LES NOUV CONSTRUCT. : Les Nouveaux Constructeurs - Change in Corporate Governance

Regulatory News:

Les Nouveaux Constructeurs (Paris:LNC), a leading residential and commercial real estate developer, has announced a change in its corporate governance structure.

Olivier Mitterrand, the company's founder, will step down as Chairman of the Management Board to become member of the Supervisory Board. His election as Chairman of the Supervisory Board will be submitted to shareholders at the next Annual Meeting on May 24.

Effective that date, Moïse Mitterrand, member of the company's Management Board since January 1, 2011, will be appointed Chairman.

Other than this succession, which has long been planned, and subject to approval by the Supervisory Board, the Management Board will retain its current membership and operating procedures.

Effective May 24, 2013, the Management Board will therefore comprise the following members:
- Moïse Mitterrand, Chairman
- Fabrice Desrez, Chief Executive Officer
- Ronan Arzel
- Paul-Antoine Lecocq
- Jean Tavernier.

LES NOUVEAUX CONSTRUCTEURS

Les Nouveaux Constructeurs, founded by Olivier Mitterrand, is a leading developer of new housing, as well as offices, in France and two other European countries.
Since 1972, Les Nouveaux Constructeurs has delivered nearly 65,000 apartments and single-family homes in France and abroad. It has an extensive presence in France, where its operations in the country's six largest metropolitan areas and high-quality homes and offices have made Les Nouveaux Constructeurs one of the most well-known names in the industry.
Les Nouveaux Constructeurs has been listed on NYSE Euronext Paris, compartment C, since November 16, 2006 (symbol: LNC; ISIN: FR0004023208).
All LNC press releases are posted on its website at: http://www.lesnouveauxconstructeurs.fr/fr/communiques

Investor Relations
Les Nouveaux Constructeurs
Paul-Antoine Lecocq, Tel: + 33 (0)1 45 38 45 81
Member of the Management Board
e-mail: [e-mail]
or
LT Value
Investor Relations
Nancy Levain / Fabienne Lys, Tel: [phone]
e-mail: [e-mail]
e-mail: [e-mail]
or
Media
Cap & Cime
Financial Media
Capucine de Fouquières, Tel: [phone]
e-mail: [e-mail]
or
Real Estate Media
Virginie Hunzinger, Tel: + 33 (0)1 55 35 08 18
+ 33 (0)6 10 34 52 81
e-mail: [e-mail]