Qrf

Notice of Dividend Amount • Jun 10, 2021

Shareholders opt for 56.8% of shares for optional dividend

PRESS RELEASE

10 JUNE 2021 — 17.45 Regulated information

Result of the optional dividend

SHAREHOLDERS OPT FOR 56,8% OF SHARES FOR OPTIONAL DIVIDEND

The shareholders of Qrf opted for 56.8% of their shares to contribute dividend rights in exchange for new shares. This results in a strengthening of Qrf's equity (capital and share premium) of EUR 2.27 million through the issue of 193,354 new shares. This will bring the total number of Qrf shares to 7,346,676.

The remaining dividend rights will be paid in cash for a net amount of EUR 1.73 million.

The effective settlement of the dividend will take place as of 11 June 2021 whereby, depending on the choice of the shareholders, (i) the new shares issued in exchange for the contribution of dividend rights will be delivered, (ii) the payment of the dividend in cash will take place, or (iii) a combination of both aforementioned payment modalities will take place.

This transaction will strengthen the company and the funds will be used to support the further roll-out of the strategy.

PUBLICATION IN ACCORDANCE WITH ARTICLE 15 OF THE LAW OF 2 MAY 2007

Upon completion of this capital increase and the issuance of 193,354 new shares at a total issue price of EUR 2,273,843.04 (i.e. EUR 193,354 capital and EUR 2,080,489.04 issue premium), Qrf's capital will amount to EUR 7,346,676 as of 11 June 2021. As of that date, the capital will be represented by 7,346,676 fully paid-up ordinary shares. There are no preference shares and each of these shares carries one voting right at the General Meeting. These shares represent the denominator for notifications in the context of the transparency regulations.

For more information:

William Vanmoerkerke CEO william.vanmoerkerke@qrf.be Tom Schockaert CFO tom.schockaert@qrf.be

Over Qrf:

Qrf is a listed Belgian REIT (BE-REIT) specializing in the niche market of inner-city properties in Belgium and the Netherlands. More specifically, the company focuses on the acquisition, development and leasing of retail, leasure and hotel real estate. On 31 March 2021, the portfolio consists of 36 shopping sites with a total Fair Value of 203 MEUR. Qrf has been listed on Euronext Brussels (QRF:BB) since December 2013. On 31 March 2021, the market capitalization is 86 MEUR.

www.qrf.be