Care Property Invest / : Interim Statement from the Board of Directors 1st quarter 2021

Free translation. The Dutch version will prevail.

PRESS RELEASE

REGULATED INFORMATION

19 May 2021 - After trading hours Under embargo until 17h45

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

Office: 3 Horstebaan, 2900 Schoten

Companies Registration No. 0456.378.070 (LPR Antwerp)

(the 'Company')

INTERIM STATEMENT FROM THE BOARD OF DIRECTORS

1ST QUARTER 2021 - 31 MARCH 2021

FINANCIAL HIGHLIGHTS

Key number	31 March 2021	31 Dec. 2020	31 March 2020	Evolution
Fair value property portfolio	€877 m	€822 m		+7%
Market capitalisation	€634,831,241	€648,559,915		-2%
Occupancy rate	100%	100%	100%	=
Debt ratio	44.94%	46.31%		-3%
Cost of borrowed funds	2.06%	2.22%		-7%
Adjusted EPRA earnings	€6.2 m		€5.0 m	+25%
Adjusted EPRA earnings per share	€0.2402		€0.2294	+5%

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

Care Property Invest NV/SA | 2

Press release | Regulated information

1. Operational activities during the 1st quarter of 2021

1.1. Leasing activities and real estate portfolio

During the first quarter of the 2021 financial year, Care Property Invest was able to effectively add 3 investment properties to its portfolio, including the first completed project it acquired on the Spanish

market, located in Almeria.

1.1.1. PROJECTS 1ST QUARTER 2021 IN BELGIUM

1.1.1.1. NEW PROJECTS GENERATING IMMEDIATE RETURNS FOR THE COMPANY

Investment properties

Attert - Résidence des Ardennes

• ACQUISITION DATE
• ADDRESS:
• OPERATOR:
• CAPACITY:

20 January 2021

Rue du Bois de Loo 379, 6717 Attert, Belgium

Services Ardennes Srl (a subsidiary of My-Assist)

Today: existing residential care centre with 150 residential places and a licensed group of assisted living apartments with 26 residential units.

After completion of the construction works: existing residential care centre with 150 residential places and a licensed group of assisted living apartments with 50 residential units.

• LOCATION
• YEAR OF CONSTRUCTION/ RENOVATION:
• TYPE OF CONTRACT:
• CONTRIBUTION VALUE:
• ADDITIONAL INVESTMENT COST:
• TRANSACTION:
• FINANCING:

Located in the centre of Attert, near the border with the Grand Duchy of Luxembourg. The project is 700 m away from the post office, town hall and several shops, restaurants and supermarkets. The project is easily accessible by car via the E25 (Liège- Bastogne-Aarlen/Arlon), the N87 (direction Parette) and the N4 (direction Aarlen/Arlon) as well as by public transport thanks to a bus stop right in front of the project.

The existing residential care centre (RRC) was built in 2004. A first extension took place in 2012 and a second in 2017. The provisional delivery of the construction works in progress is expected in Q4 of 2021.

New long-term lease agreement of the 'triple net' type, which can be indexed annually with a minimum duration of 29 years (renewable).

Approx. €42.1 million (contribution in kind)

Approx. €2.2 million (investment cost of ongoing construction works)

Asset deal

Through a successful contribution in kind of the property into the capital of Care Property Invest, within the framework of the authorised capital. As a result of this contribution, which led to a capital increase (including share premium) of €42,087,805.27, 1,696,114 new Care Property Invest shares were issued at an issue price of €24.81 per share.

Care Property Invest NV/SA | 3

Press release | Regulated information

1. PROJECTS 1ST QUARTER 2021 IN THE NETHERLANDS

1. NEW PROJECTS UNDER DEVELOPMENT

Investment properties

Ouderkerk aan de Amstel - Amstel

			•	ACQUISITION DATE	31 March 2021
			•	ADDRESS:	Polderweg 3, 1191 JR Ouderkerk aan de Amstel, The Netherlands
			•	CAPACITY:	Care residence with 32 residential units (32 care apartments)
			•	OPERATOR:	Stepping Stones (part of Korian Holding Nederland B.V.)
			On the edge of the village of Ouderkerk aan de Amstel (province of North Holland). The village centre is about 1 km away from
	•	LOCATION:	the care residence and, as the name suggests, the Amstel River runs right through the village, making it a pleasant place to
	spend time in the various eating and drinking establishments along the water's edge.
			The project is easily accessible by car via the A9 (Alkmaar-AmsterdamSouth-East) and the N522 (Amstelveen-Ouderkerk).
	•	DESCRIPTION PROPERTY AND	The building will have a total capacity of 32 residential units, all of which will be care apartments. Residents will be able to keep
		FACILITIES:	fit in the adjacent sports facility and enjoy the sun on the adjoining terrace or in the garden.
	• YEAR OF CONSTRUCTION /	Provisional delivery is expected by the end of 2022.
		RENOVATION:
	•	CONTRACT TYPE:	New long-term leasehold agreement of the 'triple net' type with a minimum duration of 15 years
	(renewable and annually indexable).
	•	INVESTMENT VALUE:	€9.6 million.
	•	TRANSACTION:	Asset deal: acquisition of land and buildings through its Dutch subsidiary Care Property Invest.NL6 B.V.
	•	FINANCING:	Loan capital.

