ZUBLIN IMMOBILIERE (EPA:ZIF) Züblin Immobilière France will transform its Jatte 1 building into a modern energy-efficient building

Transparency directive : regulatory news

23/03/2010 06:30

Media Release

Paris, 23 March 2010

Züblin Immobilière France announces that it will transform its Jatte 1
building into a modern energy-efficient building

Züblin Immobilière France has been informed by Laboratoires Roche that they do
not intend to renew the leases in Jatte 3 in January 2011 and in Jatte 1 in July
2011. This now allows the Company to pursue its planned redevelopment project
for the area. Züblin Immobilière France can now seize the opportunity to
create first class state of the art green office buildings at Jatte 1 and Jatte
3 which, when combined with the Company's other holdings on the Isle de Jatte,
will provide a unique environment for tenants. The Company has sufficient cash
resources to redevelop these two properties and expects to deliver the new space
in 2012 (Jatte 3) and 2013 (Jatte 1). The appraisal of the real-estate assets
carried out by BNP Paribas Real Estate as of 30 September 2009 already
considered this eventuality. As such, this event has no negative impact on the
current valuation of the two buildings.

For more information

Pierre Essig, CEO, 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

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.

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ZUBLIN IMMOBILIERE (EPA:ZIF) Züblin Immobilière France will transform its Jatte 1 building into a modern energy-efficient building

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