Aedifica SA

Share Issue/Capital Change • Dec 4, 2012

PRESS RELEASE Regulated information

4 December 2012 – 11:30 CET

Public offering of maximum 2,697,777 New Shares within the framework of a capital increase in cash with Preferential Right in an amount up to a maximum of €99,817,749

88.24 % of the New Shares subscribed after the Subscription Period with Preferential Right

During the Subscription period with Preferential Right, which closed on 3 December 2012, 2,380,650 New Shares have been subscribed to, or 88.24 % of the maximum amount of New Shares offered for subscription.

The 845.672 Preferential Rights, represented by coupon No. 9, which have not been exercised during the Subscription Period, will be sold as Scrips on 4 December 2012 within the framework of an accelerated private placement to institutional investors as described in the Securities Note. This transaction will take place as from the publication of this press release. Buyers of Scrips will have to subscribe to the New Shares at the same price and in the same proportion as for the subscription with preferential right. The net proceeds from the sale of these Scrips will be paid against delivery of coupon No. 9, as from 7 December 2012, unless it is less than €0.01, in which case they will be transferred to the Company.

The result of subscriptions to New Shares resulting from the exercise of the Scrips and the amount due to holders of unexercised Preferential Rights will be published in a press release on 4 December 2012 after the private placement of the Scrips and in the Belgian financial press on 5 December 2012.

The payment and delivery of the New Shares shall be made with a value date as per 7 December 2012. The New Shares will be tradable on the regulated market of Euronext Brussels as from this same date.

Trading of the Aedifica share was suspended on 4 December 2012 as from the opening of markets, in order to proceed to the private placement of the Scrips. After completion of this operation, the suspension of the trading will be brought down.

*****

BNP Paribas Fortis and ING Belgium act as Joint Global Coordinators in this transaction, and Bank Degroof, BNP Paribas Fortis, ING Belgium and KBC Securities act as Joint Bookrunners

*****

PRESS RELEASE Regulated information

4 December 2012 – 11:30 CET

The abovementioned information may not be publicly released in any other country outside of Belgium, the only jurisdiction in which the offer was public and in which any registration obligation, approval obligation or other obligation would be applicable to the offer. They may not be directly or indirectly released in the United States. The abovementioned information does not constitute, and is not part of, a share offer in the United States.

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

• - unfurnished apartment buildings in Belgian cities;
• - furnished apartment buildings;
• - senior housing;
• - hotels.

Aedifica is a Belgian REIT quoted on NYSE Euronext Brussels (continuous market).

For all additional information