1.1.2.2. EXISTING PROJECTS UNDER DEVELOPMENT

Investment properties

Roermond - Aldenborgh

• ACQUISITION DATE 5 November 2020

• ADDRESS:Oudeborgstraat 12-14, 6049 CT Herten, Roermond, The Netherlands

• OPERATOR

Aldenborgh Exploitatie B.V. in cooperation with the care foundation Proteion

• CAPACITY:Care residence with 32 residential units (care apartments)

• LOCATION:
• YEAR OF CONSTRUCTION / RENOVATION:
• CONTRACT TYPE:
• INVESTMENT VALUE:
• TRANSACTION:
• FINANCING:

Located 4 km from the city center of Roermond, where you will find stores, supermarkets, restaurants and banks. In the vicinity there are some cafes, restaurants, a pharmacy and a doctor's practice. The project is easily accessible by car via the A73 (Roermond-Venlo) and the A2 (Eindhoven-Roermond), as well as by public transport thanks to a bus stop 300 m away.

Provisional delivery is expected beginning of 2022.

New long-term leasehold agreement of the 'triple net' type with a minimum duration of 25 years (renewable and annually indexable).

Approximately €8.2 million.

Asset deal: acquisition of land and buildings through its Dutch subsidiary Care Property Invest.NL8 B.V.

Loan capital.

Care Property Invest NV/SA | 4

Press release | Regulated information

Warmond - Mariënhaven

• ACQUISITION DATE 28 December 2020

• ADDRESS:Mgr. Aengenentlaan 1, 2361 GB Warmond (Teylingen), The Netherlands

• OPERATOR

Valuas Zorggroep B.V.

• CAPACITY:Care residence with 41 residential units (22 care studios and 19 rehabilitation rooms)

• LOCATION:
• YEAR OF CONSTRUCTION / RENOVATION:
• CONTRACT TYPE:
• INVESTMENT VALUE:
• TRANSACTION:
• FINANCING:

In Teylingen, only 400 m away from the village centre of Warmond, where shops, supermarkets and restaurants are located. The project is easily accessible by car via the A44 (Maaldrift - Abbenes) and the N444 (Noordwijk - Poelgeest), as well as by public transport thanks to a bus stop 400 m away.

Provisional delivery is expected in the 1st half of 2022.

New long-term leasehold agreement of the 'triple net' type with a minimum duration of 20 years (renewable and annually indexable).

Approximately €11.6 million.

Asset deal: acquisition of land and buildings through its Dutch subsidiary Care Property Invest.NL3 B.V.

Loan capital.

Vught - Villa Vught

• ACQUISITION DATE 29 December 2020

• ADDRESS:Gogelstraat 3, 5262 AB Vught, The Netherlands

• OPERATOR

Valuas Zorggroep B.V.

• CAPACITY:Care residence with 21 residential units (19 care studios and 2 care apartments)

• LOCATION:
• YEAR OF CONSTRUCTION / RENOVATION:
• CONTRACT TYPE:
• INVESTMENT VALUE:
• TRANSACTION:
• FINANCING:

Right in the center of Vught, within walking distance of various facilities such as stores, supermarkets, restaurants, banks, hairdressers, etc.. In addition, the project is also located nearby (a green area of) 's-Hertogenbosch. The project is easily accessible by car via the N65 (Tilburg-'s-Hertogenbosch) and the A2 ('s-Hertogenbosch-Woensel Noord) as well as by public transport thanks to a train station 200m away and a bus stop 100 m away from Villa Vught.

Provisional delivery is expected in the first half of 2022.

New long-term leasehold agreement of the 'triple net' type with a minimum duration of 25 years (renewable and annually indexable).

Approximately €6.2 million.

Asset deal: acquisition of land and buildings through its Dutch subsidiary Care Property Invest.NL6 B.V.

Loan capital.

Amstelveen - Huize Elsrijk

• ACQUISITION DATE 29 December 2020

• ADDRESS:Keizer Karelweg 489-491, 1181 RH Amstelveen, The Netherlands

• OPERATOR

Com4care B.V.

