Retail Estates sa

Major Shareholding Notification • Jan 19, 2024

PRESS RELEASE Regulatory information Ternat, January 19, 2024, 05.40 PM CET

P U B L I C A T I O N O F A T R A N S P A R E N C Y N O T I F I C A T I O N

(A R T I C L E 1 4 , F I R S T P A R A G R A P H, O F T H E B E L G I A N A C T O F 2 M A Y 2 0 0 7 O N T H E D I S C L O S U R E O F S I G N I F I C A N T P A R T I C I P A T I O N S )

TRANSPARENCY NOTIFICATION

1. SUMMARY OF THE NOTIFICATION

In accordance with the Transparency Act, Retail Estates NV/SA announces the receipt on January 18, 2024, of a transparency notification dated January 18, 2024.

The notification comes from:

• Federale Participatie- en Investeringsmaatschappij NV/SA, with registered office at 1050 Brussels, Louizalaan 32-46A, box 4, registered in the Crossroads Bank for Enterprises with company number 0253.445.063.

• Belfius Insurance NV/SA, with registered office at 1210 Sint-Joost-ten-Node, Karel Rogierplein 11, registered with the Crossroads Bank for Enterprises with company number 0405.764.064; and

• Belfius Bank NV/SA, with registered office at 1210 Sint-Joost-ten-Node, Karel Rogierplein 11, registered in the Crossroads Bank for Enterprises with company number 0403.201.185.

The notification shows that the group to which these three companies belong, holds 4,98% of the total existing voting rights, as of the 16th of January 2024 and thus has crossed below the threshold of 5% of the total existing voting rights following the disposal of voting securities or voting rights.

2. CONTENT OF THE NOTIFICATION

The notification dated January 18, 2024 contains the following information:

1. Reason for the notification

• Acquisition or disposal of voting securities or voting rights

2. Notification by

A parent company or controlling person

3. Persons subject to the notification requirement

Name	Address (for legal entities)
Federale Participatie- en	1050 Brussels, Louizalaan 32-46A
Investeringsmaatschappij NV/SA	1210 Sint-Joost-ten-Node, Karel
Belfius Insurance NV/SA
	Rogierplein 11
	1210 Sint-Joost-ten-Node, Karel
Belfius Bank NV/SA	Rogierplein 11

4. Date of threshold crossing

January 16, 2024

5. Threshold that is crossed (in %)

5%

6. Denominator

14.375.587

7. Notified details

A) Voting rights	Previous notification	After the transaction
	# voting rights		# voting rights	% voting rights
Holders of voting rights		Attached	Apart from	Attached	Apart from
		to securities	securities	to securities	securities
Belgische Staat				0.00%
Federale Participatie- en Investeringsmaatschappij NV/SA				0.00%
SFPIM Real Estate NV/SA	28,588	28,588		0.20%
Belfius Bank NV/SA				0.00%
Belfius Insurance NV/SA	630,141	609,955		4.24%
Capline NV/SA	77,285	77,285		0.54%
Subtotal	736,014	715,828		4.98%
TOTAL		715,828	0	4.98%	0.00%

B) Assimilated financial instruments	After the transaction
Holders of assimilated financial instruments	Type of financial instrument	Expiration date	Exercise period or date		# voting rights that can be acquired when exercising the instrument	% voting rights		Settlement
TOTAL				0.00%
TOTAL (A & B)			# voting rights		% voting rights
			715,828		4,98%

8. Full chain of controlled companies through which the holding is effectively held

Federale Participatie- en Investeringsmaatschappij NV/SA is the parent company of Belfius Bank NV/SA (ex-Dexia Bank), which in turn is the parent company of Belfius Insurance NV/SA. Belfius Bank NV/SA is the parent company of Belfius OFP (Pension Funding Organisation). Belfius Insurance NV/SA is the parent company of Belins Finance NV/SA. Capline NV/SA is in turn a subsidiary of Belfius Insurance NV/SA. Federale Participatie- en Investeringsmaatschappij NV/SA is the parent company of SFPIM Real Estate NV/SA. Federale Participatie- en Investeringsmaatschappij NV/SA acts in its own name and on behalf of the Belgian State and is held 100% by the Belgian State.

The notification can be consulted on the website of Retail Estates NV/SA via this link: https://www.retailestates.com/en/investors/the-share/shareholding-structure-and-notifications

This press release can be consulted on the website of Retail Estates NV/SA via this link: https://www.retailestates.com/en/press-publications/press-releases

ABOUT RETAIL ESTATES NV

The Belgian public real estate investment trust Retail Estates nv is a niche player specialised in making out-of-town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. Real Estates NV acquires these real estate properties from third parties or builds and commercialises retail buildings for its own account. The buildings have useful areas ranging between 500m² and 3,000m². A typical retail building has an average area of 1,000 m².

As of 30 September 2023, Retail Estates nv has 1,008 premises in its portfolio with a total retail area of 1,208,564 m², spread over Belgium and the Netherlands. The occupancy rate of the entire portfolio was 98.12% on 30 September 2023, compared to 98.08% on 30 June 2023.

Retail Estates nv is listed on Euronext Brussels and Euronext Amsterdam and is registered as a public regulated real estate company.

FORWARD-LOOKING STATEMENTS

This press release contains a number of forward-looking statements. Such statements are subject to risks and uncertainties which may lead to actual results being materially different from the results which might be assumed in this press release on the basis of such forward-looking statements. Major factors that may influence these results include changes in the economic situation, commercial, tax-related and environmental factors.

Ternat, January 19, 2024

Jan De Nys, CEO of Retail Estates nv

For more information, please contact:

Retail Estates nv, Jan De Nys – CEO, T : +32 2/568 10 20 – F:+32 475/27 84 12 Retail Estates nv, Kara De Smet – CFO, tel. +32 2/568 10 20