Altarea : Results on the vote of resolutions of the Combined General Meeting of 30 June 2020 held behind closed doors

Press release

Combined General Meeting of 30 June 2020 held behind closed doors

Results of the vote on resolutions

Paris, 1 July 2020

Altarea held its Combined General Meeting at 11 a.m. on Tuesday 30 June 2020 at the new registered office, 87 rue de Richelieu, Paris (75002), under the chairmanship of Alain Taravella, General Partner.

As announced by the Company and in accordance with the provisions of emergency law n° 2020-290 of 23 March 2020 to deal with Covid-19 and order n°2020-321 of 25 March 2020 concerning theadaptation of rules for meetings and deliberations of general shareholders' meetings, in the contextrelating to the Coronavirus pandemic (Covid-19), the meeting was exceptionally held behind closed doors, without the physical presence of its shareholders and other persons authorized to attend the meeting.

The notices to attend the meeting were published and convocations sent out in accordance with applicableregulations, and all documents relating to the general shareholders' meeting were made available and remainavailable on the Company's website(www.altarea.com-"Finance / General shareholders' meetings" section).

Shareholders were able to participate in the meeting remotely, voting by post or granting proxy to the Chairman of the meeting. No written questions were received ahead of the general meeting.

Taking account of postal votes and proxies received, the committee noted that all 748 shareholders taking partin the general shareholders' meeting represents 14,391,872 shares with voting rightsfor ordinary general meetings and 14,391,772 shares with voting rights for extraordinary general meetings, equal to a quorum of more than 86%.

All of the resolutions proposed to shareholders at the general meeting were adopted.Shareholders in particular:

• •approved the parent company and consolidated financial statements for 2019;

• •approved the appropriation of 2019 profit and decided topay out a dividend of €9 per share, with anoption for half of the dividend (i.e. €4.50) to be paid in new sharesof the Company. In view of the terms set by the meeting, the issue price of the new shares to pay the dividend is €120.79;

• •noted thatno new regulated agreements were entered intoduring the past financial year;

• •approved thecompensation paid to corporate officers for the 2019 financial year and the policy concerning compensation of corporate officers for 2020, noting thatthe Board of Managers has decided, in view of the exceptional circumstances relating to the Covid-19 pandemic, to waive a substantial part of its compensation in 2020 and 2021, equal to 30% of 2020 variable compensation in respect of 2019 FFO and all variable compensation in 2021 in respect of 2020 FFO;

• •ratified the co-opting of Alta Patrimoine as Supervisory Board member;

• •renewed all of the delegations and financial authorisationsgranted to the Board of Managers totrade in the Company's shares and with regard to increasing the share capital;

• •amended the Articles of Association to comply with certain applicable legislative and regulatory requirements, in particular those resulting from the Order and Decree of 27 November 2019 concerning compensation of corporate officers of listed companies.

Detailed results of the vote on resolutions, the updated Articles of Association and the 2020 compensation policy as approved by the general shareholders' meeting are available on the Company's website (Finance / Assemblées générales" section).

Altarea has moved! New registered office : 87 rue de Richelieu, Paris (75002)

Reflecting our convictions concerning commercial property and as a true showcase of our know-how, our new registered office at 87 Rue de Richelieu in the heart of Paris now welcomes all employees of the Group and its brands in the Paris region.

Designed as an open space that blends into the city, this new building accommodates around 1,300 employees on seven levels and offers the largest green space in the 2nd arrondissement of Paris with its 2,000 m² of planted terraces.

Financial calendar (indicative):

First-half financial results to 30 June 2020:6 August 2020(after market close)

ABOUT ALTAREA-FR0000033219 - ALTA

Altarea is the leading property developer in France. As both a developer and an investor, the Group operates in the three main property markets (Retail, Residential and Business property), leading major mixed-use urban renewal projects in France. The Group has the required expertise in each sector to design, develop, market and manage made-to-measure property products. In Retail, Altareamanaged assets of €5.2 billion (€2.9 billion in Group share) as of 31 December 2019.www.altarea.com

Contacts :

Investor [e-mail][phone]

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