Aedifica SA

Share Issue/Capital Change • May 7, 2019

Not for direct or indirect distribution, publication or release to or within the United States of America, Australia, Canada, Japan, South Africa, Switzerland or any other country or jurisdiction where its dissemination would be contrary to law. Other restrictions apply.

PRESS RELEASE Regulated information

7 May 2019

AEDIFICA

Public limited liability company Public regulated real estate company under Belgian law Registered office: Rue Belliard 40 (box 11), 1040 Brussels Enterprise number: 0877.248.501 (RLE Brussels, French division) (the "Company")

Admission to trading of new shares on the regulated market of Euronext Brussels

Publication of a new denominator in accordance with article 15 of the Act of 2 May 2007

Following a public offering of New Shares within the framework of a capital increase in cash within the authorised capital with Priority Allocation Rights, 6,147,142 New Shares were issued today. Consequently, the total number of Aedifica shares amounts to 24,588,568.

The New Shares were issued without coupon No. 21 attached, which grants the right to a pro rata temporis dividend up to and including 6 May 2019, for the current financial year 2018/2019, which ends on 30 June 2019. These New Shares shall therefore only participate in the results of the current financial year 2018/2019 as from 7 May 2019. Coupon No. 21 was detached on 24 April 2019 after closing of the markets. The existing shares and the new shares each have coupon No. 22 and following attached, and are thus fungible.

Each of these shares confers the right to one vote at the General Meeting of Shareholders and the total number of shares (i.e. 24,588,568) thus represents the new denominator for purposes of notifications within the framework of the transparency regulation. Following this transaction, the share capital of Aedifica amounts to EUR 648,837,816.39.

This information, as well as the shareholding structure, is available on the website of Aedifica SA/NV (www.aedifica.eu).

The 6,147,142 new Aedifica shares issued today are admitted to trading on the regulated market of Euronext Brussels and have the same ISIN-code as the existing Aedifica shares (BE0003851681).

Not for direct or indirect distribution, publication or release to or within the United States of America, Australia, Canada, Japan, South Africa, Switzerland or any other country or jurisdiction where its dissemination would be contrary to law. Other restrictions apply.

PRESS RELEASE Regulated information

7 May 2019

Aedifica is a Regulated Real Estate Company under Belgian law specialised in healthcare real estate, particularly in senior housing. Aedifica has developed a portfolio worth more than €2.3 billion in Belgium, Germany, the Netherlands and the United Kingdom.

Aedifica has been quoted on Euronext Brussels (regulated market) since 2006 and is identified by the following ticker symbols: AED; AED:BB (Bloomberg); AOO.BR (Reuters).

The Company's market capitalisation was approx. €1.5 billion as of 30 April 2019.

Aedifica is included in the EPRA indices.

For all additional information

Delphine Noirhomme

Investor Relations Manager

T +32 2 210 44 98 delphine.noirhomme@aedifica.eu www.aedifica.eu

IMPORTANT INFORMATION

These written materials are not for direct or indirect distribution, publication or release in the United States of America or to US persons or persons resident in Australia, Canada, Japan, South Africa or Switzerland. The information contained herein does not constitute an offer of securities for sale in the United States of America, Australia, Canada, Japan, South Africa or Switzerland.

The Company's securities have not been, nor will be, registered under the US Securities Act of 1933, as amended (the "Securities Act") or with any other securities regulatory authority of any state or other jurisdiction in the United States of America. The securities may not be offered or sold in the United States of America without prior registration under the Securities Act, or unless the transaction is exempt from, or not subject to, the registration requirements of the Securities Act and any applicable state securities laws. Aedifica NV/SA will not register any portion of the offer in the United States of America or conduct a public offer of securities in the United States of America.

An investment in shares entails significant risks. Relevant investors should read the prospectus that is made available on the website of Aedifica NV/SA, www.aedifica.be/en/prospectus.

This document is not a prospectus and investors should not subscribe for or purchase any shares referred to herein except on the basis of the information contained in the prospectus.