The Executive Board und Supervisory Board of IMMOFINANZ have issued supplementary statements on the announcement by CPI Property Group SA (CPIPG) of the increase in the offer price to EUR 23.00 per share (cum dividend) and increase in CPIPG’s investment in IMMOFINANZ to roughly 48.18% through the purchase of shares from S IMMO AG.

The Executive Board und Supervisory Board still view the improved offer price as too low given the successful development of IMMOFINANZ and the current value of the company.

Moreover, the offer price does not include an appropriate control premium in connection with CPIPG’s intention to attain control over IMMOFINANZ.