Intervest Offices & Warehouses NV

Board/Management Information • Dec 23, 2019

PRESS RELEASE

Regulated information - inside information Embargo until 23/12/2019, 8:00 am

Antwerp, 23 december 2019

Intervest Offices & Warehouses appoints new ceo

The board of directors of Intervest appoints Gunther Gielen as ceo and chairman of the management committee.

Subject to approval by the FSMA, Gunther Gielen will take over in the first quarter of 2020 the duties of Jean-Paul Sols, who announced his departure in June of this year.

"We are overjoyed by the appointment of Gunther Gielen as Intervest's ceo. We have every confidence that not only Gunther Gielen's personality but also his skills and experience align with our company's strategic vision and we believe fully that our plans for further growth will be realised."

Jean-Pierre Blumberg - chairman of the board of directors

After completing his studies at KU Leuven and the Universiteit Antwerpen, this 46-year-old commercial engineer began his career in finance at Bacob. Since then he has worked in various positions relating to the investment policies of banks and insurers alike and, more specifically, managing indirect real estate portfolios. Since May 2014, he has acted as the managing director of Belfius Insurance Invest nv (which invests in bonds and listed real estate), in addition to a position as Managing Director at Auxipar nv (investment firm with stakes in energy and pharmaceuticals among others) since June 2018.

"I have every confidence in Gunther Gielen's maintenance of Intervest's current strategic path and his assurance of its long-term future together with the management committee."

Jean-Paul Sols - ceo Intervest

PRESS RELEASE

Intervest Offices & Warehouses appoints new ceo

Intervest's board of directors would like to thank Jean-Paul Sols once again for his many years of dedication and his important contributions to the development of Intervest.

"I am very pleased to be included in the Intervest DNA, characterised by a team of authentic, enterprising and passionate professionals fully focused on customeroriented, sustainable value creation. These are strong and inspiring traits, which have my full support and make for a wonderful foundation on which to build. It is with great enthusiasm that I am taking on this role. I would also in particular like to thank my predecessor, Jean-Paul Sols, for his efforts in establishing a new growth strategy that benefits the company and all its stakeholders."

Gunther Gielen - successor Jean-Paul Sols

Intervest Offices & Warehouses nv, (hereinafter Intervest), is a public regulated real estate company (RREC) founded in 1996 of which the shares are listed on Euronext Brussels (INTO) as from 1999. Intervest invests in high-quality Belgian office buildings and logistics properties that are leased to firstclass tenants. The properties in which Intervest invests, consist primarily of up-to-date buildings that are strategically located in the city centre and outside municipal centres. The offices of the real estate portfolio are situated in and around centre cities such as Antwerp, Mechelen, Brussels and Leuven; the logistics properties are located on the Antwerp - Brussels - Nivelles, Antwerp - Limburg - Liège, and Antwerp - Ghent - Lille axes and concentrated in the Netherlands on the Moerdijk - 's Hertogenbosch - 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 'turn-key solutions' (a tailor-made global solution for and with the customer), extensive services provisioning, co-working and serviced offices.

For more information, please contact:

INTERVEST OFFICES & WAREHOUSES nv, public regulated real estate company under Belgian law, Jean-Paul SOLS - ceo or Inge TAS - cfo, T. + 32 3 287 67 87. http://www.intervest.be/en