Details on the issue of the Credit Suisse Real Estate Fund LogisticsPlus

The capital increase for the Credit Suisse Real Estate Fund LogisticsPlus (CS REF LogisticsPlus) envisaged in the media release of June 7, 2022, will be implemented. In view of the issue, independent valuation experts have re-valued the fund's real estate portfolio with respect to the time of payment. Changes in value from ongoing construction projects and renovations as well as acquisitions and sales of properties were taken into account. Together with the current yield, this results in a new net asset value of CHF 105.60 per unit as of September 16, 2022. The issue price is CHF 108.00 net per new unit and includes an issue commission of 2.5%.

The issue will be carried out on a commission basis ("best-effort basis") within the framework of a public rights offering in Switzerland. One subscription right will be allocated to each existing unit. Seven subscription rights entitle the holder to subscribe to one new unit at the issue price of CHF 108.00 net. Official subscription rights trading will take place on the SIX Swiss Exchange from August 29 to September 7, 2022. A maximum of 1,000,000 new units will be issued. Unsubscribed units might not be issued, which could change the issue amount. On September 14, 2022, the effective number of new units to be issued will be announced and the payment will take place on September 16, 2022. The proceeds of the issue will be used for the further expansion and diversification of the existing real estate portfolio.

The CS REF LogisticsPlus is the first Swiss real estate fund to invest specifically in logistics and logistics-related real estate in Switzerland. Its investment objective mainly involves the long-term creation and preservation of asset value and the distribution of appropriate returns. The circle of investors is not restricted.

Credit Suisse Asset Management (Switzerland) Ltd.
Credit Suisse Asset Management (Switzerland) Ltd. forms part of the Asset Management division of Credit Suisse Group. Asset Management manages assets of over CHF 427.0 billion worldwide (as of June 30, 2022). Based on the global market presence of Credit Suisse Group, Asset Management offers active and passive solutions for traditional and alternative investments as well as dedicated product expertise in Switzerland, EMEA, APAC, and the Americas. Sustainability is a high priority. We offer a wide selection of active and passive investment funds that are aligned with the Credit Suisse Sustainable Investment Framework or replicate a sustainable index. With that in mind, we have different approaches where environmental, social, and governance criteria (ESG criteria) are used at various points in the investment process.


Contact:
Credit Suisse AG
+41 844 33 88 44
media.relations@credit-suisse.com

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