Altareit — M&A Activity 2022

Mar 2, 2022

Altareit announces that the acquisition of Primonial cannot be completed under the pre-agreed conditions

As part of the pre completion work, of which various documentation have been communicated only on February 25, Altareit realised that some of the conditions agreed upon at the time of the signing of the SPA in June 2021 were not met - in terms of substance, form and timing.

Altareit deplores this situation, and will therefore not be able to complete the acquisition of Primonial as agreed with a sufficient level of legal security. Altareit will do everything in its power to assert its rights and protect its interests and those of its shareholders.

Altareit's outlook remains very positive in each of its business lines, as evidenced by the Group's excellent 2021 financial results. The Group has a healthy financial position and significant resources to finance its next growth cycle.

ABOUT ALTAREIT - FR0000039216 - AREIT

A 99.85% subsidiary of the Altarea Group, Altareit is a pure player in property development in France. Thanks to its unique multiproduct expertise, Altareit is a pioneer in mixed-use projects in French gateway cities. Altareit has the know-how in each sector required to design, develop, commercialise and manage made-to-measure real estate products. Altareit is listed in compartment B of Euronext Paris.

FINANCE CONTACTS PRESS CONTACTS

edumas@altarea.com, tel : + 33 1 44 95 51 42 nbardin@altarea.com, tel : + 33 6 85 26 15 29

Agnès Villeret - KOMODO Nicolas Leviaux, Group Media Relations Manager

Eric Dumas, Chief Financial Officer Nathalie Bardin, Head of Strategic Marketing, CSR and Innovation

agnes.villeret@agence-komodo.com, tel. : +33 6 83 28 04 15 nleviaux@altarea.com, tel : +33 1 56 26 70 86 / +33 7 60 75 17 14

Disclaimer

This press release does not constitute an offer to sell or solicitation of an offer to purchase Altareit shares. For fuller information about Altareit, please refer to the documents available on our website. www.altareit.com. This press release may contain certain forward-looking statements that are based solely on information currently available and are only valid as of the date of this document. They are not guarantees of the Altareit Group's future performance. While Altareit believes that such statements are based on reasonable assumptions at the date of publication of this document, they are by nature subject to risks and uncertainties which are unknown or that Altareit is unable to predict or control which may lead to differences between real figures and those indicated or inferred from such statements. This press release must not be published, circulated, or distributed, directly or indirectly, in any country in which the distribution of this information is subject to legal restrictions