Aldar Properties PJSC — Capital/Financing Update 2017

Dec 19, 2017

PRESS RELEASE

==> picture [72 x 72] intentionally omitted <==

ALDAR PROPERTIES COMPLETES ACQUISITION OF INTERNATIONAL TOWER for AED 658 MILLION

Acquisition further complements Aldar’s high-quality asset management portfolio Increases size of office portfolio by 19% to over 240,000 sqm net leasable area

Abu Dhabi, UAE, 20 December 2017: Aldar Properties PJSC (“the Company”), Abu Dhabi's leading listed property development, investment and management company, has completed the acquisition of International Tower, a high-quality office tower located in Capital Gate district of Abu Dhabi for AED 658 million. International Tower comprises 39,000 sqm NLA of Grade A commercial space and will immediately contribute to Aldar’s net operating income supported by a strong mix of existing tenants and robust occupancy.

The asset will complement Aldar’s existing AED 18 billion asset management portfolio of high-quality real estate assets across the retail, residential, office and hospitality sectors and further supports Aldar’s asset management strategy to grow net operating income.

The Capital Gate district is home to a vibrant combination of private and public sector organisations, as well as a range of hospitality outlets and the Abu Dhabi National Exhibition Centre. International Tower is located at the heart of this premier business hub, so is well positioned to attract a high-quality mix of tenants. Key anchor tenants include Abu Dhabi Systems & Information Centre (ADSIC), AECOM, Wood Group, McKinsey & Company and BAE Systems.

Commenting on the acquisition, Talal Al Dhiyebi, Chief Executive Officer of Aldar Properties , said: “The acquisition of International Tower clearly demonstrates our belief in the strength of Abu Dhabi’s commercial real estate market. With a strong mix of existing tenants, this grade A office tower will make an immediate contribution to net operating income, in line with our strategy to grow recurring income from our portfolio of high-quality assets. Supported by our strong balance sheet, we will continue to assess the market for opportunities that will further drive growth of our portfolio.”

In addition to the acquisition of International Tower, Aldar also recently announced it will retain a proportion of the Water’s Edge residential development for its asset management portfolio. These announcements demonstrate Aldar’s ambition to further invest in developing a world class, high-quality asset management portfolio.

- ENDS -

PRESS RELEASE

==> picture [72 x 72] intentionally omitted <==

For further information, please contact:

Investors: Media: Chris Wilson Nick Farmer / Obaid Al Yammahi Amy Piek Aldar Properties Aldar Properties Hanover Communications +971 2 810 5624 +971 2 810 5555 +971 55 459 3260

For more information on Aldar please visit www.aldar.com or follow us on:

==> picture [33 x 33] intentionally omitted <==

==> picture [34 x 33] intentionally omitted <==

==> picture [33 x 33] intentionally omitted <==

About Aldar

Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.

From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate.

Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island’s F1 circuit.

Aldar’s shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for i ts shareholders.

Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail - Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.

Aldar is driven by a vision to be the most trusted and recognized real estate lifestyle developer in Abu Dhabi and beyond.

www.aldar.com