AFFINE (EPA:IML) AffiParis accepts an offer for the purchase of the building at rue Paul Baudry

Transparency directive : regulatory news

10/10/2012 19:00

Paris, 10 October 2012, 07:00 p.m.

AffiParis accepts an offer for the purchase of the building at rue Paul Baudry

Affine announces that its subsidiary AffiParis has just accepted an investor's
purchase offer for the building it owns, located on the corner of the rue Paul
Baudry and the rue de Ponthieu in Paris (8th District), based on a net sales
price of EUR96m (EUR101.8m including transfer taxes). This amount, which is
1.5% lower than the value recorded in the consolidated financial statements as
at 30 June 2012, will not impact the exchange ratio, as envisaged and announced
as part of the planned merger1absorption by Affine. The promise of sale is
expected to be signed in the next few days, with a view to a sale before the
yearend.

Given the loss recorded by the company on the sale, this transaction will not
give rise to any mandatory dividend payment.

This transaction is the culmination of a sale process that was launched in late
2011, and enables the company to sell an asset that was of high quality, but
accounted for an excessive portion of its portfolio (around 50%). The building,
which is located in Paris' central business district, is a 9,400 sqm office
complex, which enjoys a 100% occupancy rate. The complex consists of seven
independent buildings that surround a central garden, with 113 parking lots.
The building premises are almost entirely occupied by a corporate law firm
since October 2006; the lease was renewed for a fixed 6-year term in August
2011.

About the Affine Group

Affine is a property company specialising in commercial property. At the end of
June 2012, and in partnership with its subsidiary, AffiParis, they owned and
managed 65 buildings with a total value of EUR702m, inclusive of taxes, spread
over a total surface area of 524,000 sqm. The company owns office property
(60%), commercial property (11%) and warehouses (28%). Its business activity is
evenly divided between the l'Ile de France (Paris region) and the other French
regions.

Affine is the reference shareholder of Banimmo (49.5%), the Belgian
repositioning property company present in Belgium, France and Luxembourg, and
of Concerto European Developer, a subsidiary specialising in organising
development operations in logistic property.

In 2003, Affine adopted the special tax treatment applicable to French real
estate investment trusts (SIIC). The Affine share is listed on NYSE Euronext
Paris (Ticker: IML FP / BTTP.PA; ISIN code: FR0000036105) and admitted to the
deferred settlement service (long only). The Affine share is included in the
CAC Mid&Small, SIIC IEIF and EPRA indices. AffiParis and Banimmo are also
listed on NYSE Euronext. www.affine.fr

Contact

INVESTOR RELATIONS                  PRESS RELATIONS
Frank Lutz                          Watchowah - Cyril Levy-Pey
+33 (0)1 44 90 43 53 -              +33 (0)6 08 46 41 41 -
frank.lutz@affine.fr                levy-pey@watchowah.com

  SOCIÉTÉ ANONYME (PUBLIC LIMITED COMPANY) WITH CAPITAL OF 53,100,000 EUROS -
                REGISTERED OFFICE: 5 RUE SAINT-GEORGES, 75009 PARIS
       TEL.: 01 44 90 43 00 - FAx: 01 44 90 01 48 - EMAIL: INFO@AFFINE.FR
        712 048 735 RCS PARIS - I NTRACOM MU N ITY VAT NO. FR92712048735

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AFFINE (EPA:IML) AffiParis accepts an offer for the purchase of the building at rue Paul Baudry

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