Aedifica SA

Major Shareholding Notification • Dec 18, 2015

PRESS RELEASE Regulated information

18 December 2015 – after closing of markets Under embargo until 17:40 CET

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, paragraph 1 of the Act of 2 May 2007 relating to the publicity of important participations)

1. Summary of the notification

Aedifica has received a transparency notification dated 18 December 2015 in which Wulfsdonck Investment SA indicates that it now holds less than 5 % of Aedifica's voting rights and thus falls below the 5 % shareholding threshold.

2. Content of the notification

The notification of 18 December 2015 contains the following information:

• Reason of the notification: falling below the minimum threshold, passive threshold crossing
• Notification by a parent undertaking or a controlling person
• Person subject to the notification requirement: Wulfsdonck Investment SA (avenue Herrmann-Debroux 40-42, 1160 Brussels)
• Date on which the threshold is crossed: 17 December 2015
• Threshold that is crossed: 5 %
• Denominator : 14,169,939
• 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
Financière des Sucres SA	275,000	703,312		4.96%
Wulfsdonck Investment SA	0	0	0	0.00%	0.00%
Total	275,000	703,312	0	4.96%	0.00%

• Chain of controlled undertakings through which the holding is effectively held: Société Financière des Sucres SA is held by (i) Wulfsdonck Investment SA (45.85 %) and (ii) other registered shareholders (54.15 %)

PRESS RELEASE Regulated information

18 December 2015 – after closing of markets Under embargo until 17:40 CET

3. Sundry

To the Company's knowledge, no shareholder holds 5 % or more of the Company's voting rights.

This press release is available on the Company's website (www.aedifica.be), under "Investor relations" / "Press releases" / "2015".

The 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 public Regulated Real Estate Company under Belgian law specialised in residential property. Aedifica has developed a portfolio worth more than €1 billion, focused on two strategic pillars:

• - senior housing in Belgium and Germany;
• - apartment buildings in Belgium's main cities.

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

The Company's market capitalisation was €884 million as of 30 November 2015.

Aedifica is included in the EPRA indices.

For all additional information