CORIO : Dividend distribution in connection with the recommended

Joint Press Release

This is a joint press release by Corio and Klépierre S.A. pursuant to the provisions of Section 10 Paragraph 3 and Section 18 Paragraph 3 of the Netherlands Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft) in connection with the recommended public exchange offer by Klépierre S.A. for all the issued and outstanding ordinary shares in the capital of Corio N.V. This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Corio N.V. or Klépierre S.A. Any offer will be made only by means of an offer memorandum. This announcement is not for release, publication or distribution, in whole or in par t, in or into, directly or indirectly, Canada and Japan. Capitalized terms not defined in this press release will have the meaning as set forth in the Offer Memorandum.

Paris, France and Utrecht, The Netherlands, 8 December 2014

Corio and Klépierre intend to distribute on January 12, 2015 a dividend of € 1.03 per share and an interim dividend € 0.91 per share respectively.

In connection with the recommended exchange offer made by Klépierre S.A. ("Klépierre") (Euronext Paris) to acquire all issued and outstanding shares (the "Shares") of Corio N.V. ("Corio") (Euronext Amsterdam) (the "Offer"), as more fully described in the joint press releases of Klépierre and Corio of 29 July 2014 and 27 October 2014, Corio and Klépierre make the following announcements:

As announced by Klépierre and Corio on 27 October 2014, Corio intends to distribute, before the Settlement Date, a dividend to the Corio shareholders in order to comply with its obligations under the FBI regime for the 2014 financial year and the period running from 1 January 2015 until the Merger Date. In order to maintain an Exchange Ratio (for both the Offer and the Merger) of 1.14 New Klépierre Shares for each Share, Klépierre will concurrently distribute to its shareholders, before the Settlement Date, an interim per share dividend with regards to the 2014 fiscal year
corresponding to the per share dividend distributed by Corio divided by 1.14.

Corio Dividend
To date, the amount of the estimated dividend to be distributed by Corio is € 1.03 per share. Currently, 100,776,951 ordinary shares are entitled to dividend. With effect from 8 January 2015  the shares will go ex-dividend.

The Corio dividend will be paid in cash minus 15% Dutch dividend withholding tax.

Click here for the press release.