Cofinimmo — Share Issue/Capital Change 2011

Apr 21, 2011

EMBARGO UNTIL 21.04.2011 – 03:00 PM NOT FOR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

Results of the priority allocation of Cofinimmo's convertible bond offering

Brussels, 21.04.2011, 03:00 PM CET

Cofinimmo SA (Euronext Brussels: COFB) launched on April 15, 2011 an offering of 1,486,379 bonds at a subscription price of €116.60 per bond or 100% of nominal value. The bonds are due April 28, 2016 and are convertible into ordinary shares of the company. The offering totals €173.3 million.

The bonds were initially offered and provisionally allotted (subject to clawback) only to institutional investors following an accelerated book-building on April 15, 2011, and then to existing retail and institutional shareholders via a three-day priority subscription period from April 18 to April 20, 2011. In total, shareholders representing 1.45% of Cofinimmo's capital (i.e. 216,680 shares) used their priority allocation rights to participate in the offering and have thus been allotted a total of 21,668 bonds.

J.P. Morgan Securities Ltd. and BNP Paribas Fortis acted as Joint Global Coordinators and also as Joint Bookrunners for the offering alongside Barclays Capital, KBC Securities and Daiwa Capital Markets Europe Limited. J.P. Morgan Securities Ltd. also acted as Lead Structurer for the offering.

The offering was based on a FSMA-approved securities note ("note d'opération/verrichtingsnota"), a registration document and a summary.

For more information: Ellen Grauls Ingrid Daerden Investor Relations Manager Group Treasurer Tel.: +32 2 373 94 21 Tel.: +32 2 373 60 42 egrauls@cofinimmo.be idaerden@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 billion, representing a total area of 1,700,000m². Its main investment segments are office property and care homes. 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 31.12.2010, its total market capitalisation stood at €1.5 billion.

www.cofinimmo.com

Disclaimer

This announcement is not for distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan or in any other jurisdiction in which such distribution would be prohibited by applicable law.

This announcement is for general information only and does not form part of any offer to sell, or the solicitation of any offer to buy, securities. The distribution of this announcement and the offer and sale of the securities described in this announcement may be restricted by law in certain jurisdictions. Any persons reading this announcement should inform themselves of and observe any such restrictions.

Any offering and any related formal documentation will be subject to conditions and termination events, including those which are customary for such offerings.

Any such offering will not complete unless such conditions are fulfilled and any such termination events have not taken place or the failure to fulfil such a condition or the occurrence of a termination event has been waived, if applicable.

This announcement is not an offer of securities in the United States or any other jurisdiction. The convertible bonds (and the company's shares) may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"). Cofinimmo does not intend to register any portion of the planned offer in the United States or to conduct an offering of securities in the United States. The offering is being conducted outside the United States in accordance with Regulation S under the Securities Act.

Any purchase of or application for convertible bonds pursuant to the offering should only be made on the basis of the information contained in the Prospectus that will be issued by the Issuer in due course in connection with the offering.