Banimmo SA — Board/Management Information 2015

Nov 2, 2015

PRESS RELEASE

Regulated information 2 November 2015: 8.30 am

Evolution of Banimmo's governance _____________________________________________________________________________

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The board of directors of Banimmo, held on October 29 2015, under the presidency of Maryse Aulagnon has approved a number of changes at the level of the governance and the management of the company:

• It was decided by mutual consent that the function of Christian Terlinden (Sprl Stratefin) as CEO of the company will be terminated as of today. The Board of directors thanks Christian Terlinden for the quality of the work he has accomplished since 2005, first as CFO and subsequently as CEO, and particularly on a number of important projects for the company. He will continue to remain involved in several important ongoing investments.
• Alain Chaussard, director of the company and also CEO of Affine (reference shareholder of Banimmo), has been appointed CEO and will assure as such the presidency of the Executive committee, until the appointment of the future CEO whose recruitment will soon be launched.
• Cedric De Laet, CFO, becomes member of the Executive committee where he joins Alain Chaussard, CEO, Filip de Poorter, COO Belgium, Petra Sobry, Group General Secretary and Olivier Durand, General Director of Banimmo France;
• Didrik van Caloen, as Vice-Chairman of the Board of Directors has been entrusted with a temporary mission of supervision of the activities in Belgium and will therefore participate to the work of the Executive Committee.

These changes aim strengthening the collegiality and the governance of the company around the shareholders and the main directors, in order to successfully conclude the current operations and to implement the strategy.

For more information, please contact:

Banimmo Maryse Aulagnon Didrik van Caloen 1932 Zaventem Tel. : +33 1 44 90 43 10 Tel. : +32 2 710 53 70

Lenneke Marelaan 8 Chairman of the Board Vice-Chairman of the Board www.banimmo.be maryse.aulagnon@affine.fr didrik.vancaloen@banimmo.be

About Banimmo

Banimmo stands out as a specialized player capable of producing or transforming a real asset meeting the requirements and the highest standards of institutional investors, as well as developing built-to-suit projects meeting the occupants' needs.

This competence is applicable to both the office building sector (in which Banimmo is an historic player) and the retail segment or niche segments (hotels, nursing homes and so on).

The company has around 30 employees. The total value of the real-estate portfolio was €384.2 million as of the end of June 2015. Belgium constitutes the predominant market, with 66% of the portfolio in terms of market value. France represents a little more than 34% of Banimmo's portfolio. The portfolio is continually evolving as a result of ongoing repositioning and the high rotation of the assets. Currently this company is owned by Affine (49.51%) and the management (23.28%) which have concluded a shareholders' agreement. The remaining 27.21% is owned by the public.