PR Newswire/Les Echos/ Paris, 19 June 2008, 6:45 pm Rearrangement of Affine shareholding In accordance with the agreements signed in 2001 with Holdaffine, Affine's controlling holding company, one of its shareholders, Penthièvre Holding, has decided to make use of its option to own directly its indirect stake in Affine in future. As a result of this operation: - Penthièvre Holding will hold 12.4% of the capital of Affine, thus exceeding the threshold of 5 and 10% of the capital, and 8.4% of the voting rights of Affine, thus exceeding the threshold of 5% of the voting rights; - Holdaffine will fall below the threshold of 50% in the capital of Affine , of which it will now hold 41.4%, and will control 56.4% of the company's voting rights. This operation will also involve the signature of a shareholders' agreement between Holdaffine and Penthièvre Holding whereby the latter: - undertakes to retain for a two-year period an equity interest of at least 10% in the capital of Affine, - grants Holdaffine a right of preemption in the event of a sale of said equity interest; - and undertakes not to hold its Affine shares in registered form for the term of the agreement. This rearrangement will therefore have no impact on the actual control exercised by Holdaffine on its subsidiary Affine and has been submitted for approval to the Board of AMF (the French Financial Markets Authority) which will publish its decision. About the Affine Group The Affine Group is structured around three property companies: - Affine, a property company with French REIT (SIIC) status, which is listed in Compartment B on Euronext Paris, and which acts as an investor (offices, warehouses, stores) throughout France and in neighbouring countries. It is also a credit institution in respect of its financial leasing business. Affine's shares are included in the SBF 250 (CAC Small 90), SIIC-IEIF and EPRA indices; its market capitalisation represents approximately €300 million and, at the end of 2007, its assets were estimated at €631 million. - Banimmo, a Belgian property company listed on Euronext Brussels and Paris, is jointly controlled by Affine (50%) and the company's management (27%). It is specifically involved in renovating and repositioning buildings in Belgium, France and Luxembourg. Its market capitalisation represents approximately €220 million and, at the end of 2007, its assets were estimated at almost €300 million. - AffiParis is a French REIT (SIIC) listed in Compartment B on Euronext Paris, and specialises in commercial property in Paris. Its market capitalisation has reached €40 million and, at the end of 2007, its assets were estimated at €177 million. The Group also has subsidiaries specialised in logistics engineering (Concerto Développement and Concerto Développement Ibérica), retail investment (Capucine Investissements), property development (Promaffine) and business centres (BFI). Société anonyme au capital de 47 800 000 Euros - Siège social : 4 square Edouard VII, 75009 PARIS Tél. : 01 44 90 43 00 - Télécopieur : 01 44 90 01 48 - Email : info@affine.fr 712 048 735 RCS Paris - N° TVA intracommunautaire F R92712048735 CONTACTS CITIGATE DEWE ROGERSON: Nicolas Castex - Agnès Villeret Tel: + 33 (0)1 53 32 78 88/95 - nicolas.castex@citigate.fr or agnes.villeret@ citigate.fr AFFINE: Maryse Aulagnon - Alain Chaussard Tel: + 33 (0)1 44 90 43 10 - info@affine.fr Antoine-Pierre de Grammont - Corporate Communication Officer Tel: + 33 (0)1 44 90 43 53 - antoine-pierre.de-grammont@affine.fr Société anonyme au capital de 47 800 000 Euros - Siège social : 4 square Edouard VII, 75009 PARIS Tél. : 01 44 90 43 00 - Télécopieur : 01 44 90 01 48 - Email : info@affine.fr 712 048 735 RCS Paris - N° TVA intracommunautaire F R92712048735 The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.
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