Care Property Invest : Agreement on the acquisition of a residential care centre with assisted living apartments in Lier (BE)

PRESS RELEASE

Free translation, the Dutch version prevails

REGULATED INFORMATION

17 June 2020

After trading hours - Under embargo until 23h30

Inside information

CARE PROPERTY INVEST

Public limited liability company (société anonyme/naamloze vennootschap),

Public Regulated Real Estate Company (Société Immobilière Réglementée (SIR) /

Gereglementeerde Vastgoedvennootschap (GVV)) under Belgian Law

Registered Office: 3 Horstebaan, 2900 Schoten Companies Registration No. 0456.378.070 (LPR Antwerp)

(the "Company")

AGREEMENT ON THE ACQUISITION OF A RESIDENTIAL CARE CENTRE

WITH ASSISTED LIVING APARTMENTS IN LIER (BE)

Schoten, Belgium - 17 June 2020

Care Property Invest announces the agreement under suspensory conditions for the acquisition of the residential care centre with assisted living apartments to be developed 'Dungelhoeff', located in Lier. 'Dungelhoeff' will comprise a residential care centre with 128 residential places, including a rehabilitation centre with 7 places, and a group of assisted living apartments with 30 residential units.

Upon completion of the project (expected end of 2021) Care Property Invest will acquire 100% of the shares in Apollo Lier NV, owner of the real estate on closing date.

At the time of closing, 'Dungelhoeff' will be operated on the basis of a new long-term annually indexable leasehold agreement with a minimum duration of 27 years (renewable) of the 'triple net' type by Vulpia Care groep, which will enter into a partnership with vzw Herenhof for this purpose.

The total investment value for this project is estimated to be approximately €26.5 million.

Quote Peter Van Heukelom, CEO of Care Property Invest:

'With this development, we are continuing to construct our healthcare real estate portfolio which, including this facility, now comprises 121 projects, two of which are subject to suspensory conditions. Thanks to its strategic location, the project will offer a wonderful mix of living in green surroundings and vibrant urban life. We are also delighted to be able to once again join forces with the experienced care operator Vulpia Care groep for the operation.''

Care Property Invest NV/SA

Horstebaan 3	T [phone]
2900 Schoten	F [phone]
BE 0456 378 070 - LPR Antwerp	[e-mail]
Public RREC under Belgian law	www.carepropertyinvest.be

The property

The transaction

Care Property Invest will acquire 100% of the shares in Apollo Lier NV upon completion of the project (expected at the end of 2021). This company will be the full owner of the real estate on closing date.

The property will have an estimated total investment cost of approximately €26.5 million, which will be fully financed with loan capital.

• • • •

Care Property Invest would like to reconfirm its desire to expand its real estate portfolio in the future with health care

infrastructure in Belgium, The Netherlands, as well as elsewhere in the European Economic Area.

•••

Care Property Invest NV/SA
Horstebaan 3	T [phone]
2900 Schoten	F [phone]
BE 0456 378 070 - LPR Antwerp	[e-mail]
Public RREC under Belgian law	www.carepropertyinvest.be

Caution regarding forecasts

This press release contains forecasts involving risks and uncertainties, amongst others statements regarding plans, objectives, expectations and intentions of Care Property Invest. Readers are cautioned that such forecasts involve known and unknown risks and are subject to significant business, economic and competitive uncertainties which are mostly beyond Care Property Invest's control. If one or more of these risks or uncertainties materialise or should, if applied, basic assumptions prove incorrect, the final results may significantly deviate from the anticipated, expected, estimated or projected results. Consequently, Care Property Invest cannot assume any responsibility for the accuracy of these forecasts.

For any additional information, please contact:

Valérie Jonkers

COO - Member of the executive committee

[e-mail]

T [phone] - F [phone] - M [phone]

Horstebaan 3

2900 Schoten

[e-mail]

www.carepropertyinvest.be

Philip De Monie

Investment Manager

[e-mail]

T [phone] - F [phone] - M [phone]

Horstebaan 3

2900 Schoten

[e-mail]

www.carepropertyinvest.be

Peter Van Heukelom

Chief Executive Officer - Member of the executive

committee

[e-mail]

T [phone] - F [phone] - M [phone]

Horstebaan 3

2900 Schoten

[e-mail]

www.carepropertyinvest.be

About Care Property Invest

Care Property Invest NV is a Public Regulated Real Estate Company (Public SIR/GVV) under Belgian law. Based on a solid organisation, Care Property Invest helps healthcare entrepreneurs to undertake property projects by offering real estate tailored to the end user that is both qualitative and socially responsible. For its shareholders, Care Property Invest strives for a stable long-term rate of return.

This year, Care Property Invest's share celebrates its 24th anniversary on Euronext Brussels. The share is listed under the name of CPINV and has the following ISIN-Code: BE0974273055. As from December 2016, the share is a constituent of the Belgium Bel Mid Index and the Company has become a member of EPRA.

In September 2019, the Company received its third EPRA BPR Gold Award. As from 1 November 2019, the share is also a

constituent of the Euronext Next 150 Index.

Care Property Invest NV/SA

Horstebaan 3	T [phone]
2900 Schoten	F [phone]
BE 0456 378 070 - LPR Antwerp	[e-mail]
Public RREC under Belgian law	www.carepropertyinvest.be

Care Property Invest NV/SA Horstebaan 3

2900 Schoten

BE 0456 378 070 - LPR Antwerp Public RREC under Belgian lawT [phone] F [phone]

[e-mail]