Mobimo Holding AG

Legal Proceedings Report • May 5, 2011

News Details

Ad-hoc | 5 May 2011 06:50

Mobimo Holding AG: Swiss Supreme Court’s ruling to have positive non-recurring effect in 2011

Mobimo Holding AG / Key word(s): Miscellaneous

05.05.2011 06:50

Release of an ad hoc announcement pursuant to Art. 72 KR

M e d i a R e l e a s e

Swiss Supreme Court's ruling to have positive non-recurring effect in 2011

Lucerne/Küsnacht, 5 May 2011 - The Swiss Supreme Court's ruling of 4 April
2011 put an end to the year-long legal dispute between Mobimo Holding AG
('Mobimo') and the city of Zurich. The case involved the offsetting of
losses between municipalities and cantons and a claim for reimbursement of
costs incurred in connection with the assessment of property gains tax. As
a result of this Supreme Court ruling, which is positive for Mobimo, the
com-pany should be able to release tax provisions in the
higher-single-digit millions this year.

For enquiries please contact:
Mobimo Holding AG
Manuel Itten, CFO
+41 44 397 11 44
ir@mobimo.ch

About Mobimo
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on
the SIX Swiss Ex-change since 2005. The Mobimo Group has an attractive
portfolio mix of investment properties pro-viding stable income and
development properties offering extensive value enhancement potential.
Investments are targeted mainly in the promising locations of Zurich and
Lausanne/Geneva and in the economic regions of Basel, Lucerne/Zug, Aarau
and St. Gall. With a property portfolio that has an overall value of over
CHF 2.0 billion, Mobimo is one of the leading real estate companies in
Swit-zerland. The portfolio contains development properties with an
investment volume of more than CHF 1 billion up to 2015 (as at 31 December
2010).

05.05.2011 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.

EquityStory publishes regulatory releases, media releases on the capital
market and press releases.
The EquityStory Group distributes authentic and real-time financial news
for over 1'300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news

---