Amsterdam, 25 August 2017 - Geneba Properties N.V. (“Geneba” or the “Company”) today announces that its majority shareholder, Frasers Property Investments Holland B.V. (“Frasers Property”), has crossed the threshold of 95% of Depositary Receipts in Geneba (the “DRs”).

Frasers Property launched a one-time all-cash offer for the remaining 13.44% of DRs in Geneba at a price of EUR 3.74 per DR (the “Offer Price”) on 4 August 2017 (the “One-time Offer”), after it had already acquired the 86.56% stake in Geneba from Catalyst RE Coöperatief U.A. (“Catalyst”) on 5 July 2017.

The deadline for accepting the offer is 8 September 2017, 17:00 CET.

With a stake of more than 95% in Geneba, Frasers Property is entitled to commence the buy-out procedure as described in article 2:92a of the Dutch Civil Code, to acquire all Depositary Receipts in Geneba. Furthermore, Geneba will terminate the listing agreement with NPEX.