Leasinvest Real Estate : Results extraordinary general meeting of 19 July 2021

PRESS RELEASE

Extraordinary general meeting of

19 July 2021 - renunciation of REIT (GVV/SIR) status - business combination with Extensa - new denominator

Regulated information

19 July 2021 - 18.00h

PRESS RELEASE Regulated information - 19 July 2021 - 18.00h

LEASINVEST REAL ESTATE ABANDONS THE REIT (GVV/SIR) STATUS AND BECOMES AN INTEGRATED REAL ESTATE GROUP THROUGH A BUSINESS COMBINATION WITH EXTENSA GROUP

Business combination with Extensa Group

Leasinvest Real Estate (the "Company") announced on 12 May 2021 its intention to become an integrated real estate group through a business combination with Extensa Group ("Extensa") and giving up the REIT (GVV/SIR) Status.

On 19 July 2021, the extraordinary general meeting of shareholders of the Company (the "EGM") approved all decisions submitted to it, including the contribution in kind of the shares in Extensa and the shares in Leasinvest Real Estate Management NV ("LREM"), the former manager of the Company, by Ackermans & van Haaren. The contributions represent a combined contribution value of EUR 293,433,036 and were contributed in exchange for the issue of 4,075,458 new shares in Leasinvest Real Estate to Ackermans & van Haaren. This resulted in a capital increase of EUR 44,819,454.77 from the Company.

The contribution of the shares in Extensa is part of the Company's intention to transform the Company into a listed mixed real estate player through a business combination with Extensa, which invests in real estate on the one hand and develops real estate on the other hand to either sell or hold in portfolio.

This new business model implies a number of fundamental changes from the framework in which the Company operated in the past. The EGM has therefore decided to voluntarily

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PRESS RELEASE Regulated information - 19 July 2021 - 18.00h

waive the status of public regulated real estate company (and the associated tax regime). In addition, the EGM has decided to transform the Company into a public limited company with (collegiate) board of directors under the CCA.

For more information on the new structure, we refer to the press releases published on 12 May and 18 June 2021 (https://leasinvest.be/media/documents/2021_05_12_LRE_Growth_story_ENG_Final.pdfand (https://leasinvest.be/media/documents/2021_06_18_Press_release_convocation_EGM_Final.p df)

In the context of the application for admission to trading on the regulated market of Euronext Brussels of the shares issued as a result of the aforementioned contributions to the Company's capital, a prospectus should be drawn up to be approved by the FSMA. The prospectus is expected to be made available on 21 July 2021 on the Company's website (https://leasinvest.be/en/investor-relations/prospectus/).

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PRESS RELEASE Regulated information - 19 July 2021 - 18.00h

EXTRAORDINARY GENERAL

MEETING OF 19 JULY 2021

Minutes of the extraordinary general meeting of shareholders of 19 July 2021

The minutes of the EGM held on 19 July 2021 are available on the Company's website. On the occasion of this EGM, the following items on the agenda were approved by the shareholders of the Company:

• the Company's voluntary waiver of its licence as a public regulated real estate company (GVV/SIR) in accordance with Article 62, §2 of the Law of 12 May 2014 on regulated real estate companies (the "GVV/SIR Act") and the associated amendment of the articles of association (including the statutory purpose (henceforth "object")) of the Company in order to bring the articles of association in line with the decision to this renunciation and with the provisions of the CCA;
• conversion of the Company into a public limited company with a (collegiate) board of directors under the CCA and associated amendment of the articles of association;
• dismissal of LREM as statutory manager of the company and appointment of the members of the board of directors of the Company: Brain@Trust BV (permanently represented by Marcia De Wachter), Dirk Adriaenssen, Starboard BV (permanently represented by Eric Van Dyck), SoHo BV (permanently represented by Sigrid Hermans), Colette Dierick, Wim Aurousseau, Granvelle Consultants & C° BV (permanently represented by Jean-Louis Appelmans), Jan Suykens, Piet Dejonghe and Michel Van Geyte and the recording of their remuneration for the exercise of their respective board mandate and/or mandate on a company committee;
• contribution in kind of 100% of the shares in LREM and 100% of the shares in Extensa;
• replacement of the authorisation on authorised capital (taking into account, among other things, the new capital, the waiver of the GVV/SIR status and the provisions of the CCA) and the authorisation to acquire, pledge and dispose of its own securities;
• introduction of the double voting rights (loyalty voting right) in accordance with Article 7:53 of the CCA.

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PRESS RELEASE Regulated information - 19 July 2021 - 18.00h

CORPORATE GOVERNANCE

Following this extraordinary general meeting, a board of directors of the Company took place, appointing Mr. Jan Suykens as Chairman of the Board of Directors and Mr. Michel Van Geyte as managing director of the Company. In addition, the various Committees were set up, which are now composed as follows:

The nomination and remuneration committee:

1. Mr. Jan Suykens;
2. SoHo BV, permanently represented by Mrs. Sigrid Hermans;
3. Starboard BV, permanently represented by Mr. Eric Van Dyck.

The audit committee:

1. SoHo BV, permanently represented by Mrs. Sigrid Hermans;
2. Brain@Trust BV, permanently represented by Mrs. Marcia De Wachter;
3. Mr. Piet Dejonghe.

The Corporate Governance Charter was also amended in view of the waiver of the GVV/SIR status, the transformation into an NV with a collegiate board of directors under the CCA and the other changes that the aforementioned EGM entailed. This adapted Charter can be found on https://leasinvest.be/en/about-us/corporate-governance/

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