Investment agreement and takeover offer

Dear shareholders,

Atlantic BidCo GmbH’s (“Atlantic BidCo”) voluntary public takeover offer for Aareal Bank AG has been successfully completed, as announced by the Bidder on 7 June 2023.

Atlantic BidCo had secured around 84 per cent of Aareal Bank shares at an offer price of €33.00 per share in the course of a voluntary public takeover offer last year. At completion of the takeover bid, the Bidder now owns around 90 per cent of the share capital and voting rights of Aareal Bank AG.

Atlantic BidCo is indirectly held by funds controlled, managed or advised by Advent International Corporation and Centerbridge Partners as well as CPP Investment Board Europe S.à.r.l., a wholly-owned subsidiary of Canada Pension Plan Investment Board (“CPP Investments“) and other minority co-investors.

Bidder press release dated 7 June 2023

Further Information:

Investment Agreement and takeover offer November/December 2021

Atlantic BidCo GmbH (the “Bidder”), a bidder company held indirectly by financial investors Advent International Corporation and Centerbridge Partners, L.P. as well as other co-investors – including the Canada Pension Plan Investment Board (CPPIB) – announced on 4 February 2022 that its voluntary public takeover offer for all shares in Aareal Bank AG was not successful:

Please see below for more information on the course of the voluntary public takeover offer: