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November 13, 2015

Mobimo AG completes the acquisition of a majority interest in Dual Real Estate Investment SA

EQS Group-Ad-hoc: Mobimo Holding AG / Key word(s): Miscellaneous

2015-11-13 / 17:40
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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P r e s s   r e l e a s e


Mobimo AG completes the acquisition of a majority interest in Dual Real
Estate Investment SA

Lucerne, 13 November 2015 - Mobimo Holding AG ("Mobimo") has finalised the
agreement with Dual Holding SA and acquired its majority interest of some
73% in Dual Real Estate Investment SA ("Dual"). Mobimo has also reached
agreements for the purchase of shares from other Dual shareholders wishing
to sell their holdings and will thus likely hold more than 90% of the
company's shares by the end of November. At an extraordinary general
meeting of Dual on 9 December 2015, a new Board of Directors is to be
appointed and KPMG is to be elected as the future auditor. The operational
team of Dual will remain in Geneva and will be managed from the Mobimo
office in Lausanne.

Entry into the Geneva real estate market
Dual invests successfully in residential properties and in mixed-use
properties in the low and medium rental brackets in the Canton of Geneva.
82% of its rental income comes from residential use, and its 27 properties
have an estimated fair value of CHF 229.4 million as at 30 June 2015.
Dual's strategy focuses on residential property with good scope for rent
increases and on the long-term preservation, management and continuous
maintenance of the properties that it lets. The Geneva real estate market
features a very low new-build rate relative to the demand for new
apartments, which results in a consistently high need for residential
property. Mobimo has successfully established itself in French-speaking
Switzerland since its merger with LO Holding Lausanne-Ouchy S.A. in 2009.

Extraordinary general meeting of Dual on 9 December 2015
At an extraordinary general meeting of Dual on 9 December 2015, the CEO and
CFO of Mobimo, Christoph Caviezel and Manuel Itten, are to be elected to
the Board of Directors. The existing four Board members, Alain Duménil,
Michel Réthoret, Stefano Cervone and Patrick Engle, have stepped down from
the Board as of today. The fifth current Dual Board member, Roland Vögele,
will continue to represent the concerns of minority shareholders.  A vote
will also be held on KPMG becoming the new auditor. KPMG is already the
auditor of Mobimo.


For further information, contact:
Dr Christoph Caviezel, Mobimo CEO
Tel: +41 44 397 11 86
E-mail: ir@mobimo.ch


About MOBIMO
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on
the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive
portfolio mix of investment properties that provide stable income and
development properties offering extensive value enhancement
potential. Investments are made in promising locations, mainly in the
economic areas of Zurich and Lausanne/Geneva, together with those of Basel,
Lucerne/Zug, Aarau and St. Gallen. With a property portfolio that has an
overall value of around CHF 2.5 billion, Mobimo is one of the leading real
estate companies in Switzerland. The pipeline includes development
properties for the company's own portfolio with an investment volume of CHF
0.9 billion (as at 30 June 2015). Further information can be found at
www.mobimo.ch.

About Dual Real Estate Investment SA
Dual Real Estate Investment SA (DREI) was established in autumn 2012 and
has been listed on the Berne eXchange since 28 January 2013. Its portfolio
comprises mainly residential properties in the Canton of Geneva. The 27
properties were bought between 2003 and 2010 and represent an estimated
fair value of CHF 229.4 million (as at 30 June 2015). Further information
can be found at www.dreinvest.ch.

End of ad hoc announcement

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2015-11-13 News transmitted by EQS Schweiz AG. www.eqs.com - news
archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

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412889 2015-11-13  

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