Gecina: Approval Received from the French Antitrust Authorities: Further Milestone Passed for the Amicable Takeover with Eurosic

PARIS--()--Regulatory News:

Gecina (Paris:GFC) is announcing that it has received approval from the French antitrust authorities concerning its amicable takeover with Eurosic.

Furthermore, Gecina acknowledges that on July 26, 2017, Eurosic's Board of Directors approved the findings from the report prepared by the independent expert Ledouble, confirming that the terms for Eurosic's sale of the diversification companies to Batipart are fair, that there is no infringement concerning the equality of treatment for Eurosic's shareholders due to this sale, and that the terms of the public offering for Eurosic are fair with a view to a mandatory withdrawal. On this occasion, Eurosic's Board of Directors confirmed its unanimous support for the amicable takeover with Gecina.

With the approval received from the French antitrust authorities, a further significant milestone has been passed for amicable takeover. The acquisition of Eurosic's controlling blocks, representing 85.3% of the capital1, from its six main shareholders is expected to be completed by the end of August 20172.

In accordance with stock market regulations, once Gecina has effectively acquired these blocks, Gecina will submit a proposed public takeover and exchange offer for all the Eurosic securities not yet held by Gecina by this date. Eurosic's main shareholders have made a commitment to tender their remaining securities, representing 9.5% of the capital1, for the securities branch of this offer.

Through this operation, Gecina will become Europe's fourth largest real estate group, with a total portfolio of 19.5 billion euros, and the market leader for office real estate, with 15.5 billion euros of assets. This major operation is perfectly aligned with its total return value creation strategy and marks a significant acceleration of Gecina's development, further strengthening its positioning as a specialist for urban offices in Paris, continental Europe's leading real estate market.

Gecina, living the city in a different way

Gecina owns, manages and develops property holdings worth 13.3 billion euros at end-June 2017, with nearly 96% located in the Paris Region. The Group is building its business around France’s leading office portfolio and a diversification division with residential assets and student residences. Gecina has put sustainable innovation at the heart of its strategy to create value, anticipate its customers' expectations and invest while respecting the environment, thanks to the dedication and expertise of its staff.

Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris, and is part of the SBF 120, Euronext 100, FTSE4Good, DJSI Europe and World, Stoxx Global ESG Leaders and Vigeo indices. In line with its community commitments, Gecina has created a company foundation, which is focused on protecting the environment and supporting all forms of disability.

www.gecina.fr

Disclaimer

This press release has been prepared exclusively for information. It does not constitute a purchase or exchange offer, or a request for an offer for the sale or exchange of Eurosic securities, nor a purchase or exchange offer, or a request for an offer for the sale or exchange of Gecina securities.

The release, publication or distribution of this press release may be restricted by the laws applicable in certain jurisdictions and, as a result, any person in possession of it in such jurisdictions must seek advice concerning the legal restrictions in force and ensure compliance with them.

In accordance with stock market regulations, once Gecina has effectively acquired the blocks of Eurosic securities, Gecina will submit a proposed public takeover and exchange offer for all the Eurosic securities not yet held by Gecina by this date. Gecina's draft offer document will contain the terms and conditions for the mandatory public offer and will remain subject to a review by the French financial markets authority (Autorité des Marchés Financiers, AMF).

It is strongly recommended that investors and shareholders located in France should review the draft offer document when it becomes available, as well as any amendments or supplements to this document, since it will contain important information concerning the proposed transaction.

No communication or information relating to the mandatory public offer may be distributed to the public in any jurisdiction (other than France) in which registration or approval is required. No action has been (or will be) undertaken in any jurisdiction outside of France where such steps would be required. The purchase of Gecina securities may be subject to legal or statutory restrictions in certain jurisdictions. Gecina assumes no responsibility for any breach of such restrictions by any person.

This press release does not constitute an offer or invitation to sell or purchase, or a solicitation of any offer to purchase or subscribe for, any securities of Gecina in the United States of America. Securities may not be offered, subscribed or sold in the United States of America without registration under the 1933 U.S. Securities Act, as amended (the “U.S. Securities Act”), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements thereof. The securities of Gecina have not been and will not be registered under the U.S. Securities Act and Gecina does not intend to make a public offer of its securities in the United States of America.

Neither Gecina, nor its shareholders and respective representatives or advisors accept any liability concerning any use by any person of this press release or its content, or more generally in connection with this press release.

1 On a fully diluted basis taking into account the OSRA subordinated redeemable bonds and excluding treasury stock, representing a total of 64,732,509 shares (at June 20, 2017)

2 Subject to the satisfaction of the remaining conditions precedent, in particular the concurrent acquisition by Gecina of blocks of Eurosic shares representing at least 50.1% of the share capital of Eurosic.

Contacts

GECINA
Financial communications
Samuel Henry-Diesbach, +33 (0)1 40 40 52 22
samuelhenry-diesbach@gecina.fr
or
Virginie Sterling, +33 (0)1 40 40 62 48
virginiesterling@gecina.fr
or
Press relations
Brigitte Cachon, +33 (0)1 40 40 62 45
brigittecachon@gecina.fr
or
Thérésa Vu, +33 (0)1 44 82 46 13
theresa.vu@consultants.publicis.fr

Contacts

GECINA
Financial communications
Samuel Henry-Diesbach, +33 (0)1 40 40 52 22
samuelhenry-diesbach@gecina.fr
or
Virginie Sterling, +33 (0)1 40 40 62 48
virginiesterling@gecina.fr
or
Press relations
Brigitte Cachon, +33 (0)1 40 40 62 45
brigittecachon@gecina.fr
or
Thérésa Vu, +33 (0)1 44 82 46 13
theresa.vu@consultants.publicis.fr