Nasdaq OMX Copenhagen A/S

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Charlottenlund, August 14, 2024

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Announcement no. 261

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Value adjustment of properties

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The company's board of directors has assessed the German real estate portfolio of the German High Street Properties group at EUR 89.5 million as of June 30, 2024, resulting in a negative value adjustment of EUR 1,5 million in the 2nd quarter 2024 compared to the most recent property value as of December 31, 2023.

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The total negative value adjustment in the financial report for the period January 1, to June 30, 2024, is thus EUR 1.5 million.

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German property valuation since 31.12.2021:

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German properties valuation EUR 100.7 million as of 31.12.2021

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German properties valuation EUR 99.2 million as of 30.09.2022

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German properties valuation EUR 96.0 million as of 31.12.2022

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German properties valuation EUR 93.0 million as of 31.09.2023

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German properties valuation EUR 91.0 million as of 31.12.2023

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‍German properties valuation EUR 89.5 million as of 30.06.2024

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The reason for the decrease in property value in 2nd quarter of 2024 is a combination of increasing yield requirement on German high street properties, along with a significant slowdown in the number of property transactions.

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Any questions can be directed to the undersigned on +45 8110 0800.

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Sincerely,

German High Street Properties A/S

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Hans Thygesen

Chairman of the Board