Befimmo : ESG Report 2022

Annual

Financial

Report.

2022

B E F I M M O. B E

Message from the

Dear Shareholders, Dear Partners,

Chairman and the

CEO

We would like to warmly thank the shareholders for having followed

It is not without emotion that we take up our pen today to look back on this year 2022, which will undoubtedly have marked the existence of Befimmo.

As you know, Befimmo is turning over a page in its history. At the end of 2022, Alexandrite Monnet Belgian Bidco SA bought back 100% of Befimmo's shares following a public takeover bid.

This acquisition will enable us to be better prepared for the years to come, to deploy the clear and ambitious strategy that we have put in place since the beginning of 2022. Befimmo will thus be better positioned as a leading real-estate investor, developer and operator in the interests of its customers, employees and all other stakeholders.

27 years of stock market listing

Whether it was during a capital increase or during a major purchase

or sale, you have always had confidence in Befimmo and its Management. We thank you for this.

Finally, we would like to thank all the other stakeholders; architects, experts, banks and long-standing partners. We are starting a new chapter and we sincerely hope to continue our collaboration, based on mutual respect and a long history together.

As we have always done since the creation of Befimmo, we will continue to be transparent about our activities (both financial and non-financial) and we will not fail to keep you informed of our Company's evolutions and developments.

Thank you for everything.

Brussels, April 2023.

Befimmo during the major operations that have marked its history.

In 1995, Befimmo was first listed on the stock exchange. This represents 27 years of trust and privileged relationships with all our partners.

27 years of growth, development, ambitious and exemplary projects. 27 years of being listed on the stock exchange. 27 years marked by all the people who have crossed our path.

The evolution that Befimmo has experienced since its creation would not have been possible without you.

We would like to thank the Directors for their support and devotion, as well as the entire team for its professionalism, which has enabled us to make Befimmo grow and become a key real-estate player in Belgium.

Jean-Philip Vroninks	Vincent Querton
CEO	Chairman of the Board of Directors

We would also like to warmly thank the shareholders for having followed Befimmo during the major operations that have marked its history.

Basis of consolidation

Real-estate, financial and environmental, social and governance (ESG) indicators

Alternative

Performance

Measures

Any reference to Befimmo's portfolio, assets, figures or activities should be understood on a consolidated basis that includes those of its subsidiaries, except where clear from the context or expressly stated otherwise.

Befimmo has exclusive control of Silversquare Belgium SA and consequently Silversquare Belgium SA, and its subsidiary are included in the global consolidation as at 31 December 2022.

Befimmo's activities are presented in this Report by business segment (real-estate operator and coworking).

Befimmo's real-estate indicators are defined in Appendix II to this Report, and identified in a footnote the first time they occur.

With a view to improving the quality and comparability of the information presented, Befimmo has fully committed to standardising its financial and ESG reporting by adopting EPRA reporting guidelines and Global Reporting Initiative (GRI) Standards1.

In the non-financial statements of this Report, all detailed information regarding Befimmo's 2030 Action Plan and all ESG indicators (set out in the GRI Content Index) can be consulted.

The Alternative Performance Measures (APM) guidelines2 of the European Securities Markets Authority (ESMA) have been applicable since 3 July 2016. The APMs used in this Report are identified in a footnote the first time they occur. The full list of APMs, with their definitions, purpose, and relevant reconciliation tables are set out in Appendix III to this Report.

A N N UA L F I N A N C I A L R E P O RT 2 0 2 2

The following explanatory icons are used in this Report:

THIS ICON REFERS TO FURTHER INFORMATION AVAILABLE VIA A VIDEO.

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1. www.globalreporting.org.
2. For further information please see the "Final Report - ESMA Guidelines on Alternative Performance Measures" on the ESMA website (www.esma.europa.eu).

01Befimmo at a glance.

PROFILE OF THE COMPANY	06
MAIN RESULTS OF THE COMPANY	07

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Profile of the Company

The Befimmo Group, including Befimmo and its subsidiaries, sister companies and affiliates (hereafter referred to as Befimmo) is a real-estate investor, operator and developer and includes certain companies with the status of a Specialised Real-Estate Investment Fund (FIIS/GVBF).

A N N UA L F I N A N C I A L R E P O RT 2 0 2 2

GLANCE PROFILE OF THE COMPANY

We aim to create, manage and build thriving work & life environments and animate communities for a sustainable future.

Our high-quality, performant and mixed-use portfolio is located in growing BeLux city centres. It is worth €2.7 billion and comprises around 40 office and mixed-use buildings as well as 10 coworking spaces, totalling more than 830,000 m² of space.

Our in-house coworking partner Silversquare and our recent partnership with Sparks allow us to deliver tailor-made coworking spaces and meeting venues.

Our hybrid offer includes traditional leases, fully flexible solutions, a mix of both, and our projects to come include work & life hubs. This network of hubs and the community that goes with it allows us to combine spaces in ways that promote creativity, innovation, and encounters.

Our user-centric business model is about operating inspiring spaces and related services and facilities in sustainable buildings. Both the ever-changing needs of the world of work and the significant growth in ESG criteria dictate our action and drives us towards flexibility and innovation.

BEFIMMO AT A

01

We adopt a win-win, responsible approach, by which value creation is beneficial to all our stakeholders.

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