Nexity

Regulatory Filings • Feb 16, 2016

PARTNERSHIP BETWEEN NEXITY AND EDOUARD DENIS GROUP

Paris – Tuesday, 16 February 2016

Nexity, the investment fund MBO Partenaires and Mr Edouard Denis have made commitments with a view to the acquisition by Nexity of a 55% stake in the share capital of the real estate development group, Edouard Denis. The remaining 45% stake will be retained by Mr Edouard Denis.

The Edouard Denis group, which was founded in 1996 with an initial focus on high-end real estate in Le Touquet-Paris-Plage (northern France), has progressively diversified to become a nonspecialist real estate developer. Its multi-regional strategy means that it has been able to take significant positions in the Paris region, Lyon, Bordeaux, Lille and Nantes.

Edouard Denis recorded 1,676 net reservations in 2015 and generated revenue of approximately €180 million. Its profitability is in line with Nexity's expectations with regard to the operating margin for new homes in France, and its portfolio of projects and land options should provide it with robust growth in 2016 and 2017.

Mr Edouard Denis will chair and manage the company, under its own brand and with considerable operational independence.

This transaction is consistent with Nexity's expressed strategy of continuing to develop its business activities in residential real estate. As an addition to its own-brand operations, Nexity is adamant about helping entrepreneurs in the sector amplify their growth by granting them access to its know-how and financial resources in an open-architecture model, as it did with PERL and Iselection.

The transaction will be financed by Nexity using its own financial resources.

The transaction will remain subject to the condition precedent of the French Competition Authority and is expected to take place before the end of the first half of 2016.

AT NEXITY, WE AIM TO SERVE ALL OUR CLIENTS AS THEIR REAL ESTATE NEEDS EVOLVE

Nexity offers the widest range of advice and expertise, products, services and solutions for private individuals, companies and local authorities, so as to best meet the needs of our clients and respond to their concerns. Our business lines – real estate brokerage, management, design, development, planning, advisory and related services – are now optimally organised to serve and support our clients. As the benchmark operator in our sector, we are resolutely committed to all of our clients, but also to the environment and society as a whole.

Nexity is listed on the SRD and on Euronext's Compartment A Member of the indices: SBF 80, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All Tradable Ticker symbol: NXI - Reuters: NXI.PA - Bloomberg: NXI FP ISIN: FR0010112524 ______

CONTACT

Amelie Laroche-Truong - Head of Investor Relations / + 33 (0)1 85 55 15 49 - investorrelations@nexity.fr