Regulatory News:

Züblin Immobilière France (Paris:ZIF) 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.

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

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.

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