PR Newswire/Les Echos/

Paris, 16 November 2009, 5:45 p.m.

            Quarterly information as at 30 September 2009

                      MARKED INCREASE IN RENTS

1) CONSOLIDATED REVENUE (NINE MONTHS)

BREAICDOWN                   01/01/2009   01/01/2008    Change        
(EUR millions)                   to           to          %
                             30/09/2009   30/09/2008

Investment properties           79.7         61.2       +30.2%
Lease finance                   16.7         22.2       -25.0%
Property development             0.9          3.3       -73.3%
Business centres                 5.7          6.2        -8.7%
Other(1)                         2.7          7.5       -63.4%

Total consolidated revenue     105.7        100.4        +5.3%

(1) Financial and exceptional incomes

Group turnover amounted to EUR105.7m, an increase of 5.3% compared to the first
nine months of 2008 thanks to a sharp rise in rents from investment properties.

Investment properties

Turnover for the three property investment companies (Affine, AffiParis,
Banimmo) rose sharply to almost EUR80m, up 30.2% compared to the same period in
2008. This was mainly the result firstly of a change in the consolidation
perimeter due to acquisitions carried out in the first half of 2008 by
AffiParis, and secondly of a particularly significant contribution by Banimmo.

Due to the sharp deterioration in economic conditions at the end of 2008, the
group endeavoured to strengthen links with its tenants at the start of 2009, in
particular those whose leases were set to expire soon.

Consequently, in the third quarter 5 major leases were renewed representing
rental income of about EUR2.9m and several other leases are currently being
renegotiated. 14 new leases were signed representing total rental income of
EUR3.7m (including the lease of the Mer logistics platform to But). However, the
group lost 7 tenants, representing total annual rental income of EUR779,000.

There was a marked upturn in sales during the third quarter. During this period
Affine sold offices in Toulouse, a warehouse in Bondy and shops in Bercy, for a
total of around EUR7m. In July Banimmo sold Atlantic House in Belgium for a
total of EUR30.8m by means of a private issue of real estate certificates.

Finance leasing

In Affine's finance lease business, five options were exercised in the third
quarter of 2009.

Revenues continued to fall due to the amortisation of portfolio transactions and
the low production of potential new deals.

Property development

In connection with the first stage of the construction of the Portes de Chambord
integrated development zone (ZAC) in Mer (41), central France, Concerto
Développement completed construction of a 62,000 m2 building, delivered to the
tenant But International at the beginning of October. The second stage, which
involves the construction of three buildings with a total surface area of 
65,000 m2, will be launched once marketing of the properties is complete.

Business centres

In a market that is still as competitive, BFI continued its activity with
accumulated revenue of EUR5.7m since the start of the year. Operations in the
third quarter were mainly marked by the extension of the Rueil-Malmaison
Business Centre.

2) SIGNIFICANT EVENTS

Promaffine and Concerto Développement Iberica closed their business at the
start of the quarter. Ongoing operations were outsourced in connection with
delegated contracting ownership agreements. The sale of the subsidiary BFI is
still under way.

3) FINANCIAL POSITION AS AT 30 SEPTEMBER 2009

There were no significant changes in the group's financial structure compared to
30 June 2009. The group secured its current cash, without using the credit
facilities at its disposal, for 2009 and 2010, and no significant loans will
mature during those years.

4) OUTLOOK

With the sale by Banimmo of the Sirius building for EUR70m in October, the group
has entered the top bracket of its sales plan (EUR50-100m) drawn up at the start
of the year, with sales of almost EUR120m. The group continues to sell non-core
buildings and is preparing to resume investments in 2010.

The group is continuing its strategy of focusing on its property investment
business, aiming in particular to improve building return, strengthen its
relationship with tenants and achieve better cost control.

5) SCHEDULE

9 March 2010: 2009 annual revenues and results

CONSOLIDATED REVENUE (THREE MONTHS)

BREAKDOWN                      01/07/2009   01/07/2008   Change
(EUR millions)                     to           to         %
                               30/09/2009   30/09/2008

Investment properties             28.9         21.3      +35.5%
Lease finance                      5.7          9.0      -36.5%
Property development               1.1          0.4     +147.9%
Business centres                   1.9          2.0       -4.1%
Other(1)                           0.0          0.6      -69.4%

Total consolidated revenue        37.6         33.3      +12.8%

(1) Financial and exceptional incomes

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, operates as an investor (offices, warehouses, stores) 
  throughout France. It is also a credit institution in respect of its 
  lease-finance business. The Affine share is included in the SBF 250 
 (CAC Small 90), SIIC IEIF and EPRA index. At 30 June 2009, its market 
  capitalisation represents EUR102 million and its rental properties are 
  estimated at EUR624 million transfer taxes included.

- Banimmo, a Belgian property company listed on NYSE Euronext Brussels and
  Paris, is owned by Affine (50%) and the company's management (28.4%). It is
  mainly dedicated to renovating and repositioning buildings in Belgium, France
  and Luxembourg. At 30 June 2009, its market capitalisation amounted to around
  EUR142 million and its assets are estimated at EUR302 million transfer taxes
  included.

- AffiParis, a French REIT (SIIC) listed on NYSE Euronext Paris, is specialised
  in commercial property within Paris. At 30 June 2009, Its market 
  capitalisation amounted to EUR22 million and the value of its assets stands 
  at EUR221 million transfer taxes included.

The Group also have some subsidiaries among which Concerto Développement,
specialised in logistics engineering.

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

Frank Lutz - Manager, Financial Communications & 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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