Noval Property: The trading of its bonds starts on December 7th

The Board of Directors of Noval Property announces that the proceeds of the Public Offering from the issuance of the Joint Bond Loan (the “Issue”) amount to € 120 million. The issuance costs are estimated at approximately € 3.8 million (including VAT). A.) and will be deducted from the total raised funds of the Issue.

The funds raised, less the estimated issuance costs, will amount to net amount of approximately € 116.2 million.

The total net raised funds will be used as follows, starting from the date of commencement of trading of the Bonds in the Regulated Market of the Athens Stock Exchange:

(i) Amount of € 5.33 million. (including this amount of interest) will be available within ninety (90) days from the Date of Issue for the full repayment of the Issuer’s bond loan with EUROBANK from 23.07.2020.

This loan is related to the completion of an office building in Chalandri, “THE BUTTERFLY” with LEED v4 for Core & Shell – Gold certification.

In the event that on the date of payment of the full repayment amount of the said loan the amount paid is lower than the above amount, then the amount distributed under (iii) will be increased accordingly.

(ii) An amount of € 12.45 million will be used to repay the loan. More specifically, an amount of € 6.78 million (including the said amount of interest) will be available within three hundred and sixty (360) days from the Issue Date for the full repayment of the Issuer’s 21,000.2015 bond loan with ALPHA BANK and amount up to € 5.67 million (including the said amount of interest) for the partial repayment of the 29.07.2014 No. 45358 Credit Agreement Open (Mutual) Account with ALPHA BANK total outstanding capital of € 9 million. at the Date of the Prospectus.

These loans are related to the construction of the commercial park “MARE WEST” in Corinth, which must meet the specifications of the Green Bond Framework during the above repayments.

In case at the date of payment of the repayment amounts of the said loans the amounts paid are lower than the above amounts, then the amount distributed under (iii) will be increased accordingly.

(iii) The remaining amount, ie up to € 98.39 million, will be available until 31.12.2025 for Green Investments, including the payment of loan liabilities related exclusively to Green Investments at the time of completion of the relevant acquisitions. At the Date of the Prospectus, the Company’s investment program includes potential green investments related to (A) real estate investments in the existing Real Estate Portfolio and (B) other investments under consideration (see more detailed section 3.3.3.2 “Investment Program “of the Prospectus).

Regarding the present year no. (Iii), the Company intends to direct priority amounts to the sub (A) and (B) investments, depending on the time evolution of the development of the said projects.

The Company declares that the funds raised from the Bond Loan, until their full disposal for the above purposes, will be able to be invested in short-term low-risk placements, such as indicative, but not restrictive, time deposits and repurchase agreements. For more details, see section 4.1.2 “Reasons for Issuing the Code and Destination of Funds” of the Prospectus.

The Company will inform the ATHEX. and the Hellenic Capital Market Commission, in accordance with the current legislation, articles 4.1.2 and 4.1.3.9 of the ATHEX Regulations, as well as the decisions 25 / 06.12.2017 of the BoD. of ATHEX 3 and 8/754 / 14.4.2016 of the BoD. of the Hellenic Capital Market Commission, as in force, regarding the use of the raised funds from the issuance of the Bond Loan until the final disposal of the raised funds. In addition and more specifically, the Company undertakes that for any modifications of the use of the raised funds, as well as for any additional relevant information will comply with the provisions of article 22 of Law 4706/2020, as in force, and will inform the investment public, the Hellenic Capital Market Commission and the ATHEX Board of Directors, regarding the use of the raised funds from the Issue until their full and final disposal in relation to those mentioned in the Prospectus, in accordance with the applicable legislation. In addition, the Management of the Company undertakes to make public the privileged information related to the allocation of the funds raised from the Issue in accordance with Regulation (EU) 596/2014, the provisions of Law 4443/2016 and other applicable legislation. and regulations, as applicable.

The investing public is informed about the disposal of the raised funds through the ATHEX website. and the Company.

The Athens Stock Exchange, at its meeting of 24.11.2021, approved the listing of the Bonds in the Fixed Income Securities Category of the ATHEX Market, subject to the approval of the Prospectus by the Hellenic Capital Market Commission and the successful completion of the Public Offering of the Publisher.

The Issuer informs that the Bonds are in intangible form and will be credited to the portion and the Securities Account held by each beneficiary in the Intangible Securities System, according to the information stated in the Cover Application. The final registration of the Bonds in the Bonds of the beneficiaries in the Intangible Securities System will be completed on 6.12.2021.

The trading code of the Bond is in Greek font “NOVALO1” and in Latin font “NOVALB1”. The commencement price of the Company Bonds is € 1,000 per Bond, ie 100% of its nominal value