Hispania Activos Inmobiliarios SOCIMI : ANNOUNCEMENT OF THE ACQUISITION OF THE SELOMAR HOTEL IN BENIDORM

PRESS RELEASE

• The hotel will be subject to a full refurbishment after which it will be inaugurated as a four- start superior hotel.
• Total investment including acquisition costs and the expected capex will amount to 33-35 million euro.
• With this transaction Hispania increases its portfolio by 245 keys reaching a total of more than 11,000 hotel keys in Spain.
• Hispania strengthens its bet on the vacational market increasing its presence in one of the most consolidated destinations of the peninsula.

After this acquisition, Hispania becomes the leading hotel owner in Spain with 11,021 keys in 38 hotels.

Benidorm is one of the most consolidated touristic destinations and has some of the best beaches there are in the Mediterranean. Furthermore, Benidorm is one of the few destinations in the Peninsula which have a 12-month season and a high international touristic component, which makes it one of the most attractive destinations where to invest in Spain.

"By entering the Benidorm market, Hispania accesses a strategic market in Spain given its stable occupancy rate throughout the year and its high exposure to European tourists. This transaction shows, once more, Hispania's capacity to create value through individual transactions while increasing our exposure in the Mediterranean", says Concha Osácar, Board Member of Hispania.

Noemí Sánchez: noemi@irazustacomunicacion.comNacho Miquel:nacho.miquel@irazustacomunicación.com Phone: +34 91 563 41 79

Isabel Troya: isabeltroya@azora.es Maria Riesgo: mariariesgo@azora.es Phone: +34 91 310 6370

Hispania became listed on the Spanish Stock Exchange on the 14th of March of 2014 and as of today it has raised €1,083 million. Hispania's current portfolio includes more than 209,600 sqm in offices, more than 750 dwellings and more than 11,000 keys.

Hispania's goal is to capture investment opportunities in the Spanish Real Estate markets and creating a portfolio of high

quality assets in the residential, hotel and offices sectors.

Hispania is part of the FTSE EPRA / NAREIT Global Real Estate Index, Ibex Mid Cap Index, Euronext IEIF REIT Europe Index and S&P Global Real Estate Index.

In accordance with best corporate governance international practices, Hispania´s Board of Directors, chaired by Rafael Miranda, has a majority of independent Board Members.

Hispania is externally managed by Azora Gestión S.G.I.I.C., S.A., which has granted it total exclusivity for all of its investment deal flow in Spain, except for student housing.

Grupo Azora (hereinafter "Azora") is a leading Spanish independent asset manager, founded in 2004 and with more than

€4,000 million of assets under management. Azora manages Hispania through its subsidiary Azora Gestión S.G.I.I.C., S.A., a regulated asset management company under the supervision of the Spanish Stock Exchange regulator (CNMV).

Azora's platform is one of the largest in Spain, with a team close to 400 professionals with extensive experience across the Real Estate value chain, including deal origination, structuring and investment, new developments and repositioning, asset and property management as well as disposal of individual assets or portfolios. Azora is specialized in four assets classes: residential (Azora manages the biggest portfolio under rent in Spain, with 12,391 dwellings), student housing (also managing the biggest portfolio in the country, with 8,530 beds) and the biggest hotel portfolio under rent in Spain, with more than 11,900 rooms.