Gecina

Capital/Financing Update • May 23, 2018

Paris, May 23, 2018

General Meetings convened for Eurosic and Foncière de Paris bondholders

As part of the Gecina Group's ongoing drive to optimize its financial structure following Eurosic's integration, General Bondholders' Meetings have been convened for the bonds issued through private placements between 2012 and 2015 by Eurosic (three issues) and Foncière de Paris (six issues).

The bondholders are invited to approve a proposal to replace the initial issuers (Eurosic and Foncière de Paris) with Gecina SA, transferring all of these subsidiaries' outstanding bonds (c.€720m) to Gecina SA, in line with the approach already implemented for all of the Group's unsecured bank debt. This operation is in line with the strategy to optimize and simplify the management of the Group's financing.

Gecina confirms that this operation would not have any impact on its consolidated financial structure, notably on its average cost and its repayment schedule.

Gecina, living the city in a different way

Gecina owns, manages and develops property holdings worth 19.6 billion euros at end-2017, with nearly 93% located in the Paris Region. The Group is building its business around France's leading office portfolio and a diversification division with residential assets and student residences. Gecina has put sustainable innovation at the heart of its strategy to create value, anticipate its customers' expectations and invest while respecting the environment, thanks to the dedication and expertise of its staff.

Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris, and is part of the SBF 120, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good, DJSI Europe and World, Stoxx Global ESG Leaders and Vigeo indices. In line with its community commitments, Gecina has created a company foundation, which is focused on protecting the environment and supporting all forms of disability.

www.gecina.fr

GECINA CONTACTS

Financial communications Press relations Samuel Henry-Diesbach Tel: +33 (0)1 40 40 52 22 samuelhenry-diesbach@gecina.fr

Virginie Sterling Tel: +33 (0)1 40 40 62 48 virginiesterling@gecina.fr

Julien Landfried Tel: +33 (0)1 40 40 65 74 julienlandfried@gecina.fr

Armelle Miclo Tel: +33 (0)1 40 40 51 98 armellemiclo@gecina.fr