Leasinvest Real Estate SCA: Public offering for subscription to a maximum of 987,774 New Shares in the context of a capital increase in cash with Irreducible Allocation Rights

Public offering for subscription to a maximum of 987,774
New Shares in the context of a capital increase in cash
with Irreducible Allocation Rights for a maximum amount of
EUR 83,960,790

82.56% subscribed after the Subscription Period with
Irreducible Allocation Rights

Launch of the private placement of the Scrips on 2 October 2018

Not for distribution, publication or release, directly or indirectly, in or into the United States of America, Canada, Switzerland (unless relating to the possible private placement of the Scrips with institutional investors in Switzerland), Australia, Japan, South-Africa or any other country or any other jurisdiction in which such distribution would be illegal. Other restrictions also apply.

Leasinvest Real Estate announces, that during the Subscription Period with Irreducible Allocation Rights, closed on 1 October 2018, 815,479 New Shares were subscribed at the Issue price of EUR 85.00, or 82.56% of the total number of New Shares offered.

The 861,475 Irreducible Allocation Rights, represented by coupon no 22, that were, at the closing date of the Subscription Period (i) not exercised and (ii) are related to Nominative shares that were exercised, but for which the total subscription price was not paid in time (qualified as non-exercised Irreducible Allocation Rights), will as of now be offered within the framework of an accelerated exempted private placement with composition of an order book, as described in section 6.3.1 of the Transaction note. This offer will take place immediately after the publication of this press release. The buyers of the Scrips will have to subscribe the still available New Shares at the same price and at the same ratio as for the subscription by exercising the Irreducible Allocation Rights, i.e. 1 New Share (at EUR 85.00 per New Share) for 5 Irreducible Allocation Rights (under the form of Scrips). The net proceeds of the sale of these Scrips (the "Excess Amount”) will be paid upon presentation of coupon no 22, in principle as of 8 October 2018. Should the net proceeds amount to less than EUR 0.01 per Scrip, they will not be distributed to the holders of non-exercised Irreducible Allocation Rights, but will be transferred to the Company.

The result of the subscriptions to New Shares following the exercise of the Scrips as well as the Excess Amount the holders of Irreducible Allocation Rights are entitled to, should the net proceeds be equal to or exceed EUR 0.01 per Scrip, will in principle be communicated on 2 October 2018 by a press release, after the closing of the private placement of the Scrips.

The payment and delivery of the New Shares will occur on 4 October 2018. In principle, the New Shares will be admitted to trading on the regulated market of Euronext Brussels as of that same date.

Trading of the Company Shares on the regulated market of Euronext Brussels has been suspended, today, 2 October 2018, at the request of the Company, as of the opening of the stock market, and this, until the time of publication of the press release regarding the results of the Offer (i.e. including the results of the private placement of the Scrips), that shall be published later on today, on the Company website.

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In the context of the Offer, Bank Degroof Petercam and ING Belgium jointly act as Joint Global Coordinators and, together with Belfius Bank, as Joint Bookrunners.

On Leasinvest Real Estate SCA

Public regulated real estate company (B-REIT) Leasinvest Real Estate SCA invests in high quality and well-located retail and office buildings in the Grand Duchy of Luxembourg, in Belgium and in Austria.

At the date of this press release the total fair value of the directly held real estate portfolio of Leasinvest amounts to EUR 922 million spread across the Grand Duchy of Luxembourg (54%), Belgium (35%) and Austria (11%).

Moreover, Leasinvest is one of the largest real estate investors in Luxembourg.

The portfolio consists of retail (48%), offices (45%) and logistics (7%).

The public RREC is listed on Euronext Brussels and has a market capitalization of circa EUR 454 million (value 1 October 2018).

For more information, contact

Leasinvest Real Estate
Michel Van Geyte
Chief Executive Officer
T: +32 3 238 98 77

E: michel.van.geyte@leasinvest.be

Attachment

• 20181002_Gerona - Resultaat OTR_UK