Summit Germany Limited : Refinancing of Stuttga...

Summit Germany Limited
(the "Company")

Refinancing of Stuttgart Property - €3.85m new debt facility

22 August 2016

Summit  Germany,  the  German  commercial  real  estate  company,  is  pleased to announce that, further to the announcement made on 16 May 2016, it has successfully refinanced an additional part of the office complex located in Stuttgart which was acquired in 2015.

The new €3.85m debt facility was provided by the same German lender, and has a 10 year term, a fixed interest rate of 2.1% p.a., and annual amortisation rate of 3.5% p.a.

For further information please contact:

Summit Germany Limited	Tel: [phone]
Zohar Levy - Managing Director
Itay Barlev (Braun) - Finance Director
Non-Executive Chairman	Tel: [phone]
Harry Hyman
Carey Group, Company Secretary	Tel: [phone]
Sara Bourne
Cenkos Securities, Nominated Adviser	Tel: [phone]
and Joint Broker
Ivonne Cantu (Nomad)
Russell Kerr / Selwyn Jones (Broking)
Liberum Capital Limited, Joint Broker	Tel: [phone]
Chris Clarke / Jill Li

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Source: Summit Germany Limited via Globenewswire

HUG#2036437