Eurocommercial Properties N.V. De Boelelaan 7, 1083 HJ Amsterdam P.O. Box 15542, 1001 NA Amsterdam Tel: +31 (0)20 530 60 30
PRESS RELEASE
Date: 30 May 2025 Release: Before opening of Euronext
STOCK DIVIDEND ISSUE PRICE
Eurocommercial today announces the scrip issue price for its final dividend. Shareholders have the option to take:
- A cash dividend
- New shares from the share premium reserve
- A combination of both in any proportion they wish
Those who take new shares from the share premium reserve instead of the proposed final cash dividend of €1.12 per share, will receive 1 (one) new share for every 25 (twenty-five) shares held. This is equal to a price of €28.00 per share or a percentage of 4 and is in line with Eurocommercial's practice of pricing the new shares higher than the prevailing stock price to avoid over-dilution of existing shares as much as possible.
These new shares will rank pari passu with pre-existing shares in respect of the financial year 2025. Investors have until Monday 23 June 2025 at 17.45 hours (CET) to make their choice known via their financial institution. Financial institutions may set an earlier deadline for shareholders to make their choice known in order to permit the financial institution to communicate these choices to the paying agent ABN AMRO Bank N.V. If no instruction is given before 17.45 hours (CET) on 23 June 2025, the dividend will be payable in cash only. The new shares will be issued on Thursday 3 July 2025.
Shareholders should carefully consider whether to opt for a dividend in cash or stock, or a combination of the two, and should calculate which option is most attractive taking into account their individual circumstances.
A distribution of cash dividend is, in principle, subject to 15% Dutch dividend withholding tax (a lower rate could be applicable under a tax treaty) while a distribution in new shares charged to the fiscal share premium reserve of Eurocommercial is not. The announced scrip issue price will most likely differ from prevailing stock prices on 3 July 2025, the distribution date and, therefore, may be less or more attractive for a number of investors.
Due to the dividend distribution obligation associated with being a Dutch fiscal investment institution (fiscale beleggingsinstelling) it may be possible that in the exceptional situation that all shareholders jointly request to be paid out in new shares for more than 75% of the final dividend amount, such shareholders will then receive their new shares on a pro rata basis, whereby the remainder being paid out in cash after deducting 15% Dutch dividend withholding tax.

The proposal to declare a total dividend over the financial year ended 31 December 2024 of €1.80 will be tabled for approval at the Annual General Meeting to be held on Tuesday 3 June 2025.
On 30 January 2025 an interim cash dividend of €0.68 per share was paid (representing 40% of the total cash dividend distributed in the financial year 2024, in line with the Company's dividend policy), leaving a final cash dividend of €1.12 per share to be paid on Thursday 3 July 2025. It is also proposed that, subject to above mentioned limitations, the Company will offer shareholders the option of taking new shares from the Company's share premium reserve, instead of a final cash dividend of €1.12 per share at the issue price announced today and to be issued on Thursday 3 July 2025.
Amsterdam, 30 May 2025
Board of Management
Evert Jan van Garderen Roberto Fraticelli
About Eurocommercial
Eurocommercial Properties N.V. is a Euronext-quoted property investment company and one of Europe's shopping centre specialists. Founded in 1991, Eurocommercial currently owns and operates 24 shopping centres in Belgium, France, Italy, and Sweden with total assets of almost €4 billion.
www.eurocommercialproperties.com
For additional information please contact:
Ilaria Vitaloni, Investor Relations Officer Tel: +44 777 5428833 [email protected]