ICADE : Serge Grzybowski appointed Vice-President of the Board of Directors of EPRA

Press Release

Paris, 5 September 2013

Serge Grzybowski appointed Vice-President of the Board of Directors of EPRA

During its general meeting held on 4 September 2013, EPRA (European Public Real Estate Association) decided to appoint Serge Grzybowski, Chairman and CEO of Icade, Vice-President of its Board of Directors.
Managed by Philip Charls, this association brings together the most important listed European companies of the real estate sector.
At the annual convention of EPRA, held at the Westin Hotel in Paris on 5 and 6 September, the members of the association will meet for two days of conferences and debates.
During this event, Serge Grzybowski will speak on 6 September at a round table about the SIIC
regime (French REITs) and its outlook.
A graduate of the IEP Paris and the ENA, Serge Grzybowski began his career as a civil servant with the Caisse des Dépôts from 1983 to 1987. From 1989 to 1991, he was Deputy Managing Director of the Bourdais group (corporate property consultancy). In September 1992, he joined Banque la Henin (SUEZ group) initially as Deputy Managing Director, and subsequently as Managing Director, and from
1997 to 2000 he was director of BDPME, CEPME and Sofaris.
Managing Director of Gécina from 2001 to 2006, he joined HSBC as Property Consultant and Director of Financial Institutions. Serge Grzybowski was appointed Chairman and CEO of Icade on 1 August
2007.

About Icade:

Icade is a listed real estate company, a subsidiary of Caisse des Dépôts. The location of its business properties and its expertise in the different business lines of public and private real estate make it a major player of the Greater Paris area, able to bring global, sustainable and innovative solutions
that are tailored to customer needs. Since 9 August 2013, Icade owns 93.28% of Silic's capital and
voting rights (http://www.silic.fr/)
On 31 December 2012, Icade posted consolidated revenue of 1499.3 million euros and had net current cash flow of 251.4 million euros. As at 30 June 2013, its EPRA triple net asset value was
4,079.5 million euros or 78.9 euros per share.

Contacts:

Nathalie Palladitcheff

Member of the executive committee, in charge of finance, legal matters and IT, and for the property services division

[phone]

[e-mail]

Julien Goubault

Deputy Chief Financial Officer, in charge of financing, corporate and investor relations

[phone] [e-mail]

About EPRA:

The European Public Real Estate Association is the voice of the publicly traded European real estate sector. With more than 200 active members, EPRA represents over €250 billion of real estate assets and more than 90% of the market capitalisation of the FTSE EPRA/NAREIT Europe Index. Through the provision of better information to investors, improvement of the general operating environment, encouragement of best practices and the cohesion and strengthening of the industry, EPRA works to encourage greater investment in listed real estate companies in Europe.