Covivio : SHARE CAPITAL VARIATION NOTICE FOR THE PERIOD BETWEEN 30 OF SEPTEMBER AND 31 OF DECEMBER 2021

COVIVIO S.A.

SHARE CAPITAL VARIATION NOTICE

FOR THE PERIOD BETWEEN 30 OF SEPTEMBER AND 31 OF DECEMBER 2021

Paris, 31 December 2021. Pursuant to Article IA.2.3.5 of the Instructions to the Regulations of Markets organized and managed by Borsa Italiana S.p.A., please find below the details of intervened changes in the share capital of Covivio S.A. ("Covivio" or the "Company") for the period between 30 of September 2021 and today, December the 31st, 2021 and the consequent composition of the share capital (fully subscribed and paid) as at today.

It should be noted that, all changes occurred in the reference period are referable to the following decisions of the Chief Executive Officer (Directeur Général) of the Company, Christophe Kullmann, as duly empowered pursuant to Covivio Shareholders Meetings' resolutions and Board of Directors' resolutions:

• November 19, 2021: following the definitive assignment of 69,210 free shares (actions gratuites) to those entitled under the Covivio' stock incentive plans approved, inter alia, by the Shareholders' General Meeting of the company held on April, the 27th 2016, the assignment of which became definitive on November, the 22nd, the share capital of the Company increased from Euro 283,738,443.00 to Euro 283,946,073.00, divided into n. 94,648,691 ordinary shares with a nominal value of Euro 3.00 each.

As at today, December 31st, 2021, Covivio' share capital is therefore equal to Euro 283,946,073 fully paid and divided into n. 94,648,691 ordinary shares, for a nominal value of Euro 3.00 each.

SCHEME

	Updated share capital	Previous share capital
			Nominal			Nomin
	Euro	no. shares	Euro	no. shares	al
			value.			value.
Total,	283,946,073	94,648,691	€ 3	283,738,443	94,579,481	€ 3
out of				(at 31/03/2021)	(at 31/03/2021)
which:
Ordinary shares	283,946,073	94,648,691	€ 3	283,738,443	94,579,481	€ 3
(regular fruition)				(at 31/03/2021)	(at 31/03/2021)
Actual coupon no.: N.A.
Ordinary shares
(differential fruition)	-	-	-	-	-	-
Actual coupon no.: N.A.
Preference shares
(regular fruition)	-	-	-	-	-	-
Actual coupon no.: N.A.
Preference shares
(differential fruition)	-	-	-	-	-	-
Actual coupon no.: N.A.
Convertible saving shares
(regular fruition)	-	-	-	-	-	-
Actual coupon no.: N.A.
Convertible saving shares
(differential fruition)	-	-	-	-	-	-
Actual coupon no.: N.A.

Non convertible saving shares
(regular fruition)	-	-	-	-	-	-
Actual coupon no.: N.A.
Non convertible saving shares
(differential fruition)
Actual coupon no.: N.A.	-	-	-	-	-	-