Aedifica SA

Major Shareholding Notification • Mar 23, 2017

23 March 2017 – after closing of markets

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")

Publication relating to a transparency notification

(Article 14, 1 st paragraph, of the Act of 2 May 2007 on the disclosure of major holdings)

1. Summary of the notification

Pursuant to Article 14, 1st paragraph, of the law of 2 May 2007 on the disclosure of major holdings, Aedifica SA/NV announces that it has received a transparency notification dated 23 March 2017 from BlackRock, Inc. (having its registered offices at 55 East 52nd Street, New York, NY, 10055, USA).

BlackRock, Inc. has notified that its shareholding (taking into account the holding of its affiliates) in Aedifica SA/NV has increased and has crossed the threshold of 5% of the voting rights on 22 March 2017.

2. Content of the notification

The notification of 23 March 2017 contains the following information:

• Reason of the notification: acquisition or disposal of voting securities or voting rights.
• Notification by: a parent undertaking or a controlling person.

23 March 2017 – after closing of markets

- Persons subject to the notification requirement:

Name	Address (for legal entities)
BlackRock, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock (Netherlands) B.V.	Rembrandt Tower, 17th floor, Amstelplein, Amsterdam, Netherlands
BlackRock Advisors (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC	100 Bellevue Parkway, Wilmington, DE, 19809, U.S.A.
BlackRock Asset Management Canada Limited	161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada
BlackRock Asset Management North Asia Limited	15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong
BlackRock Fund Advisors	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National Association	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock International Limited	Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K.
BlackRock Investment Management (Australia) Limited	Level 37, Chifley Tower, 2 Chifley Square, Sydney NSW 2000 Australia
BlackRock Investment Management (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Japan Co., Ltd.	1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan

• Date on which the threshold is crossed: 22 March 2017
• Threshold crossed: 5 %
• Denominator: 14,380,656

23 March 2017 – after closing of markets

- Notified details:

A) Voting rights	Previous notification	After the transaction
	# of voting rights	# of voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
BlackRock, Inc.		0		0,00%
BlackRock (Netherlands) B.V.		1.570		0,01%
BlackRock Advisors (UK) Limited		62.415		0,43%
BlackRock Advisors, LLC		9.378		0,07%
BlackRock Asset Management Canada Limited		17.775		0,12%
BlackRock Asset Management North Asia Limited		431		0,00%
BlackRock Fund Advisors		117.748		0,82%
BlackRock Institutional Trust Company, National Association		141.614		0,98%
BlackRock International Limited		4.218		0,03%
BlackRock Investment Management (Australia) Limited		4.734		0,03%
BlackRock Investment Management (UK) Limited		17.600		0,12%
BlackRock Japan Co., Ltd.		776		0,01%
Subtotal		378.259		2,63%
	TOTAL	378.259	0	2,63%	0,00%

B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument		Expiration date Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
BlackRock Advisors (UK) Limited	Securities Lent			143.599	1,00%	physical
BlackRock Fund Advisors	Securities Lent			50.000	0,35%	physical
BlackRock Institutional Trust Company, National Association	Securities Lent			96.622	0,67%	physical
BlackRock Institutional Trust Company, National Association	Contract for Difference			1.298	0,01%	cash
BlackRock International Limited	Contract for Difference			3.066	0,02%	cash
BlackRock Investment Management (UK) Limited	Contract for Difference			46.758	0,33%	cash
	TOTAL			341.343	2,37%

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	719.602	5,00%

• Chain of controlled undertakings through which the holding is effectively held: the complete chain of controlled undertakings has been added to the notification.
• Additional information: the disclosure obligation arose due to total holding in voting rights for BlackRock, Inc. going above 5%.

23 March 2017 – after closing of markets

3. Sundry

This press release is available on the Company's website (www.aedifica.be), under "Investor relations" / "Press releases" / "2017".

The transparency notification is available on the Company's website (www.aedifica.be), under "Investor relations" / "Shareholder's information" / "Shareholding structure".

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

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