Swiss Prime Site Solutions Investment Fund Commercial achieves return on investment of 2.9% in H1 2025/2026; fund volume exceeds CHF 500 million for the first time

The Swiss Prime Site Solutions Investment Fund Commercial (SPSS IFC) has closed H1 2025/2026 with a return on investment of 2.9%. This is based on a cash flow yield of 2.4%,
supported by a high occupancy rate and operational rental growth, and positive capital growth of 0.5%. The result was achieved with significantly reduced use of borrowed capital, thus showing
further improvement in the risk/return profile.

Important milestones were also reached in the reporting period: Total fund assets exceeded the CHF 500 million mark for the first time. The successful
listing in December 2025 also marked a further strategic advance that significantly increased the liquidity of fund units and broadened the investor base.

Stable profitability with reduced risk
SPSS IFC confirms its operational strength and achieves a high-yield result despite lower borrowing. The return on investment, at 2.90% (H1 2024/2025: 3.18%), is comprised of a
cash flow yield of 2.41% (previous year: 2.78%) and capital growth of 0.49% (previous year: 0.40%). The cash flow yield reached the upper end of the target range.

The average loan-to-value ratio fell significantly compared to the previous period, from around 38% to 24%. As a result, almost the same level of returns was achieved with significantly
lower risk.

Portfolio grows and remains resilient
The portfolio continued to develop at a robust pace during the reporting period. Total fund assets grew by around 15% to more than CHF 500 million, supported by positive
valuation effects and considered purchases. At the same time, rental income increased like-for-like by 1.6%, with new leases and indexed adjustments contributing to the growth. At 3.5%, the rent
default rate remains low, while the weighted average unexpired lease term was extended to 5.9 years, further strengthening the non-current stability of the portfolio. The positive performance is
reinforced by a revaluation of 0.49%.