Aedifica SA

Share Issue/Capital Change • Mar 31, 2017

PRESS RELEASE Regulated information

28 March 2017

AEDIFICA

Public limited liability company Public regulated real estate company under Belgian law Registered office: avenue Louise 331-333, 1050 Brussels Enterprise number: 0877.248.501 (RLE Brussels) (the "Company")

Not for direct or indirect distribution, publication or release to or within the United States of America, Canada, Australia, Japan, Switzerland, South-Africa or any other country or jurisdiction where its dissemination would be contrary to law. Other restrictions apply.

Admission to trading of new shares on the regulated market of Euronext Brussels

Publication of a new denominator in accordance with article 15 of the Act of 2 May 2007

Following a capital increase in cash with priority allocation right within the framework of the authorised capital through a public offering for subscription, 3,595,164 new Aedifica shares were issued today. Consequently, the total number of Aedifica shares amounts to 17,975,820.

The New Shares were issued without coupon No. 17 attached, which grants the right to a pro rata temporis dividend up to and including 27 March 2017, for the current financial year 2016/2017, which ends on 30 June 2017. These New Shares shall therefore only participate in the results of the current financial year 2016/2017 as from 28 March 2017. Coupon No. 17 was detached on 15 March 2017 after closing of the markets. The existing shares and the new shares each have coupon No. 18 and following attached, and are thus fungible.

Each of these shares confers the right to one vote at the General Meeting and the total number of shares thus represents the new denominator for purposes of notifications within the framework of the transparency regulation. Following this transaction, the share capital of Aedifica amounts to EUR 474,342,051.82.

This information, as well as the shareholding structure, is available on the website of Aedifica (www.aedifica.be).

The 3,595,164 new Aedifica shares issued today are admitted to trading on the regulated market of Euronext Brussels and have the same ISIN-code as the existing Aedifica shares (BE0003851681).

PRESS RELEASE Regulated information

28 March 2017

The English version of this press release constitutes a free translation of the Dutch language text and is made for information purposes only. In case of inconsistency with the Dutch version or inaccuracy of the English translation, the Dutch text shall prevail.

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Aedifica is a Regulated Real Estate Company under Belgian law specialised in healthcare real estate, particularly in senior housing. Aedifica has developed a portfolio worth more than €1.4 billion in Belgium, Germany and in The Netherlands.

Aedifica has been quoted on the regulated market of Euronext Brussels since 2006 and is identified by the following ticker symbols: AED; AED:BB (Bloomberg); AOO.BR (Reuters).

The Company's market capitalisation was €1.0 billion as of 28 February 2017.

Aedifica is included in the EPRA indices.

For all additional information

PRESS RELEASE Regulated information

28 March 2017

IMPORTANT INFORMATION

These written materials are not, directly or indirectly, for distribution, publication, or release to or within the United States of America, Canada, Australia, Japan, Switzerland, South-Africa or any other country or jurisdiction where the dissemination thereof is not allowed. The information contained herein does not constitute an offering of securities for sale in the United States, Australia, Canada, Switzerland, South-Africa or Japan.

The securities may not be offered or sold in the United States unless they are registered under applicable law or exempt from registration. Aedifica NV/SA does not intend to register any portion of the offering in the United States or to conduct a public offering of securities in the United States. This information does not contain a solicitation for money, securities or other considerations and, if sent in response to the information contained herein, will not be accepted.

An investment in shares entails significant risks. Investors are encouraged to read the prospectus that is made available on the website of Aedifica NV/SA, www.aedifica.be.

This document is not a prospectus and investors should not subscribe to, or purchase any shares referred to herein except on the basis of the information contained in the prospectus.