Cibus

• Capital increase via Accelerated Bookbuild Offering of 5.8 million new shares by Cibus, generating  gross proceeds of c. SEK 1 billion
• The shares were placed at an issue price of SEK 172.60 per share, representing a premium of 24.7% to the last reported EPRA NTA and a discount of only 3% vis-á-vis the last closing price prior to the announcement of the transaction. Therewith, this pricing represents the tightest discount in Swedish real estate capital increases year to date
• The bookbuild was launched following a market sounding exercise, which resulted in visibility on indications of interest well in excess of the total deal size prior to launch, with demand from long-only investors only already covering the deal
• The order book was covered within 15 minutes post launch and the final order book was multiple times covered with well over 100 investors. The majority of shares was allocated to market sounded specialist and long-only investors as well as existing shareholders
• With c. 75% of the shares being allocated to international investors, this capital increase further internationally diversifies Cibus’ shareholder base
• Cibus intends to use the net proceeds to finance future acquisitions of single assets and property portfolios in its existing markets and to repay the remaining subordinated loans of €12.2 million related to the acquisition of Forum Estates in January 2025
• This transaction underpins Van Lanschot Kempen’s ability to achieve attractive pricing for fast-growing European real estate companies in successful equity capital market issuances

This transaction underpins our leading position in the European Real Estate sector. In the last twelve months, Van Lanschot Kempen has successfully completed multiple European Real Estate transactions, including:

• €508 million acquisition of Forum Estates by Cibus
• €1.3 billion reverse merger of Vastned Retail with Vastned Belgium
• c. €120 million sale of a Student Experience PBSA asset for Rinkelberg Capital to Ardian and Rockfield
• €80 million Accelerated Bookbuild Offering by Xior Student Housing
• €423 million portfolio sale by Adler Group to OCP and OneIM
• €219 million sale of 62.78% stake in Brack Capital Properties by Adler Group to LEG
• €154 million Rights Issue by Montea
• SEK 1.1 billion Accelerated Bookbuild Offering by Swedish Logistic Property
• SEK 5.2 billion Accelerated Bookbuild Offerings by Catena
• €750 million extension of credit facilities by Amvest
• €921 million Accelerated Bookbuild Offering by Merlin Properties