EQS Group-Ad-hoc: Mobimo Holding AG / Key word(s): Miscellaneous
2015-11-13 / 17:40
Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------

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

---------------------------------------------------------------------
2015-11-13 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.
---------------------------------------------------------------------

412889 2015-11-13