Intervest Offices & Warehouses NV

Declaration of Voting Results & Voting Rights Announcements • May 26, 2020

PRESS RELEASE

Regulated information under embargo until 26/05/2020, 6 pm

Antwerp, 26 May 2020

Result of the optional dividend in shares for financial year 2019

• Shareholders opted for 61,6% of the shares for the optional dividend
• Shareholders' equity strengthened by € 16,3 million

The shareholders of regulated real estate company Intervest Offices & Warehouses (hereinafter 'Intervest') opted for 61,6% 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 € 16,3 million (capital and share premium) by means of the creation of 843.669 new shares, as a result of which the total number of shares of Intervest as of today, 26 May 2020, amounts to 25.500.672. The remaining dividends are paid in cash for a total gross amount of € 21,4 million (including withholding taxes).

This capital increase provides a decrease of the debt ratio of 1,8% compared to a 100% distribution of the dividend in cash. In order to pursue the optimisation of the quality of its portfolio, the funds not paid out in cash will be used by Intervest for financing its strategic plans, whereby further expansion in logistics real estate and reorientation in the office portfolio form the general principles.

The actual settlement of the dividend payment will take place as at Wednesday 27 May 2020, 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 2019 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 Wednesday 27 May 2020 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 2020 (first dividend payable in May 2021).

PRESS RELEASE

Result of the optional dividend in shares for financial year 2019

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 843.669 new shares at a total issue price of € 16.265.938,32 - more precisely € 7.687.867,05 capital and € 8.578.071,27 share premium - the total share capital of Intervest amounts as at 26 May 2020 to € 232.372.857,10.

The capital is represented from now on by 25.500.672,00 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) founded in 1996, of which the shares have been listed on Euronext Brussels (INTO) since 1999. Intervest invests in high-quality office buildings and logistics properties that are leased to first-rate tenants. The properties in which Intervest invests consist primarily of up-to-date buildings that are strategically located, often in clusters. The office segment of the real estate portfolio focuses on the central cities of Antwerp, Mechelen, Brussels and Leuven and their surroundings; the logistics segment of the portfolio in Belgium is located on the Antwerp - Brussels - Nivelles, Antwerp - Limburg - Liège, and Antwerp - Ghent - Lille axes and, in the Netherlands, on the Moerdijk - 's Hertogenbosch - Nijmegen, Rotterdam - Gorinchem - Nijmegen and Bergen-op-Zoom - Eindhoven - Venlo axes. Intervest distinguishes itself when leasing space by offering more than square metres only. The company goes beyond real estate by offering "turnkey solutions" (a total solution tailored to and with the customer), extensive service provision, co-working and ready-to-use offices.

For more information, please contact:

INTERVEST OFFICES & WAREHOUSES NV, public regulated real estate company under Belgian law, Gunther Gielen, ceo, or Inge Tas, cfo. Tel.: + 32 3 287 67 87. http://www.intervest.be/en