Regulatory News:

Züblin Immobilière France (Paris:ZIF) announced today that its consolidated sales1 for the first nine months of its Financial Year 2011/2012 (from 01.04.11 to 31.12.11) reached ?17.1m, out of which ?15.6m of gross rental income.

All financial information included 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%
Second quarter (01.07 - 30.09) 5.7 6.1 -6.6%
Third quarter (01.10 - 31.12) 5.2 6.3 -17.5%
Nine-months total (01.04 - 31.12) 17.1 18.8 -9.0%

Compared to the same period of the Financial Year 2010/2011, consolidated third quarter sales (?5.2m) were down -17.5%, due to the departure of tenants Roche and YSL Beauté.

For the first nine months of Financial Year 2011/2012, consolidated sales totalled ?17.1m, out of which gross rental income amounted to ?15.6m.

As of 31 December 2011, the occupancy rate of the Company's operating portfolio was 91.4% compared with 91.6% as of 30 September 2011. Taking into account the vacating of the Jatte 1 and Jatte 3 buildings on 30 November 2011, 29,547 sqm of Züblin Immobilière France's lettable space are currently subject to environmental renovation projects in order to improve their energy performance.

For more information

Eric Berlizon, CFO, Züblin Immobilière France

52, rue de la Victoire, 75009 Paris

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

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

Pierre Laurent, Dusan Oresansky, NewCap., Financial communication and investor relations

Tél. +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

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.

Eric Berlizon, CFO, Züblin Immobilière France
Tél. +33 (0)1 40 82 72 40
info@zueblin.fr
or
Pierre Laurent, Dusan Oresansky, NewCap., Financial communication and investor relations
Tél. +33 (0)1 44 71 94 94, Fax +33 (0)1 44 71 94 90
Email: zueblin@newcap.fr