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Bär & Karrer Ltd.

BRANDSCHENKESTRASSE 90, 8027 ZÜRICH, SWITZERLAND
Tel:
Work +41 58 261 50 00
Fax:
Fax +41 58 261 50 01
Email:
Web:
www.baerkarrer.ch
Geneva, Lugano, Zug, Zurich

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Swiss Prime Site closes CHF 300 Million 1.875% Convertible Bond Issue

February 2010

Swiss Prime Site AG (the "Issuer") successfully raised financing through a placement of CHF 300 Million 1.875% Convertible Bonds (the "Bonds"), convertible into shares of the Issuer. The Bonds were priced with a coupon of 1.875% and a conversion premium of 22.5% to the volume weighted average price on the day of launch. Credit Suisse and UBS Investment Bank acted as joint bookrunners in this transaction (the "Joint Bookrunners"). The Joint Bookrunners have exercised their overallotment option in full, increasing the total issue size of the Bonds to CHF 300 Million.

Bär & Karrer has acted as legal transaction counsel in the issuance and placement of the Bonds. The team comprised Thomas U. Reutter, Ariane Riedi Wirth, Sten E. D. Rasmussen, Flavio Lardelli, Ariane Ernst as well as Michael Barrot (Tax).

For more information please visit www.baerkarrer.ch

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