ATENOR

Earnings Release • Mar 11, 2019

Net group result € 35.18 M.

Result per share € 6.25 Gross dividend* € 2.20 (+5.77%)

*subject to the approval of the General Meeting

Development 865,000 m²

Projects 23

Cities 13

Countries 8

ANNUAL RESULTS 2018

Growth and international diversification of the results

ATENOR finished FY 2018 with a positive net result of €35.18 M, an increase of nearly 60% compared to 2017.

The results were influenced by the sale of The One Office SA and of Naos SA in future state of completion. The sale of the BuzzCity (Leudelange) office complex, also in future state of completion, brought an additional contribution. In addition, ATENOR benefited from the lease revenues generated in Central Europe by the Hermès Business Campus (Bucharest) and University Business Center (Warsaw) buildings.

Furthermore, just like the previous year, ATENOR continued with the construction and sales'process of several residential projects on which the margin on the sold units was booked as the building work progressed.

In terms of its international positioning, ATENOR acquired a residential project in Bucharest and its first projects in Warsaw and in Düsseldorf. ATENOR also strengthened its position in Paris region, at Bezons, by signing a promise to purchase for a second plot.

With the Belgian market certainly remaining an important one for ATENOR, a first project was recently acquired in Flanders, at Deinze.

Despite the uncertainties inherent in real estate development, ATENOR is starting 2019 with confidence borne by the advantage of its international diversification and the quality of its projects in portfolio.

Stéphan Sonneville s.a. CEO

Financial Calendar

Ordinary General Meeting 2018. .	26.04.2019
Payment of the dividend (subject to the approval of the OGM). .	02.05.2019
Intermediate declaration of the first quarter of 2019. .	14.05.2019
Half-year's results 2019. .	04.09.2019
Intermediate declaration of the third quarter of 2019. .	14.11.2019

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