micobo tokenization solution selected by listed company PREOS AG for €460m Security Token Offering

Frankfurt/Main (24.11.2020) — The real estate investor PREOS Global Office Real Estate & Technology AG (PREOS) is the first publicly listed company whose shares are digitally securitized by a blockchain-based “digital twin” (token). The tokens are issued by the PREOS parent publity AG by way of a public offer in Germany and Austria on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (BaFin) on 23th of November 2020 as well as an international private placement. For this purpose, publity AG has already tokenized PREOS shares with a market value of around 460 million euros, utilizing micobo’s technical infrastructure to issue and manage security tokens.

micobo’s tokenization solution is a modular all-in suite covering the entire digital investment journey, from the investor onboarding throughout the issuance and life-cycle management of the tokens. With granular user rights, micobo delivered to PREOS the highest protection for investors, allowing them to perform administrative tasks responding to the corporate rights embedded in the tokens.

micobo’s tokenization solution integrates strong Know Your Customer (KYC) and Anti-Money Laundering (AML) features to sufficiently comply with the legal requirements of the German and European jurisdictions.

Thanks to our strategic partnerships, we offer robust security measures to ensure investor protection through this novel digital investment process. micobo’s tokenization solution deploys Upvest custody-services, guaranteeing banking-grade security and a regulatory compliant asset storage environment. In addition, the performance of critical digital transactions locked on the Ethereum blockchain is ensured through Gnosis smart contract multisig-wallet.

First Class Tokenization Infrastructure

micobo is committed to delivering the best technological solutions for the new era of digital capital markets. Providing the technological infrastructure for the world’s first tokenization of shares of a listed company fulfills this vision.

With a joint effort, micobo and publity AG are realising an ambitious project setting a game-changing standard for secondary market trading through a fully-compliant digital token sale.

The PREOS shares required for the transaction come from the participation of Frankfurter publity AG, which currently holds around 86.5 percent of the PREOS shares. From an economic point of view, the sale of the tokens backed by PREOS shares is equivalent to a public reallocation of PREOS shares by publity AG. Thomas Olek, founder, CEO and major shareholder of publity AG: “We see ourselves as a technology group that, in addition to technology-driven asset management with tokenization, is also working on the next generation of the capital market.”

Thanks to micobo’s tokenization infrastructure, PREOS will be issuing the tokens on the Ethereum blockchain. With this, publity AG intends to underline its technological pioneering role and to broaden the PREOS shareholder base by addressing new groups of investors, says Nils von Schoenaich-Carolath, Director Treasury & Digital Assets of publity AG as well as project manager for the PREOS token. “By issuing a digital twin of the PREOS share, we have broken new ground in several respects. We’re not just the first company to issue a digital twin of a publicly-traded stock by way of a public offering. The offer is also based on an innovative trustee structure. We are confident that the PREOS token will be an important step for the further diffusion of blockchain technology in the capital market context. “

Certainly, an important step forward to adopt all the efficiency gains and liquidity potential of distributed Ledger Technology (DLT) and asset tokenization. As stated by Christian Labetzsch, micobo’s Managing Director, “publity issuing a fully regulated €460m tokenized security which will be made available for public sale, marks an historic event in the young history of DLT in Capital Markets. It is not only one of the largest global primary market transactions using DLT, but also a bold move from a big capital market participant in the transition to the next generation of securities and capital market infrastructure. micobo is thrilled to have been selected as technology partner to provide the infrastructure for this transaction”.

About micobo

micobo GmbH is a leading European software company for Security Token Offerings and Blockchain Software Development (DLT). micobo provides fully compliant software solutions for Security Token Offerings and advises on structuring DLT- and Blockchain-based Securities.

Press Contact:

micobo GmbH

Luisa Blandón

Tel.: +49 211 / 4247 1220

Mobil: +49 172 7054244

eMail: lb@micobo.com

Disclaimer

This publication does not constitute an offer. In particular, it does not constitute a public offer to sell, or an offer or invitation to acquire, purchase or subscribe to tokens, shares or other securities. The offer made by the German Federal Financial Supervisory Authority (BaFin) is exclusively decisive for the offer on November 23, 2020 and published on the website of publity AG (www.publity.de) in the “Investor Relations” section. Only the securities prospectus contains the information for investors required by law.

Investors are advised to read the securities prospectus, which has been checked for completeness, coherence and comprehensibility by the Federal Financial Supervisory Authority (BaFin), as it has been on the publity AG website (www.publity.de) in the “Investor Relations” section since November 23, 2020 is available to read carefully before deciding to buy or sell PREOS tokens or shares in PREOS Global Office Real Estate & Technology AG in order to fully understand the potential risks and opportunities of the investment decision, and to make an investment decision only with reference to meet all available information about the company after consulting their own lawyers, tax and / or financial advisors. It should be noted that approval of the prospectus by BaFin is not to be understood as an endorsement of the securities in question.

A public offer of the securities mentioned in this publication takes place exclusively on the basis and in accordance with the securities prospectus and only in the Federal Republic of Germany and the Republic of Austria. In particular, there will be neither a public offer nor an invitation to submit an offer to buy securities in the United States of America, Japan, Canada, New Zealand or Australia.

In particular, the securities referred to in this publication have not been and will not be registered under the United States Securities Act of 1933 (the “Securities Act”) or the securities laws of any state of the United States of America and may not enter or enter the United States of America or are not offered, exercised, sold, pledged, transferred or delivered (directly or indirectly) to or for the account of or for the benefit of any US person (as defined in Regulation S under the Securities Act), unless this is done pursuant to a relevant registration or due to an exception or exemption from the registration requirements of the Securities Act or in a transaction not subject to the registration requirements of the Securities Act and in any case in accordance with applicable securities laws of the respective states of the United States of America.

This publication may contain forward-looking statements. Forward-looking statements are all statements that are not based on historical facts or events. This applies in particular to information about the company’s intentions, beliefs or current expectations with regard to its future financial profitability, plans, liquidity, prospects, growth, strategy and profitability as well as the economic framework conditions to which the company is exposed. The forward-looking statements are based on current estimates and assumptions made by the company to the best of its knowledge. Such forward-looking statements are, however, subject to risks and uncertainties, as they relate to future events and are based on assumptions that may not occur in the future. The company is under no obligation to update the forward-looking statements contained in this publication or to amend them to reflect events or circumstances that occur after the date of this publication, unless they contain inside information that is subject to disclosure.

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