Intervest Offices & Warehouses NV

Notice of Dividend Amount • May 24, 2023

Result of the optional dividend in shares for financial year 2022

• 〉 33,1% of the optional dividend will be paid in shares
• 〉 Shareholders' equity strengthened by € 10,4 million

PRESS RELEASE

Embargo until 24.05.2023, 06.00 p.m.

Regulated information

Antwerp, 24 May 2023

〉 Decrease of debt ratio of 0,7% compared to a 100% distribution of the dividend in cash

The shareholders of regulated real estate company Intervest Offices & Warehouses (hereinafter 'Intervest') opted for 33,1% of their shares entitled to dividend for a contribution of their dividend rights in return for new shares instead of payment of the dividend in cash.

This leads for Intervest to a strengthening of its shareholders' equity by € 10,4 million (capital and share premium) by means of the creation of 645.406 new shares, as a result of which the total number of shares of Intervest as of today, 24 May 2023, amounts to 29.880.473. The remaining dividends are paid in cash for a total gross amount of € 34,3 million (including withholding taxes).

This capital increase provides a decrease of the debt ratio of 0,7% compared to a 100% distribution of the dividend in cash. The funds not paid out in cash will contribute to the strengthening of the balance sheet structure of the company. Moreover the optional dividend will also support the further growth of the company, whereby Intervest strives at the utmost for sustainable and customer focus value creation (strategic plan 2023 - 2025).

The actual settlement of the dividend payment will take place as at Thursday 25 May 2023, by which, depending on the shareholder's choice,

• i. the new shares, issued in return for the contribution of dividend rights, will be delivered, or
• ii. the dividend for 2022 will be paid out in cash, or
• iii. a combination of both previous payment options will take place.

The newly created shares will be listed as from Thursday 25 May 2023 and will be tradable as from that moment on Euronext Brussels. The new shares are entitled to the results of Intervest as from 1 January 2023 (first dividend payable in May 2024).

PRESS RELEASE

Result of the optional dividend in shares for financial year 2022

Regulated information, embargo until 24.05.2023, 06.00 p.m.

Disclosure in accordance with article 15 §1 of the Act of 2 May 2007 regarding the notification of major participations (Transparency regulation):

Further to this capital increase and the issue of 645.406 new shares at a total issue price of € 10.365.220,36 - more precisely € 5.881.211,14 capital and € 4.484.009,22 share premium the total share capital of Intervest amounts as at 24 May 2023 to € 272.283.447,38.

The capital is represented from now on by 29.880.473 fully paid-up ordinary shares. There are no preference shares. No outstanding options or warrants granting entitlement to shares have been issued. Each of these shares grants one voting right at the general meeting and these shares are therefore used as the basis for notification purposes within the framework of the Transparency regulation (notifications in the event a.o. the statutory or legal thresholds are reached, exceeded or not reached). In addition to the legal thresholds, Intervest's articles of association stipulate an additional statutory threshold of 3% in application of article 18, §1 of the Act of 2 May 2007.

Intervest Offices & Warehouses NV (referred to hereafter as "Intervest") is a public regulated real estate company (RREC) under Belgian law, founded in 1996, of which the shares have been listed on Euronext Brussels (INTO) since 1999. Intervest invests in logistics real estate in Belgium and The Netherlands and in office buildings in Belgium. Investments are focused on up-to-date buildings and sustainable (re) development projects, located in strategic locations, with an eye on cluster formation and is aimed at first-rate tenants. The logistics segment of the portfolio in Belgium is located on the Antwerp - Brussels - Nivelles, Antwerp - Limburg - Liège, and Antwerp - Ghent - Bruges axes and, in the Netherlands, on the Moerdijk - 's Hertogenbosch - Nijmegen, Rotterdam - Gorinchem - Nijmegen and Bergen-op-Zoom - Eindhoven - Venlo axes. The office segment of the real estate portfolio focuses on the central cities with an important student population of Antwerp, Mechelen, Brussels and Leuven and their surroundings.

Intervest distinguishes itself in renting space by going beyond merely renting m². The company goes beyond real estate.