SF Retail Properties Fund – Terms and conditions of the capital increase

• Target volume: CHF 124 million
• Subscription period: 12 November to 20 November 2025, 12 noon CET
• Subscription paid-up date: 27 November 2025

The issue will be carried out on a “best effort basis” as part of a public offering in Switzerland. Subscription rights can be traded on the SIX Swiss Exchange from 12 November to 18 November 2025. The subscription paid-up date of the newly issued units will be on 27 November 2025. The issue of new units is limited to a maximum of 1 170 000. Any unsubscribed units will not be issued, which will reduce the issue amount accordingly. The exact number of new units to be issued will be determined after the subscription period has expired, based on the subscriptions received. The fund management company will inform investors of the final number of new units by 25 November 2025 at the latest.

The proceeds from the issue will be used to further expand the fund's real estate portfolio and to repay interest-bearing debt. In particular, the plan is to acquire a fully let portfolio of 17 properties in various locations in Switzerland. In addition, a single property in Weinfelden (canton of Thurgau) with a rentable floor space of around 6 300 m² and a target rental income p.a. of CHF 1.6 million as at 31 October 2025 has been integrated into the portfolio. The planned acquisitions will further strengthen the fund's earnings power and broaden the diversification of the portfolio.

Conference call

We will present further details on the capital increase in the conference call on 12 November 2025 or in a personal meeting.

The conference calls on the capital increase will take place as follows:

• Wednesday, 12 November 2025, 10.30 a.m. – Presentation in German
• Wednesday, 12 November 2025, 11.30 a.m. – Presentation in English

To arrange a personal meeting, please contact the Client Relationship Management teams in Zurich and Lausanne or Thomas Lavater, Portfolio Manager.