Züblin Immobilien Holding AG – Resolutions of the Annual General Meeting

Zürich, 27. Juni 2025

At the 36th Annual General Meeting on 26 June 2025, a total of 2'948'836 votes were represented (88.9% of the share capital). The Annual General Meeting supported the majority of the Board of Directors' proposals:

• The 2024/25 Annual Report and the 2024/25 Compensation Report were approved, and the auditor's reports were acknowledged.

• The deletion without replacement of Art. 23 of the Articles of Association regarding capital reserves and retained earnings was approved.

• The retained loss is carried forward to the new account.

• The proposals for a tax-free distribution of CHF 1.00 per registered share and CHF 1.30 per registered share from the statutory capital contribution reserve were declined.

• The members of the Board of Directors and the Executive Board were discharged from liability for their activities in the 2024/25 financial year.

• The following members were elected to the Board of Directors Dr Markus Wesnitzer (to date), Nicolas Gross (to date), Yves Rossier (to date), David C. Schärli (to date). Not elected to the Board of Directors: Marc Zollinger (new), Alexandra Karachurina (new) and Dr Jürg Wyser (new).

• Dr Markus Wesnitzer was elected Chairman of the Board of Directors.

• Dr Markus Wesnitzer (previously), Nicolas Gross (previously) and Yves Rossier (previously) were elected to the NCC.

• Adtrexa AG was elected as the independent proxy.

• SWA Swiss Auditors AG was elected as the auditors.

• The maximum compensation of the Board of Directors and the Executive Management until the next AGM was approved.

The term of office of all elected representatives is one year and ends at the next Annual General Meeting in 2026.

Further information:

Philippe Brändle, CEO

Züblin Immobilien Holding AG, Hardturmstrasse 76, 8005 Zürich Tel. +41 44 206 29 39 E-Mail: investor.relations@zueblin.ch

Further information also available at https://www.zueblin.ch

Resolutions of the 36th ord. AGM - Züblin Immobilien Holding AG

INVITATION

to the 36th ordinary Annual General Meeting of Shareholders of Züblin Immobilien Holding AG

Thursday, 26 June 2025, 10.00 a.m. (doors open at 09:30 a.m.) METROPOL, Grosser Saal, Fraumünsterstrasse 12, 8001 Zurich/Switzerland

Agenda items at a glance

1. Approval of the Annual Report 2024/25, Auditors' Report and Compensation Report

   1. Approval of the annual report 2024/25 (consisting of the annual report, the financial statements of the company

      and the consolidated financial statements of the group) and acknowledgement of the auditors' reports

   2. Advisory vote on the compensation report for the business year 2024/25 (non-binding)

2. Amendments of the Articles of Association
3. Appropriation of balance sheet loss
4. Distribution from capital reserves
5. Discharge of the members of the Board of Directors and the Executive Management
6. Elections

   1. Election of the members of the Board of Directors

   2. By-elections to the Board of Directors

   3. Election of the Chairman of the Board of Directors

   4. Election of the members of the Nomination, Compensation & Corporate Governance Committee (NCC)

   5. Election of the Independent Proxy

   6. Election of the Auditors

7. Compensation

   1. Compensation of the Board of Directors

   2. Compensation of the Executive Management for the business year 2026/27

This English translation is for information only.

Legally binding is the original German invitation available on the company's website https://www.zueblin.ch.

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LETTER TO OUR SHAREHOLDERS

Dr. Markus Wesnitzer

Chairman of the Board

Dear Shareholders, Ladies and Gentlemen

Financial year 2024/25 was a successful one for Züblin. Net rental income rose significantly as a result of new lettings, while lower interest rates had a positive impact on the revaluation of our properties and on financial expenses. Active property management will remain an important determinant of the company's success in the new financial year.

Target rents increased by 1.6% year-on-year to CHF 10.2 million (previous year: CHF 10.0 million). This was primarily attributable to the indexation of a high proportion of our rental contracts and the resulting adjustments to rents due to inflation. Successful new lettings and re-lettings, in particular the new letting of the first floor of the property in Berne from July 2024, reduced the vacancy rate by 24.7% to CHF 0.7 million (previous year CHF 0.9 million). The vacancy rate stood at 4.8% at the reporting date (previous year: 9.3%), a reduction of 48% or 4.5 percentage points. Rental income rose by 4.3% to CHF 9.4 million (previous year CHF 9.0 million).

The impairment of an outstanding rent receivable and associated legal costs led to an increase in property expenses. Excluding this one-off effect, property expenses would have declined by 13.6% year-on-year. Lower energy costs and higher expenses passed on to tenants led to lower heating and ancillary costs. Ongoing maintenance costs were at the previous year's level. Despite the aforementioned one-off effect from the writedown of outstanding rent receivables, the operating result increased by 2.1% to CHF 8.8 million (previous year CHF 8.6 million).

Administrative expenses increased by CHF 0.1 million due to higher investor relations costs (which are normally listing-related) as a result of the mandatory amendment of the Articles of Association and the associated legal advisory expenses. The slight increase in personnel expenses compared to the previous year was due to the

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