Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

SWX Swiss Exchange: Mobimo Holding AG Opens At CHF 183

Date 23/06/2005

Shares in Lucerne-based real estate company Mobimo were traded in the SWX Swiss Exchange's real estate companies segment for the first time today. The issue price was set yesterday, Wednesday, at CHF 172, and trading on the SWX opened at CHF 183 – corresponding to a market capitalisation of CHF 450 million. Mobimo is included in both the SPI® and SPI EXTRA® indices.

According to the listing prospectus, 55 % of the 2,461,000 registered shares entered in the commercial register are held by a broad shareholder base. If the option for an additional 97,500 shares is chosen (over-allotment option), the free float may rise to 59 %. 650,000 of the placed shares proceed from a capital increase connected with the IPO.

Mobimo Holding AG is a Swiss real estate company that has its headquarters in Lucerne. The portfolio of the Mobimo Group includes both investment properties generating stable returns and development properties with value growth potential. Investments are made primarily in towns and cities in Germanspeaking Switzerland. Mobimo currently employs 34 staff. In 2004 the company reported net earnings of CHF 16.5 million (excluding revaluations).