Montea extends its presence in the North Sea Port in Ghent

Montea grows its footprint in Port of Ghent by acquiring a site from Tailormade Logistics (TML) through a contribution in kind
Montea issues 148,396 new shares at €82.00 per share

Montea extends its presence in the Port of Ghent, via the contribu�on in kind of a 20,000 m2 site. The site has been contributed by Tailormade Logis�cs (TML), who will lease it back for at least 10 years.

TML is a Belgian transporta�on and logis�cs company, opera�ng out of strategically located hubs across Belgium and the Netherlands. For more than 25 years, the Company has been headquartered on a site spanning more than 20,000 m² in the Port of Ghent. The site features a 12,000 m2 warehouse and a 2,000 m2 office building.

As part of the transac�on, Montea has signed a new agreement with North Sea Port for the site, making it the third logis�cs facility in the Port of Ghent to be added to the Montea por�olio. In addi�on to TML, other Montea tenants in the port include DSV Solu�ons, Tropack and Facil Europe. Montea's acquisi�on of the TML site represents an investment of approximately €12 million, on an expected yield of ca. 6.7%. CBRE advised TML on the sell-side.

"The Port of Ghent is a key trade and logistics hub, so we are extremely pleased to be further expanding our presence and reach here. The number of roads, waterways and railroads intersecting here make it a highly strategic location. This move further demonstrates our commitment to continue investing in multimodal hubs and delivering high-quality logistics solutions for an ever-changing European market," said Xavier Van Reeth, Montea Country Director, Belgium.

Montea has focused on sale and leaseback transac�ons in recent years, most recently with companies such as Publiganda and Transuniverse.

TML con�nues to grow in Ghent

"This transaction with Montea not only allows us to free up capital for further growth and investment, but also gives us the certainty that we can remain in the Port of Ghent, where we have been operating since our Company was first founded 25 years ago. We are also already a Montea tenant in Tongeren, so we are fully aware of the benefits that our strategic partnership can bring. We look forward to further strengthening our collaboration," said Bert Vandecaveye, CEO – Tailormade Logistics.

Acquisi�on through contribu�on in kind

This acquisi�on was completed via a contribu�on in kind of the site to Montea. The contribu�on in kind was completed in exchange for the issue of 148,396 new Montea shares to TML. The new shares were issued as part of a share capital increase, approved by Montea's sole director pursuant to the statutory authoriza�on regarding authorized capital. The issue price was set at €82.00 per share and is based on the volume-weighted average closing price of Montea shares as detailed on the Euronext Brussels website three trading days prior to 14 May 2024, min 3.19 %. The transac�on strengthens the equity by €12,168,528.54, of which €3,024,301.79 is share capital and €9,144,226.75 is share premiums.

The new Montea shares are the same type as Montea's exis�ng shares and have the same rights (including the dividend right for the 2023 fiscal year, which began on January 1, 2023 and the dividend right for the current 2024 fiscal year) as Montea's exis�ng shares. These new shares are expected to be listed on Euronext Brussels and Euronext Paris no later than 16 May 2024, under the same ISIN code as the exis�ng Montea shares (BE0003853703).

Disclosure in accordance with Ar�cle 15 of the Law of May 2, 2007, rela�ng to the disclosure of major shareholdings

Upon comple�on of this share capital increase and the issuance of new shares, Montea's total issued share capital as at 14 May 2024 2024 is €413,099,109.56, represented by 20,269,887 fully paid-up ordinary shares. There are no preferred or non-vo�ng shares, conver�ble bonds or subscrip�on rights en�tling the holder to shares. Each of these shares grants one vo�ng right at the general mee�ng of shareholders and these shares therefore represent the denominator for purposes of no�fica�ons under the transparency regula�ons (i.e. no�fica�ons in the event of reaching, exceeding or falling below statutory or legal thresholds). In addi�on to the statutory thresholds of 5% and mul�ples of 5%, Ar�cle 9 of Montea's ar�cles of associa�on provides for an addi�onal statutory threshold of 3%.

ABOUT MONTEA "SPACE FOR GROWTH"

Montea NV is a listed real estate company under Belgian law (GVV/SIR) that specializes in logis�cs property in Belgium, the Netherlands, France, and Germany. The company is a leading player in this market. Montea offers its clients the space they need to grow, providing versa�le and innova�ve property solu�ons, allowing Montea to create value for its shareholders. At March 31, 2024 the property por�olio comprises a total letable area of 1,909,834 m², spread across 96 loca�ons. Montea NV has been listed on Euronext Brussels (MONT) and Euronext Paris (MONTP) since the end of 2006.

PRESS CONTACT MORE INFO

[email protected] | +32 53 82 62 62 www.montea.com

AI Terminal

Montea N.V.

3978_mrq_2024-05-15_6b8626c3-84f2-46ca-b7fa-18d01fb4b30c.pdf