Aedifica SA

Transaction in Own Shares • Nov 25, 2015

PRESS RELEASE Regulated information

25 November 2015 – after closing of markets Under embargo until 17:40 CET

AEDIFICA

Public limited liability company Public regulated real estate company under Belgian law Registered office: avenue Louise 331-333, 1050 Brussels Enterprise number: 0877.248.501 (RLE Brussels) (the "Company")

Repurchase of own shares

In accordance with article 207 of the Royal Decree of 30 January 2001 executing the Companies Code, Aedifica announces the acquisition, on 19 and 20 November 2015, of 1,700 treasury shares on Euronext Brussels at an average price of €60.47 per share. This share repurchase has been carried out to hedge the "long term incentive plan" of some of Aedifica's Executive Managers, by virtue of the power granted to the Board of Directors by the General Meeting of Shareholders on 24 June 2013.

Detailed operations per day

Date	Number of shares	Average price (€)	Mimum price (€)	Maximum price (€)	Total price (€)
19 November 2015	500	60.32	60.20	60.40	30,160.00
20 November 2015	1,200	60.53	60.30	60.70	72,641.65
Total	1,700	60.47			102,801.65

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

PRESS RELEASE Regulated information

25 November 2015 – after closing of markets Under embargo until 17:40 CET

Aedifica is a public Regulated Real Estate Company under Belgian law specialised in residential property. Aedifica has developed a portfolio worth more than €1 billion, focused on two strategic pillars:

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

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

The Company's market capitalisation was €856 million as of 30 October 2015.

Aedifica is included in the EPRA indices.

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