Beni Stabili : Eur 2000,000,000 0.875 Conv. Bonds due 2021-Notice February 2018

Bonded Loan "€ 200,000,000 0.875 Convertible Bonds due 2021" (Borsa Italiana S.p.A "ExtraMOT - Professional Segment" ISIN XS1268574891) Suspension of the exercise of rights relative to the conversion of bonds into

Beni Stabili ordinary shares

Rome, 5 February 2018 - The Company announces that on 6 February 2018, a meeting of the Board of Directors of Beni Stabili S.p.A. SIIQ will be held, during the course of which shall be set the necessaries acts in order to convene the shareholder's general meeting, which shall be called upon to approve, inter alia, the draft of financial statements for the year ended 31 December 2017 and the possible distribution of dividends.

Therefore, in compliance with the conditions of art. 6(a) of the Regulations of Convertible Bond Issue "€ 200,000,000 0.875 Convertible Bonds due 2021", the exercise of the option to convert the bonds into ordinary shares of Beni Stabili shall be suspended from and including the date indicated above for the meeting of the Board of Directors up to and including the date set for the shareholder's general meeting. Moreover, should the shareholder's general meeting referred to above called upon to deliberate the distribution of dividends, the exercise of the option to convert the bonds shall be suspended up to and including the date immediately preceding the ex dividend date.

In addition, the exact dates of the period of suspension of the conversion rights of the bonds in question shall be communicated in a notice that will be issued promptly following the convocation of the shareholder's general meeting.

Beni Stabili Società per Azioni Società di Investimento Immobiliare Quotata

Via Piemonte, 38 - 00187 Rome - Italy - Tel [phone] Fax [phone] - registered office Via Carlo Ottavio Cornaggia, 10 - 20123 Milan - Italy - Tel [phone] Fax [phone] Share capital approved for € 246,957,280.40 subscribed and paid up for € 226,959,280.30

Tax code and Rome Companies Register no. 00380210302 - VAT number 04962831006 - Economic and Administrative Index [e-mail]

Company subject to the Management and Coordination, as per art. 2497-bis of the Italian Civil Code, of Foncière des Régions S.A.

www.benistabili.it