Cofinimmo — M&A Activity 2012

Apr 12, 2012

PRESS RELEASE

REGULATED INFORMATION Embargo until 12.04.2012, 8:00 AM CET

ACQU IS ITI ON OF 100% OF THE SHARE S OF THE COM PANY IM MO PO L DENDER MON DE SA, OWNE R OF A NE WLY B UI LT POL ICE STAT ION, LO CATED IN DENDE R MON D E

Brussels, 12.04.2012, 8:00 AM CET

On 11.04.2012, the Cofinimmo Group acquired 100% of the shares of the company Immopol Dendermonde SA held by the companies Cordeel Zetel Temse SA and Cordeel Zetel Hoeselt SA. The company Immopol Dendermonde SA has as sole asset a building located in Dendermonde, Kroonveldlaan 30, the construction works of which have been delivered at the end of March.

The building is rented for a 18-year period to the Buildings Agency (Belgian Federal State), through a lease contract that started on 01.04.2012. It will be occupied by the Federal Police as from this month, the exact entry date not yet being defined. The rent will be indexed annually. At the end of the lease, the Buildings Agency can choose to a) renew the lease for a minimum period of three years, b) vacate the building, or c) buy the building at a price equal to the conventional value depreciated at a 3% rate per year.

The conventional value of the building is equal to €15.57 million, land included. This value is not superior to the fair value of the asset as determined by the independent real estate expert. The initial gross yield stands at 7%. The price of 100% of the shares of Immopol Dendermonde SA is equal to the value of its equity on the acquisition date, plus the difference between the conventional value of the building and its book value.

The building, which has an area of over 9,000m², enjoys an excellent energy performance and thermal isolation level: E 12 (compared to a maximum level allowed in the Flemish Region of E 100) and K 20 (compared to a maximal level allowed in the Flemish Region of K 45).

This transaction fits perfectly in Cofinimmo's investment strategy, since it concerns a real estate asset dedicated to public use, rented on a long term basis to a first-class tenant.

PRESS RELEASE

REGULATED INFORMATION

Embargo until 12.04.2012, 8:00 AM CET

For more information: Valérie Kibieta Chloé Dungelhoeff Tel.: +32 2 373 60 36 Tel.: +32 2 777 08 77

Investor Relations Manager Corporate Communications Manager vkibieta@cofinimmo.be cdungelhoeff@cofinimmo.be

About Cofinimmo

Cofinimmo is the foremost listed Belgian real estate company specialising in rental property. The company owns a property portfolio worth over €3.19 billion, representing a total area of 1,790,071m². Its main investment segments are office property, care homes and distribution property networks. Cofinimmo is an independent company, which manages its properties in-house. It is listed on Euronext Brussels (BEL20) and benefits from the Belgian fiscal Sicafi regime and the French SIIC regime. At 31.12.2011, its total market capitalisation stands at €1.35 billion.

www.cofinimmo.com