Aedifica SA

Pre-Annual General Meeting Information • Sep 24, 2014

PRESS RELEASE Regulated information

24 September 2014 – Before opening of markets Under embargo until 8:00 CET

Press release

Convocation to the Annual General Meeting Optional stock dividend

Shareholders, Directors and the Statutory Auditor of Aedifica SA are invited to attend the Annual General Meeting to be held on 24 October 2014 at 15:00 PM at the Thon Hotel Bristol Stephanie located avenue Louise 91-93 in 1050 Brussels.

All documents related to the Meeting are available on the Company website (www.aedifica.be/en/general-meetings-2014):

• Convocation;
• Proxy;
• Agenda.

The practical formalities of participation in the Annual General Meeting are described in the convocation.

As previously announced, the board of directors will propose to the Annual General Meeting to declare a dividend over the financial year 2013/2014 of €1.90 gross or €1.615 net per share. In this context, the board of directors of Aedifica decided to offer the shareholders an optional stock dividend.

In case of an optional stock dividend, the shareholders can choose between the payment of a dividend in cash or the contribution of their net dividend claim in the capital of Aedifica in consideration of new shares (or a combination of both options). The dividend claim attached to a certain number of existing Aedifica shares gives the right to receive one new Aedifica share, at an issue price per share which, as the case may be, may contain a discount in comparison with the stock price (possibly an average stock price over a certain period of time). The optional stock dividend will offer Aedifica the possibility to retain a part of the cashflow generated in 2013/2014 – which can be invested in its further growth. Shareholders in turn can increase their participation in Aedifica in a favourable manner.

At the occasion of the Annual General Meeting, the shareholders will be informed of the further concrete conditions of the optional stock dividend, including the issue price of the shares. The shareholders will have an option period of 14 trading days to make their choice (choice between the payment of a dividend in cash, the contribution of their net dividend claim in the capital of Aedifica in consideration of new shares or a combination of both options). Taking into account this option period and the resulting later payment of the dividend, the financial calendar is amended as follows:

PRESS RELEASE Regulated information

24 September 2014 – Before opening of markets Under embargo until 8:00 CET

Dividend ex-date	29 October 2014 (unchanged)
Dividend record date	30 October 2014 (unchanged)
Option period	31 October 2014 until 19 November 2014
Delivery new shares and payment dividend	24 November 2014 (instead of 31 October 2014)
in cash

The English version of this press release constitutes a free translation of the text in the French language, made for information purposes only. In case of inconsistency with the French version or inaccuracy of the English translation, the French text shall prevail.

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Aedifica is a Belgian listed property company investing in residential real estate. Aedifica has developed a real estate portfolio of more than €750 million, with investment activities focussed on two strategic pillars:

• - senior housing in Belgium and Germany;
• - apartment buildings in Belgium's main cities.

Aedifica is a Belgian REIT quoted on the Euronext Brussels (continuous market) (AED; Bloomberg (AED: BB); Reuters (AOO.BR)).

Its market capitalisation was €536 million as of 29 August 2014.

Aedifica is included in the EPRA indices.

For all additional information

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