Cofinimmo — Share Issue/Capital Change 2023

Jun 1, 2023

REGULATED INFORMATION Brussels, 01.06.2023, 5:40 p.m. CET PRESS RELEASE

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISCLOSURE OTHERWISE, EITHER DIRECTLY OR INDIRECTLY, IN FULL OR IN PART IN OR TO THE UNITED STATES, CANADA, JAPAN, SWITZERLAND, SOUTH AFRICA OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE THIS WILL LEAD TO A VIOLATION OF THE RELEVANT LEGISLATION.

Result of the optional dividend in shares offer

Introduction¹

The ordinary general meeting of 10.05.2023 had decided to distribute for the 2022 financial year a gross dividend of 6.20 EUR per share² .

The board of directors decided to offer shareholders the choice between receiving the dividend payment for the year 2022 in new shares or in cash, or to opt for a combination of both means of payment. The subscription price of one new share was set at 73.78 EUR. The new shares will be entitled to Cofinimmo's results (Euronext Brussels: COFB) as from 01.01.2023 (first dividend payable in 2024).

Shareholders were invited to communicate their choice between the different payment modalities between 17.05.2023 and 31.05.2023.

Result of the offer

A total of 31% of the 2022 dividend coupons were contributed to the capital against new shares.

This will result in the issuance of 559,974 new shares for a total amount of 44.3 million EUR.

The remaining dividend pay-out will be settled in cash for a net total amount of 98.3 million EUR³ . The payment in cash and/or the delivery of securities will be made as from 05.06.2023. The effective day of listing of the new shares will be 07.06.2023.

As a result, Cofinimmo's share capital will be represented by 33,477,703 shares.

Jean-Pierre Hanin, CEO of Cofinimmo: "We are satisfied with the 31% subscription rate and would like to thank our shareholders for their renewed trust. Taking into account market conditions since the launch of the offer, this is a noticeable result compared to the average subscription rate since 2020 (i.e. 46.6%). This transaction enables to reduce the group's debt-to-assets ratio by 0.7%, a positive effect that was not included in the 2023 budget."

¹ See also our press release dated 10.05.2023, available on the website.

² After deduction of a 30% withholding tax, this corresponds to a net dividend of 4.34 EUR per share.

³ Amount from which the withholding taxes on dividends relating to reinvested and non-reinvested coupons has been deducted.

REGULATED INFORMATION Brussels, 01.06.2023, 5:40 p.m. CET

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISCLOSURE OTHERWISE, EITHER DIRECTLY OR INDIRECTLY, IN FULL OR IN PART IN OR TO THE UNITED STATES, CANADA, JAPAN, SWITZERLAND, SOUTH AFRICA OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE THIS WILL LEAD TO A VIOLATION OF THE RELEVANT LEGISLATION.

For more information:

Philippe Etienne Lynn Nachtergaele Head of External Communication Head of Investor Relations Tel.: +32 2 373 60 32 Tel.: +32 2 777 14 08 petienne@cofinimmo.be lnachtergaele@cofinimmo.be

About Cofinimmo:

Cofinimmo has been acquiring, developing and managing rental properties for almost 40 years. The company has a portfolio spread across Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland, Italy and the United Kingdom with a value of approximately 6.3 billion EUR. Responding to societal changes, Cofinimmo's mission is to provide highquality care, living, and working spaces to partner-tenants for their occupants to enjoy. 'Caring, Living and Working - Together in Real Estate' is the expression of this mission. Thanks to its expertise, Cofinimmo has assembled a healthcare real estate portfolio of approximately 4.5 billion EUR in Europe.

As an independent company applying the highest standards of corporate governance and sustainability, Cofinimmo offers tenant services and manages its portfolio through a team of approximately 160 employees in Brussels, Paris, Breda, and Frankfurt and Madrid.

Cofinimmo is listed on Euronext Brussels (BEL20) and benefits from the REIT status in Belgium (RREC), France (SIIC) and the Netherlands (FBI). Its activities are supervised by the Financial Services and Markets Authority (FSMA), the Belgian regulator.