ATENOR

Notice of Dividend Amount • May 22, 2014

OPTIONAL DIVIDEND: 82.11% OF SHAREHOLDERS CHOOSE TO TAKE THEIR DIVIDEND IN SHARES CAPITAL INCREASE OF 6.47 MILLION EUROS

La Hulpe, 22 May 2014

As announced at the General Assembly on 25 April 2014, ATENOR GROUP's shareholders have been given the opportunity of opting for new shares in exchange for their dividend rights relating to the gross dividend of € 2 for the financial year 2013. 82.11% of shareholders, including all the reference shareholders, have decided to exchange their dividend rights for new shares, instead of receiving the payment of their dividends in cash.

This success increases once more our shareholders' loyalty and enables them to subscribe for new shares at an attractive price. It also contributes to the financial solidity of the group and to our shareholders' confidence in the group's strategy.

This optional dividend will make it possible to increase ATENOR GROUP's capital by 6.47 million euros on 26 May 2014 by the creation of 205,346 new shares.

These new shares will be listed and admitted to NYSE Euronext Brussels from 28 May 2014.

As from this date, the dividend in cash shall also be paid according to the procedure laid down in the "Information notice" published on our site on 25 April 2014.

Notification in accordance with article 15 of the Law of 2 May 2007 relating to the publication of large shareholdings (Law on transparency).

After the capital has been increased on 26 May 2014, it will amount to 51.11 million euros represented by 5.457.264 shares, each accompanied with a right to vote at the General Meeting. This number of shares shall serve as a denominator in the calculation of the statutory or legal thresholds. As a reminder, article 13 of ATENOR GROUP's articles of association lays down an additional threshold of 3% in addition to the legal thresholds. Where applicable, shareholders are invited to make the necessary notifications.

FINANCIAL CALENDAR

Increase in capital 26 May 2014 Dividend payment 28 May 2014 Half-year results 2014 24 September 2014 Annual results 2014 5 March 2015 General Assembly 2014 24 April 2015

For more detailed information please contact Stéphan Sonneville s.a., CEO or Sidney D. Bens, CFO. +32-2-387.22.99 - E-mail: info@atenor.be - www.atenor.be

ATENOR GROUP is a real estate property promotion company quoted on NYSE 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 GROUP is investing in large-scale property projects which meet strict criteria in terms of location, economic efficiency and respect for the environment.

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