PR Newswire/Les Echos/

Paris, 14 May 2010, 6:00 p.m.
Quarterly information as at 31 March 2010

        THE FIRST EFFECTS OF REFOCUSING ON THE PROPERTY CORE BUSINESS

1) CONSOLIDATED REVENUE (THREE MONTHS)

The full effects of the Group's strategy to refocus on its property core
business have become clear in the first quarter of 2010. The 48% drop in revenue
compared to the first three months of 2009, down to EUR24m, is mostly due to the
gradual discontinuance of property development activities and the sale of BFI's
network of business centres.

BREAICDOWN                           01/01/10     01/01/09       Change
(EUR million)                          to            to             %
                                     31/03/10     31/03/09*
Investment properties                  19.2         21.8          -12.1%
   Ofwhich rents                       17.0         19.6          -13.1%
Finance leasing                         4.4          6.4          -32.1%
Property development                    0.4         14.8          -97.4%
Other(1)                                0.1          3.2          -96.7%   
Total consolidated revenue             24.0         46.2          -48.0%

* These figures replace those published in May 2009 which were affected by a
processing error from AffiParis.
(1) Financial and exceptional incomes and activity of business centres

The revenues of the three property companies (Affine, AffiParis and Banimmo) are
down to EUR19.2m, 12.1% below those of the same period in 2009. This change
results mainly from lease terminations in 2009 and disposals completed in the
second half of 2009.

Investment properties

Nineteen new leases were signed in the first quarter, representing total rent of
EUR636,000. On the other hand, the Group lost 10 tenants, representing total
annual rent of EUR1,045,000.

The Group continues to streamline its portfolio with the disposal of small-sized
properties. In line with this policy, Affine sold during this period, for a
total of nearly EUR5.7m, a block of offices in Valbonne and two mixed-use
properties (offices and industrial) in Tremblay and Vénissieux. These
transactions were carried out at prices in line with the appraisals made at the
end of 2009.

Finance leasing

The finance lease business reported the exercise of three options in the first
quarter of 2010.
Revenues continued to fall due to the amortisation of portfolio transactions and
the low level of new deals.

Property development

The change in revenue stems from the income recorded in Q1 2009 from the sale of
a logistics platform in Spain. No disposal occurred during the same period in
2010.

Concerto Développement, a partner of MGPA in the Logiffine joint venture,
signed a lease for the remaining 17,700 sqm of the logistics platform located in
Hem (59) to Geodis Logistics, a subsidiary of the SNCF group. The lease was
signed for a period of nine years. The transaction completes the sale of the
42,600 sqm site located in the 4 Vents business park.

In a market context that is still generally fragile, Concerto Développement is
studying new transactions and has in particular signed a preference pact with
the Cap Calaisis urban community (near Eurotunnel terminal) for a development of
nearly 60,000 sqm.

2) SIGNIFICANT EVENTS

The Affine Group has signed a new liquidity agreement with Société Générale
for the continuous trading of the Affine share after the expiry of the previous
contract with Fortis.

The disposal of BFI's business centres, signed at the end of 2009, became
effective in February.

3) FINANCIAL POSITION AS AT 31 MARCH 2010

There were no significant changes in the Group's financial structure compared to
31 December 2009. The Group has strengthened its cash position, without using
the credit facilities at its disposal, for the whole 2010, during which no
significant loan will mature.

4) OUTLOOK

Against a background of slightly recovering investments and a still fragile
rental situation, the Group will continue to focus on improving the quality and
profitability of its assets while shedding non-strategic assets and studying
selectively new acquisition targets made up of relatively high-yield properties
or portfolios.

5) SCHEDULE

17 May 2010: Payment of outstanding dividend (EUR0.90)
10 September 2010: 2010 semi-annual revenues and earnings.

About the Affine Group:
The Affine Group is structured around three property companies:

- Affine, a property company with French REIT (SIIC) status, listed on NYSE
  Euronext Paris, acts as an investor (offices, warehouses, retail space)
  throughout France; it is also a credit institution due to its leasing
  activities. Affine shares are included in the SBF 250 (CAC Small 90),
  SIIC IEIF and EPRA indexes. As at 31 December 2009, its market capitalisation
  was approximately EUR132 million and its property portfolio was valued at
  EUR630 million, transfer taxes included.

- Banimmo, a Belgian real estate company listed on NYSE Euronext Brussels and
  Paris, is owned by Affine (50%) and the company's management (28.8%). It is
  primarily engaged in repositioning and renovating buildings in Belgium, France
  and Luxembourg. As at 31 December 2009, its market capitalisation was about
  EUR172 million and its assets were estimated at EUR340 million including
  transfer taxes, with rental properties representing EUR240 million.

- AffiParis, a French REIT (SIIC) listed on NYSE Euronext Paris, specialising in
  commercial property in Paris. As at 31 December 2009, its market
  capitalisation was EUR23 million and the value of its assets was EUR219
  million including transfer taxes.

The Group also has various subsidiaries, including Concerto Développement,
which specialises in logistics engineering.

CONTACTS

CITIGATE DEWE ROGERSON: Agnès Villeret
Tel. + 33(0)1 53 32 78 95 - agnes.villeret@citigate.fr

AFFINE: Maryse Aulagnon - Alain Chaussard
Tel. + 33(0)1 44 90 43 10 - info@affine.fr

Frank Lutz - Manager, Financial Communication & Investor Relations
Tel. + 33(0) 1 44 90 43 53 - frank.lutz@affine.fr 

      A French société anonyme with share capital of EUR47,800,000 -
             Registered Office: 4 square Edouard VII, 75009 PARIS
            Tel: 33 (0)1 44 90 43 00 - Fax: 33 (0)1 44 90 01 48 -
                          E-mail address: info@affine.fr
         712 048 735 RCS Paris - Intracommunity VAT no. FR92712048735
                      
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