Banimmo SA

Major Shareholding Notification • Nov 28, 2011

PRESS RELEASE

Regulated information November 29th, 2011 : 5.45 PM

Disclosure pursuant to article 14 of the law of May 2nd 2007 _____________________________________________________________________________

____________________________________________________________________________

In accordance with the Law of May 2nd 2007 relating to the disclosure of major holdings, Banimmo announces having received a notification of shareholding from the group Ethias. Indeed, following the sale of a number of shares conferring voting rights, on October 24th 2011 the shareholding of the group Ethias has fallen below the notification threshold of 5%.

Beside, Banimmo has also received a notification of shareholding from Affine, who has fallen on September 30th 2011 below the notification threshold of 50% following the sale of a number of shares conferring voting rights; Affine acts in concert with the hereunder mentioned companies:

• Strategy, Management and Investment sprl, located avenue Prince Baudouin 19 in 1150 Brussels
• André Bosmans Management sprl, located à Posteernestraat 42 in 9000 Ghent
• Stratefin Management sprl, located Struikenlaan 31inà 1640 Sint-Genesius-Rode
• PH properties investments sprl, located avenue Prince Baudouin in 1150 Bruxelles
• CCL Invest sprl, located Sneppenlaan 16 in 1640 Sint-Genesius-Rode

The situation before and after the sales transactions is summarized hereafter:

Holder of voting rights	Number of voting rights before the transactions	Number of voting rights after the transactions	% of voting rights1
Ethias	476,000	476,000	4.19%
Ethias Investment RDT-DBI	238,000	380	0.00%
Affine	5,678,315	5,633,615	49.61%
Strategy, Management and Investment	1,886,895	1,886,895	16.62%
André Bosmans Management	512,691	512,691	4.51%
Stratefin Management	250,199	250,199	2.20%
PH properties investments	257,364	257,364	2.27%
CCL invest	195,298	195,298	1.72%
Total	9,494,762	9,212,442	81.12%

The complete notification as well as the shareholder structure may also be consulted on the company's internet site (www.banimmo.be) under the headings "group/Shareholding"

Contact

Christian Terlinden NV Banimmo SA Tel. +32 2 710 53 42 Email. christian.terlinden@banimmo.be

¹ Calculated on the total number of voting rights which stands at 11.356.544

About Banimmo

Banimmo, a real estate company for repositioning and redevelopment, acquires buildings that have a high potential for redevelopment in order to re-sell them after transformation. The company, which is active in Belgium, in France and in Luxembourg in the office, retail and semi-industrial sectors, as well as in conference and exhibition centres, is established in Brussels. Its subsidiary, Banimmo France, covers the French market from its headquarters in Paris. The company has thirty employees. Until now, the Banimmo group has invested in around 27 real estate properties representing a total value of more than € 414 million. Belgium constitutes the predominant market, with 65% of the portfolio in terms of market value. France represents 35% of Banimmo's portfolio. The portfolio is continually evolving thanks to the ongoing repositioning and to the high rotation of the assets. Banimmo is listed on Euronext Brussels. Currently the company is held by the SIIC Affine (50%) and the management (27.3%) that have signed a shareholder agreement. The remainder, that is 22.7%, is in the hands of the public.