Altarea

Regulatory Filings • Jun 29, 2012

PRESS RELEASE

June 26, 2012

CAP 3000 WELCOMES A NEW 32,000-FT² (3,000-M²) MALL AND OPENS 12 RETAIL SHOPS

The Cap 3000 shopping center in Saint-Laurent-du-Var is home to a new and redesigned 32,000-ft² (3,000-m²) mall made up of 12 new shops and restaurants: Desigual (7,500 ft² / 700m²), American Vintage, Guess, Comptoir des Cotonniers, Sud Express, Massimo Dutti, G-Star, Zapa, Préférences (luxury leather goods), Starbucks, Muze (concept store) and Misaki (cultured pearls).

Desigual, Guess, Sud Express, Massimo Dutti, G-Star, Zapa and Starbucks will open on June 28, 2012; Comptoir des Cotonniers in July; Préférences and American Vintage in August; Muze and Misaki in September.

The new mall extends across the Central Plaza from the Porte de Nice to the Porte de Cannes. It is named "Saint-Jean Cap Ferrat," after the lush green penninsula located 6 miles (10 km) from Nice.

The Central Plaza was renovated for the occasion, and now features a relaxation area and an activity area, along with more kiosks and a new Reception Center. This center offers Cap 3000 customers a variety of services, including a concierge service, a cloakroom and a health insurance office.

Acquired by Altarea Cogedim in 2010, Cap 3000 ranks among the largest shopping centers in France. It features France's third-largest Apple Store, the second largest nation-wide pharmacy, Galeries Lafayette and Lafayette Gourmet, and more than 150 shops and restaurants.

À propos d'Altarea Cogedim

Cap 3000 was acquired by Altarea Cogedim in 2010. Altarea Cogedim manages and leases the center.

Altarea Cogedim is a leading property group. Being both a commercial land owner and developer, it has a presence in all three classes of property assets: commercial space, housing and offices. It has the know-how in each sector required to design, develop, commercialize and manage made-to-measure property products. By acquiring RueduCommerce, a leader in e-commerce in France, Altarea Cogedim became the first multi-channel property company.

With operations in France and Italy, Altarea Cogedim held assets of €2.6 billion at December 31, 2011. Listed in compartment A of the NYSE Euronext Paris, Altarea had a market capitalization of €1.2 billion at December 31, 2011.

Contacts:

Nathalie Bardin Director of Communication +33 1 56 26 25 36 / +33 6 85 26 15 29 nbardin@altareacogedim.com

Valérie Jardat Agence Côté Jardat +33 1 41 05 94 10 / +33 6 12 05 18 35 valerie.jardat@cote-jardat.fr