as "believe", "assume", "expect", "plan" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual events, financial condition, development or performance of the Company and those expressed or implied by such forward-looking statements. Against the background of these uncertainties, readers should not rely on such forward-looking statements. The Company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments. This media release and the information contained herein may not be distributed or transmitted into the United States of America (USA) or distributed or transmitted to US persons (including legal entities) or to publications with a general circulation in the USA. Shares in NOVAVEST Real Estate AG are not being offered for sale in the USA or to US persons.