Regulatory News:

Züblin Immobilière France (Paris:ZIF) today announced that its consolidated sales1 for the 2010/2011 Financial Year (from 01.04.10 to 31.03.11) reached ?24.8m, out of which gross rental income amounted to ?22.8m.

Sales by quarter

In million of euros     2010/2011   2009/2010   ? (%)
First quarter (01.04 - 30.06)     6.4   6.7   -4.5%
Second quarter (01.07 - 30.09)     6.1   6.7   -9.0%
Third quarter (01.10 - 31.12)     6.3   6.7   -6.0%
Fourth quarter (01.01 - 31.03)     6.0   6.1   -1.6%
Full-year total (01.04 - 31.03)     24.8   26.2   -5.3%
       

Compared to the same period of the 2009/2010 Financial Year, fourth quarter sales (?6.0m) were down -1.6%.

Consolidated sales for 2010/2011 Financial Year totalled ?24.8m, out of which gross rental income amounted to ?22.8m, representing a decline of -5.3% compared to the 2009/2010 Financial Year, due to the full-year impact of the vacating spaces on the Jatte 3 and Le Magellan buildings, which occurred during the previous financial year.

As of 31 March 2011, the Company's portfolio occupancy rate was 93.9% (94.3% at 31 March 2010), stable compared to 31 December 2010.

The company will release its full-year results on 17 May 2011.

A brief outline of Züblin Immobilière France

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

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

This press release is not intended as an offer or a solicitation to buy Züblin Immobilière France shares in the United States of America nor any other country where such an offer would be in breach of applicable laws and regulations. Züblin Immobilière France shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended. Züblin Immobilière France does not intend to register Züblin Immobilière France shares under the US Securities Act of 1933 or to offer these shares for sale in the United States of America.

The shares are only available and may only be offered to or issued to those relevant persons who are legally authorised, and any offer, solicitation or agreement in view of a purchase of existing shares or an application for new shares can only be carried out with those who are legally entitled to do so.

Other persons should not act or rely on this press release. This document or any other document related to the company should only be distributed in accordance with the conditions above.

This document does not constitute an offer to sell or the solicitation of an offer to invest.

Distribution of this press statement in some countries can be a violation of applicable legislation.

This press release is not for publication or distribution in the United States, the United Kingdom, Canada, Italy, Australia or Japan.

1 Consolidated sales encompass gross rental income as stated in IFRS financial statements + service charges invoiced to the tenants

Züblin Immobilière France
Eric Berlizon, CFO, +33 (0)1 40 82 72 40
info@zueblin.fr
More information can be found on our website www.zueblin.fr
or
NewCap.
Steve Grobet, Dusan Oresansky, +33 (0)1 44 71 94 94
Financial communication
Fax +33 (0)1 44 71 94 90
zueblin@newcap.fr