Árima Real Estate SOCIMI, S.A. informed that JSS Real Estate SOCIMI, S.A. intends to launch a voluntary all outstanding shares takeover bid for Árima. All of the foregoing, in accordance with the provisions of the pre-announcement of the public tender offer published by JSS Real Estate SOCIMI 16 May 2024. The offer is addressed to all shareholders of Árima and consists of a cash consideration of EUR 8.61 per share, which represents a premium of 38.9% over yesterday's closing price of the stock, and of 37.9% on the volume-weighted average price (VWAP) of the last 3 months.

The offer is announced after the offeror has conducted an in-depth review of the company's assets and financial situation. The offeror is expected to file the corresponding prospectus with the National Securities Market Commission (CNMV) within one month from the date of the announcement of the decision to make the offer and to provide the necessary security required for this type of transaction. The effectiveness of the tender offer will be subject to reaching a minimum acceptance threshold of more than 50.01% of the shares of Árima.

The Board of Directors of Árima has analyzed the offer and considers, subject to their fiduciary duties and the subsequent evaluation of the bid based on the documentation that must be prepared by the bidder and approved by the CNMV, and also taking into account the advice received from its financial and legal advisors, that the offer is amicable and attractive to its shareholders, without prejudice that it may recommend other competing offers more advantageous to shareholders. The following have been involved in the operation as advisors: GBS Finance and Ernst & Young Abogados, S.L.P. on the part of Árima, and Uría Menéndez and Savills on the part of JSS Real Estate SOCIMI.