• CAPACITY:Care residence with 15 residential units (15 care apartments)

• LOCATION:
• YEAR OF CONSTRUCTION / RENOVATION:
• CONTRACT TYPE:
• INVESTMENT VALUE:
• TRANSACTIE:
• FINANCING:

In the northern part of Amstelveen, in the immediate vicinity of the 'Amsterdamse Bos' (Amsterdam Forest) and the monumental 'Heemparken' (Heemparks). The building is situated in a classic pre-war neighbourhood and also on a spacious avenue that connects the Amsterdam Olympic Stadium and the Amstelveen City Centre. A few neighbourhood shops and a few small restaurants and bars are close by. The project is easily accessible by car via the A9 and A10 motorways, as well as by public transport thanks to a bus stop (connections to Amstelveen centre, Amsterdam and Schiphol Airport) located just across the residence.

Provisional delivery is expected mid 2022.

New long-term leasehold agreement of the 'triple net' type with a minimum duration of 20.5 years (renewable and annually indexable).

Approximately €6.2 million.

Share deal: Care Property Invest acquired 100% of the shares in De Amsterdam Keizer B.V. (now Care Property Invest.NL9 B.V.).

Loan capital.

Care Property Invest NV/SA | 5

Press release | Regulated information

Tilburg - Margaritha Maria Kerk

• ACQUISITION DATE 26 March 2019

• ADDRESS:Ringbaan West 300, 5025 VB Tilburg, The Netherlands

•	OPERATOR	Korian Holding Nederland B.V.
•	CAPACITY:	32 care apartments

• LOCATION:
• YEAR OF CONSTRUCTION/ RENOVATION:
• TYPE OF CONTRACT:
• TOTAL INVESTMENT VALUE:
• TRANSACTION:
• FINANCING:

The project is located in a pleasant residential area, centrally located in the municipality of Tilburg, on the triangle of the Zorgvlied, Rooi Harten and Korvel districts. 'Kromhoutpark', a pharmacy and several supermarkets, are located close to the project.

Completion of the church is expected in Q2 of 2021 and of the vicarage building in Q3 of 2021.

New long-term leasehold agreement of the 'triple net' type with a duration of at least 20 years (renewable and annually indexable).

Approximately €7.7 million

Asset deal: Acquisition through its Dutch subsidiary, Care Property Invest.NL3 B.V.

Loan capital

Middelburg - Sterrenwacht

• ACQUISITION DATE 12 June 2019

• ADDRESS:Herengracht 50-52, 4331 PX Middelburg, The Netherlands

•	OPERATOR	Korian Holding Nederland B.V.
•	CAPACITY:	25 care studios

• LOCATION:
• YEAR OF CONSTRUCTION/ RENOVATION:
• TYPE OF CONTRACT:
• TOTAL INVESTMENT VALUE:
• TRANSACTION:
• FINANCING:

On the edge of the city centre of Middelburg and is idyllically located, right on the Middelburg Herengracht.

Year of construction approximately 1930, completion expected Q4 2021

New long-term leasehold agreement of the 'triple net' type with a duration of at least 20 years (renewable and annually indexable).

Approximately €5.7 million

Asset deal: Acquisition through its Dutch subsidiary, Care Property Invest.NL3 B.V.

Loan capital

Zeist - Villa Wulperhorst

• ACQUISITION DATE 6 August 2019

• ADDRESS:Tiendweg 6-8, 3709 JP Zeist, The Netherlands

• OPERATOR

Valuas Zorggroep B.V.

• CAPACITY: Care residence with a total of maximum 44 rooms

In Zeist, a municipality centrally located in the province of Utrecht, within the wooded area of the Utrechtse Heuvelrug. With the

• LOCATION:centre of Zeist 2.5 kilometres away, the project explicitly focuses on tranquillity and nature experience. Utrecht itself is about 11 km away.

• YEAR OF CONSTRUCTION/ The renovation and construction works for the manor have started and will probably be completed in Q2 of 2021. The

RENOVATION:

redevelopment of the coach house has also started and is also expected to be completed in Q2 of 2021.

• TYPE OF CONTRACT: New long-term leasehold agreement of the 'triple net' type with a duration of at least 25 years (renewable and annually indexable).
• TOTAL INVESTMENT VALUE: Approximately €13,0 million

			Asset deal: Through its Dutch subsidiary Care Property Invest.NL2 B.V, the Company acquired 100% of the properties on the estate,
•	TRANSACTION:	together with the associated permits and certifications required for the renovation of the manor and the construction of the
adjoining coach house, from Stichting Utrechts Landschap and simultaneously entered into two turnkey agreements with the
			developer in charge of the redevelopment of 'Villa Wulperhorst'.
•	FINANCING:	Loan capital