Züblin Immobilière France today announced that its consolidated sales1 for the first quarter of its 2011/2012 Financial Year (from 01.04.11 to 30.06.11) reached ?6.2m, out of which gross rental income amounted to ?5.6m.

The financial information contained in this press release is unaudited and has not yet been approved by the Board of Directors.

Sales by quarter

In million of euros

2011/2012

2010/2011

? (%)

First quarter (01.04 - 30.06)....................................

6.2

6.4

-3.1%

Three-months total ...............................................

6.2

6.4

-3.1%

Compared to the same period of the Financial Year 2010/2011, first quarter sales (?6.2m) were down 3.1%, mostly because of the re-renting at market value of the first floor of the Magellan building. The physical occupancy rate of the operating investment properties stood at 92.4% at 30 June 2011, versus 93.9% at 31 March. The Jatte 2 building - 7 045 m2 (9.2% of the total lettable space) - is empty since   1 July 2011 pending its future renovation.

For more information

Eric Berlizon, CFO, Züblin Immobilière France

52, rue de la Victoire, 75009 Paris

Tel. +33 (0)1 40 82 72 40, info@zueblin.fr

More information can be found on our website www.zueblin.fr

Steve Grobet, Dusan Oresansky, NewCap., Financial communication

Tel. +33 (0)1 44 71 94 94, Fax +33 (0)1 44 71 94 90, Email: zueblin@newcap.fr

A brief outline of Züblin Immobilière France

Züblin Immobilière France is a listed property company, which has elected for REIT status (SIIC status). The company invests in office properties, and its real estate in France consists of 8 office buildings in Paris area, Lyon and Marseille.

Shares of Züblin Immobilière France trade on compartment C of Euronext Paris market of Nyse Euronext - ISIN: FR0010298901