Befimmo SA: Results of the Takeover Bid

Press release

ALEXANDRITE MONNET BELGIUM BIDCO SA ACQUIRES

CONTROL OF 96.90% OF BEFIMMO SA SUITE

CLOSING OF THE ADDITIONAL ACCEPTANCE PERIOD AND REOPENING OF THE OFFER IN THE FORM OF A SIMPLIFIED TAKE-OVER ON OCTOBER 25, 2022

Befimmo SA

Anonimous society

Regulated public real estate company under Belgian law

Cantersteen 47, 1000 Brussels

0455.835.167

On August 29, 2022, Alexandrite Monnet Belgian Bidco SA (the “Bidder”), an entity wholly controlled by one of Brookfield’s private real estate funds, reopened its unconditional cash tender offer to acquire all of the shares of Befimmo SA (Euronext Brussels: BEFB) (“Befimmo”) at a price of €47.50 per share (the “Offer”).

The Additional Acceptance Period for the Offer ended on September 30, 2022 and the Offeror published the results today.

During the Additional Acceptance Period, 3,403,717 Befimmo shares were tendered to the Offer. Consequently, the Bidder will hold 91.83% of the shares of Befimmo. Given the treasury shares held by Befimmo, it will control a total of 96.90% of Befimmo shares.

The Offer price will be payable on October 21, 2022.

As the Offeror now directly and indirectly holds more than 95% of the shares of Befimmo SA, the Offeror has crossed the threshold required to launch a simplified squeeze-out offer. The Offeror has therefore decided to proceed with a definitive reopening of the offer for acceptance. The reopening will have the effect of a simplified Squeeze-out and will result in the delisting of Befimmo SA.

The Bidder will open a final Additional Acceptance Period at 9:00 a.m. CET on Tuesday, October 25, 2022. This Additional Acceptance Period will end on Tuesday, January 3, 2023 at 5:00 p.m. CET. Shareholders who have not yet accepted the Offer will therefore be able to do so.

The results of the last Additional Deadline will be announced on or around January 10, 2023. The Offer price for shares tendered during the last Additional Deadline will be paid on or around January 24, 2023.

Shares that have not been tendered before the closing of the last Additional Deadline will be automatically transferred to the Offeror and the shareholders concerned must request payment of the offer price for their shares from the Caisse des Dépôts et Consignations.

The Prospectus and its supplement (including the Response Memorandum and its supplement and the acceptance form), approved in French and translated into Dutch and English, are available on the following websites:

Paper copies can be obtained free of charge at the counters of BNP Paribas Fortis SA/NV, the Paying Agent Bank, or ordered by telephone on +32 2 433 41 13.

Disclaimer

This press release does not constitute and should not be considered as constituting, an offer to the public to acquire, sell or subscribe, or the solicitation of an order to sell, buy or subscribe, the shares of Befimmo, in any jurisdiction. The Offer will only be made on the basis of the prospectus approved in accordance with the Belgian law of April 1, 2007 relating to public takeover bids. No action will be taken to permit a public takeover bid in a jurisdiction other than Belgium. Neither this press release nor any other information relating to the matters contained herein may be distributed in any jurisdiction where any registration, qualification or other obligation is or would be in effect with respect to the contents hereof or those -this. Failure to comply with these restrictions may constitute a violation of the financial laws and regulations of that jurisdiction.

About Befimmo

Befimmo is a real estate investor, operator and developer and a Belgian Real Estate Investment Company (SIR-GVV). Focused on offices, mixed-use buildings and coworking spaces, our high-quality and high-performance portfolio is located in the growing city centers of BeLux.

Befimmo aims to create, manage and build fulfilling living and working environments and to animate communities for a sustainable future. Our ambition is to create and operate high-quality mixed-use projects in growing economic, academic and research hubs in BeLux. Our in-house coworking partner Silversquare and our partnership with Sparks will allow us to offer bespoke coworking spaces and meeting venues. We want to accompany our clients throughout their real estate journey, offering them the ultimate experience, like a one-stop shop to which they can entrust all their needs and expectations in terms of work and living space.

Befimmo’s value creation priority is to offer integrated, sustainable and hybrid work & life solutions that respond to the major trends shaping the world of tomorrow. ESG criteria have become a natural extension of this strategy and drive us towards innovation.

Its portfolio amounts to approximately 2.9 billion euros (as of June 30, 2022) and includes 60 office and mixed buildings and 10 coworking spaces.

Befimmo SA

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