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 within the authorized capital with Irreducible Allocation R

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

Request for admission to trade the New Shares
on the Euronext Brussels regulated market

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 unlawful. Other restrictions also apply.

• Leasinvest Real Estate announces a capital increase to continue its growth strategy and at the same time bring its debt ratio back to a level between 50% and 55%
• The Company confirms for the financial year 2018 the outlook that the EPRA Earnings per Share will remain at least stable compared to the financial year 2017 (EUR 5.57 per Share) and, subject to the results and approval by the annual general meeting of the dividend relating to the financial year 2018, that the dividend will at least remain at the same level as last year (EUR 5.00 per Share)
• Capital increase for a maximum amount of EUR 83,960,790. 44.51% of the capital increase is pre-committed by the reference shareholders Ackermans & van Haaren NV and Axa Belgium NV
• Issue price as defined by the Company in consultation with the Joint Bookrunners: EUR 85.00 per New Share, which represents a discount of 11.66% compared to the closing price of the Shares on 18 September 2018, that amounted to EUR 100.00, adjusted with the estimated value of coupon no 23 that will be detached on 19 September (after closing of the stock market), namely EUR 96.22 after this adjustment
• 5 Irreducible Allocation Rights entitle to subscribe to 1 New Share
• Detachment of coupon no 22 representing the Irreducible Allocation Right: 19 September 2018 after closing of the stock market
• Detachment of coupon no 23 representing the right to the proportional dividend over the current financial year 2018 till 3 October 2018 included, to which the New Shares are not entitled: 19 September 2018 after closing of the stock market
• Subscription period: from Thursday 20 September 2018 till Monday 1 October 2018 included
• The Irreducible Allocation Rights can be traded during the entire Subscription period
• Placement of the Scrips: in principle on Tuesday 2 October 2018
• Bank Degroof Petercam and ING Belgium act within the context of this transaction as Joint Global Coordinators, and together with Belfius Bank as Joint Bookrunners

Attachment

• 2018 09 19_LRE_Capital increase 2018_Offer_ENG