EQS-Adhoc: Aggregate Holdings SA: Oaktree takes control of QH Track

EQS-Ad-hoc: Aggregate Holdings SA / Key word(s): Statement
Aggregate Holdings S.A.: Oaktree takes control of QH Track

28-Jun-2023 / 14:37 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Pursuant to Art. 17 Abs. 1 of the Market Abuse Regulation (Regulation (EU) No. 596/2014)

Aggregate Holdings S.A.: Oaktree takes control of QH Track

Luxembourg, 28 June 2023. Aggregate Holdings S.A. ("Aggregate") has been informed this morning that OCM Luxembourg QH Track S.A.R.L. ("Oaktree") is enforcing pledges with immediate effect to appropriate all of the partnership interests in QH2 SCS, a holding company for QH Track, in addition to appropriating all shares in QH2 GP SARL. After this action Aggregate will cease to own or control the Quartier Heidestrasse Track project.

Following the very challenging situation in the global real estate market, QH Track has experienced cost overruns and delays to completion. Aggregate had been in discussions with Oaktree and the senior lenders on resolving these issues in order to fund the construction through to completion, and had previously undertaken a sale process for QH Group, from which six out of seven segments were successfully sold.

Aggregate is conducting a detailed review of the implications of this action, but this specific event does not constitute a cross-default in the Aggregate 2025 and 2024 bonds.

Notifying Person
John Nacos, Chief Investment Officer, Aggregate Holdings S.A.
Email: [e-mail]

Disclaimer
This document and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell, or a solicitation of an offer to buy, any securities in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or pursuant to an available exemption from registration under the Securities Act.
This document does not constitute an offer document or an offer of securities to the public in the U.K. to which section 85 of the Financial Services and Markets Act 2000 of the U.K. applies and should not be considered as a recommendation that any person should subscribe for or purchase any securities as part of the Offer. This document is being communicated only to (i) persons who are outside the U.K.; (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) high net worth companies, unincorporated associations and other bodies who fall within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This document should not be published, reproduced, distributed or otherwise made available, in whole or in part, to any other person without the prior consent of the Company. This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of the Company. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. The Company does not assume any obligations to update any forward-looking statements.

End of Inside Information

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28-Jun-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Aggregate Holdings SA
	Rue Antoine Jans 10
	1820 Luxembourg
	Luxemburg
ISIN:	LU1922424012
WKN:	A2PAUX
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart; Luxembourg Stock Exchange
EQS News ID:	1667717

End of Announcement	EQS News Service

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1667717 28-Jun-2023 CET/CEST