CpiFim — Capital/Financing Update 2012

Oct 9, 2012

Press Release

Paris, 9 October 2012

Orco Property Group Remaining outstanding amount of OPG bonds following issuance of New Notes

Following the issuance of EUR 73,051,200 of new notes (the "New Notes", ISIN code XS0820547742) issued by Orco Property Group ("OPG") on 4 October 2012, the remaining outstanding amounts of the group's bonds are as follows:

ISIN code		Nominal amount	Number of bonds
R0010249599	2010 OPG Bonds	72 726,60 €	106
CZ0000000195	2011 OPG Bonds	2 713 666,67 €	7
XS0223586420	2012 OPG Bonds	230 183,29 €	8 843
FR0010333302	2013 OPG Bonds	880 578,00 €	6 381
XS0291838992	2014 OPG Bonds	108 328,60 €	74
XS0291840626	2014 OPG Bonds	0 €	0
	Orco Germany
XS0302623953	Bonds	41 912,00 €	62
Total		4 047 395,16 €

The book value of the remaining OPG bonds subject to the Safeguard plan amounts to EUR 1.1 million as of the end of September 2012 (EUR 4 million in nominal amount). The total bond liability for the group is thus EUR 74.1 million.

OPG bonds (other than the New Notes) will entitle holders to payments until 2020 pursuant to OPG's Safeguard plan. Any 30 April 2012 Safeguard payment that still remains outstanding on OPG bonds will be paid by 31 October 2012. The Orco Germany bonds will mature on 31 December 2050 with an annual interest rate of 0.5% and the interest payment originally scheduled for 30 May 2012 is due 31 December 2050, pursuant to the amendments voted by the general meetings of the holders of the Orco Germany bonds held on 7 May 2012 and 29 May 2012.

For more information, visit our shareholder corner on www.orcogroup.com