Cie Immobiliere de Belg : IMMOBEL announces its intention to launch a bond-issue up to 100 million euros

PRESS RELEASE

Non regulated information Brussels, 5 May 2017 at 8.40 AM

IMMOBEL announces its intention to launch a bond‐issue up to 100 million euros

IMMOBEL SA (unrated) has mandated BNP Paribas Fortis and Degroof Petercam as "Joint Lead Managers" to arrange a series of fixed income investor meetings. Group lunch presentations will be organized in Brussels, Paris and Luxembourg. A 5 to 7 year transaction for up to EUR 100 million in one or multiple tranches may follow, subject to market conditions. The EUR 100k denominated bonds will be listed on Alternext.

With the intention of launching a bond‐issue, IMMOBEL confirms its financial strategy and its commitment to pursue the development of its real estate portfolio in Belgium as well as abroad. The issue would allow the Company to continue to develop a model oriented towards growth and optimisation of its assets to the benefit of all its shareholders. It will also allow to diversify its sources of finance, to extend the maturity of its debt and to decrease its average cost of debt.

For further details :

Valery Autin*, Chief Financial Officer

[phone]

[e-mail]

* permanent representative of the company Val U Invest SPRL

About the Group IMMOBEL

IMMOBEL is the largest listed Belgian property developer. Since its foundation in 1863, the Group has developed and marketed innovative urban projects in response to the needs of cities and their inhabitants. Thanks to its bold strategy and a talented workforce of around a hundred people, IMMOBEL has succeeded in diversifying its expertise in the residential, office, retail and landbanking sectors and has successfully expanded internationally to the Grand Duchy of Luxembourg and Poland. Its portfolio now totals more than 850,000 m² under development and the Group has a market capitalisation of more than 550 MEUR, establishing its position as a market leader.

For more information, go to www.immobel.be

IMPORTANT COMMUNICATION

THIS COMMUNICATION IS NOT INTENDED FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION IS FORBIDDEN UNDER APPLICABLE LAW.

This communication does not constitute an offer to sell or to subscribe to securities, or an invitation to make an offer to purchase securities or subscribe to securities, and securities shall not be sold or subscribed to in any jurisdiction in which such offer, invitation, sale or subscription would be illegal without advance subscription or qualification under the financial legislation of such jurisdiction.

The issue of, subscription to or purchase of securities is subject to special statutory or regulatory restrictions in certain jurisdictions. The Company is not liable in the event that there is a violation by any person of these restrictions.

The placement of the bonds is exclusively conducted under applicable private placement exemptions and therefore it has not been and will not be notified to, and the offering material relating to the bonds have not been and will not be approved by, the Belgian Financial Services and Markets Authority (Autorité des services et marchés financiers/Autoriteit voor financiële diensten en markten).

No public offering shall be made of any securities, referred to in this document, in the United States. The securities referred to in this document shall not be registered under the US Securities Act of 1933 (the "Securities Act") or with any other supervisory authority of securities of any state or other jurisdiction of the United States and may not be offered, sold, pledged or transferred or delivered in any other way, directly or indirectly, in or to the United States, except in a transaction that is not subject to or meets the requirements of an applicable exception of the registration requirements of the Securities Act. The securities referred to in this document have not been approved or rejected by the SEC, any other supervisory authority of securities of any state or other supervisory body of the United States, nor have these authorities assessed the appropriateness of this proposed offer or the adequateness or accuracy of this document. Any statement to the contrary is a criminal offence in the United States.

This document is not an offering document or prospectus in connection with an offering of securities by the Company. Investors may not accept an offering of securities that are mentioned in this document nor acquire them unless they do this on the basis of information contained in the applicable prospectus or offering document to be published or distributed by the Company.