ATENOR

Earnings Release • Mar 9, 2020

Net group result € 37.78 M.

Result per share € 6.71

Gross dividend per share*

€ 2.31 (+5%)

*subject to the approval of the General Meeting

Development 1,200,000 m²

Projects

28 Cities 13

Countries 8

ANNUAL RESULTS 2019

Growth and international diversification of the results

ATENOR finished FY 2019 with a positive net result of € 37.78 M, an increase of more than 7% compared to 2018.

These results were backed by 10 projects located in 5 countries. Notably, the delivery of Naos (Luxembourg), the sale of the City Dox buildings (Brussels), and a new contribution from the cession of The One Office (Brussels) and the office building Vaci Greens E (Budapest) made a significant contribution to the results. Also, ATENOR benefited from the rental incomes generated in Central Europe by the buildings Hermès Business Campus (Bucharest) and University Business Center (Warsaw).

As a "pure player" in property development, throughout the year ATENOR concentrated its efforts for all the projects in its portfolio on those particular property development momenta constituted by the obtainment of building permits, renting and sales. Favourable developments were recorded, notably the confirmation of the validity of the permit for The One in Brussels.

As part of its international growth strategy, ATENOR also strongly grew its portfolio, raising the number of projects from 22 to 28, with a total development surface of over 1,200,000 m².

On the basis of this constantly evolving portfolio, ATENOR is facing the year 2020 with confidence driven by the advantage represented by its international diversification and the quality of the projects in its portfolio.

Stéphan Sonneville SA Chief Executive Officer

Financial Calendar

Ordinary General Meeting 2019.	24.04.2020
Payment of the dividend (subject to the approval of the OGM).	29.04.2020
Intermediate declaration of the first quarter of 2020	14.05.2020
Half-year's results 2020.	03.09.2020
Intermediate declaration of the third quarter of 2020	18.11.2020

ATENOR is a real estate property promotion company quoted on Euronext Brussels. Through our urban planning and architectural approach, we aim to provide appropriate responses to the new requirements being imposed by developments in urban and professional life. Within this framework, ATENOR is investing in large-scale property projects which meet strict criteria in terms of location, economic efficiency and respect for the environment.

Reuters: ATE0.BR - Bloomberg: ATEB BB