Altarea

M&A Activity • Feb 26, 2016

Completion of the combination between Altarea Cogedim and Pitch Promotion

Today Altarea Cogedim completed the acquisition of the entire capital and voting rights of Pitch Promotion.

This transaction, announced on November 16, 2015, consolidates Altarea Cogedim's position in property development. The statement announcing the 2015 annual earnings of Altarea Cogedim on March 9, 2016 after the stock market closes, will provide further details on this position.

As agreed, Terrassoux group has reinvested part of the sale proceeds, up to €31.7 million, in 190,000 Altarea shares subscribed through Altarea's reserved capital increase, representing 1.5% of the capital.

Christian Terrassoux remains Chairman and Chief Executive Officer of Pitch Promotion. He will be coopted to become a member of the Altarea Cogedim Supervisory Board at the next Board Meeting and will also sit on the Group's Strategic Committee.

ABOUT ALTAREA COGEDIM - FR0000033219 - ALTA

Altarea Cogedim is a leading property group. As both a commercial land owner and developer, it operates in all three classes of property assets: retail, residential and offices. It has the know-how in each sector required to design, develop, commercialize and manage made-to-measure property products. With operations in France, Spain and Italy, Altarea Cogedim manages a shopping center property portfolio of €4.5 billion. Listed in compartment A of Euronext Paris, Altarea had a market capitalization of €2.3 billion at December 31, 2015.

Eric Dumas, Chief Financial Officer edumas@altareacogedim.com, Tel: + 33 1 44 95 51 42

Catherine Leroy, Analyst and Investor Relations cleroy@altareacogedim.com, Tel: +33 1 56 26 24 87

Nathalie Bardin, Director of Institutional relations, communications and forward planning, nbardin@altareacogedim.com, Tel: +33 1 56 26 25 53

ALTAREA COGEDIM CONTACTS CITIGATE DEWE ROGERSON CONTACT

Nicolas Castex, Press Relations nicolas.castex@citigate.fr, Tel: + 33 1 53 32 78 94

DISCLAIMER

This press release does not constitute an offer to sell or solicitation of an offer to purchase Altarea shares. For more detailed information concerning Altarea, please refer to the documents available on our website www.altareacogedim.com.

This press release may contain declarations in the nature of forecasts. While the Company believes such declarations are based on reasonable assumptions at the date of publication of this document, they are by nature subject to risks and uncertainties which may lead to differences between real figures and those indicated or inferred from such declarations.