P R E S S R E L E A S E REGULATED INFORMATION

EMBARGO | 16 December 2014 | 6.30 PM

C R E A T I N G V A L U E I N R E A L E S T A T E


Result of the distribution of the interim dividend in shares or cash 59% of the interim dividend reinvested in new shares


As previously announced1, Befimmo SA decided to offer its shareholders the choice to receive the payment of the interim dividend of €1.94252 net3 per share not held by the group (corresponding to
€2.59 gross per share not held by the group) in cash, in exchange for new shares or a combination of these two methods of payment. The issue price of these new shares was set at €58.275 per share.
A proportion of 59% of the coupons representing the dividend was reinvested in new shares. Befimmo issued 424,055 new shares and increased its shareholders' equity by €24,711,805.13.
As a result of this operation, the registered capital of Befimmo amounts to €329,413,170.03 and is represented by 22,673,609 identical shares (an increase of 1.9% of the total number of shares) offering the same rights and benefits. The new shares will be listed and traded on Euronext Brussels as from Friday 19 December 2014. The interim dividend in cash will be paid out as from 19 December 2014.
Following this capital increase, Befimmo has reduced its LTV4 ratio by 1.09%5 compared to the level that would have been attained if the entire interim dividend had been distributed in cash.

1 See the press release of 20 November 2014, published on Befimmo's website (www.befimmo.be).

2 The Board of Directors has decided to abolish the right to dividends on shares held by the group. The distributable income that would have been assigned to them is divided between the other shareholders and is included in the gross amount of

€2.59 per share not held by the group (€1.9425 net per share not held by the group).

3 Based on a withholding tax of 25%.

4 Loan-to-value ("LTV") = [(nominal financial debts - cash)/fair value of portfolio].

5 Based on the situation as at 30 September 2014.

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Transparency regulation

Following the distribution of the optional dividend, Befimmo will raise its equity and number of shares. Pursuant to Article 15 of the law of 2 May 2007 and to the Royal Decree of 14 February 2008, Befimmo
hereby publishes the following information:

Total registred capital of the Company: €329,413,170.03

Total number of shares conferring the right to vote: 22,673,609

Description of Befimmo SA's denominator

Effective voting rights attached to shares representing the capital: 22,673,609

Future voting rights, potential or otherwise, resulting from rights and commitments at the conversion into, or subscription for shares to be issued, namely, the exercise of warrants: none

A transparency declaration threshold of 3% is provided for in the articles of association of

Befimmo SA.

***

Befimmo is a "pure player" investor whose business is to offer high-quality office buildings located in Brussels, other Belgian cities and the Grand Duchy of Luxembourg.

Its portfolio currently consists of around one hundred office buildings, with a total space of more than

900,000 m², a large part of which (> 65%) is let long-term to public institutions. The fair value of the portfolio as at 30 September 2014 was assessed at €2,257.1 million.

The Company strives to enhance its current portfolio while seizing any investment opportunity that can create value for its shareholders.

Listed on Euronext Brussels since it opened, and a member of the BEL 20 index since March 2009, Befimmo pursues an informed strategy of optimising its results over the long term.

Befimmo endeavours to incorporate the challenges of sustainable development into its strategic thinking, and models its day-to-day activities on the principles of social responsibility.

Further information :

Befimmo SA

Chaussée de Wavre 1945 - 1160 Brussels

Caroline Kerremans - IR & External Communication Manager

Tel.: 02/679.38.13

Email: c.kerremans@befimmo.be | www.befimmo.be

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