Press Release Prelios Sgr - Tecla Fondo Uffici - The Process of Disposing of the Fund’s Residual Property Portfolio Continues

Feb 09 2017

Milan, 09 February 2017 - With regard to the process of disposing of the residual property portfolio of the “Tecla - Fondo Uffici” fund (the “Fund”), the Board of Directors of Prelios SGR S.p.A. (the “SGR”)  - following a review and analysis of the conditional offers received and notwithstanding every other possible initiative in the interest of the Fund’s investors - met today and resolved to pursue negotiations with the international institutional value added investor that submitted a conditional offer to purchase the remaining properties owned by the Fund for a total price of 125,000,000 Euro, net of VAT and accessory charges.

The SGR will provide the market with timely updates of every future development surrounding the disposal of the Fund’s residual property portfolio. All the required information can be found on the dedicated website www.fondotecla.com.

With regard to the process of disposing of the residual property portfolio of the “Tecla - Fondo Uffici” fund (the “Fund”), the Board of Directors of Prelios SGR S.p.A. (the “SGR”)  - following a review and analysis of the conditional offers received and notwithstanding every other possible initiative in the interest of the Fund’s investors - met today and resolved to pursue negotiations with the international institutional value added investor that submitted a conditional offer to purchase the remaining properties owned by the Fund for a total price of 125,000,000 Euro, net of VAT and accessory charges.

The SGR will provide the market with timely updates of every future development surrounding the disposal of the Fund’s residual property portfolio. All the required information can be found on the dedicated website www.fondotecla.com.