As already disclosed in the Offering Circular of the initial public offering (IPO) of Investis Holding SA (the “Company”, together with its subsidiaries “Investis”), a leading residential property company in the Lake Geneva region and a national real estate services provider, the Company has intended to use a part of the net proceeds from the IPO to acquire the 49% minority stake in Investis Patrimoine SA and to repay a loan payable by Investis Patrimoine SA. On 21 July 2016, Investis Investments SA (a subsidiary of the Company) has signed and closed a share purchase agreement according to which it has acquired the minority stake for CHF 30.8 million. In addition, it has paid CHF 10.6 million for the loan payable by Investis Patrimoine SA. The total consideration for the minority stake buyout and the loan repayment hence amounts to CHF 41.4 million.