Leasinvest Real Estate : Transparency notification AXA

PRESS RELEASE

Publication of a transparency notification

Regulated

information -

under embargo till 27/07/2021 - 18.00h

www.leasinvest.be

PRESS RELEASE - Regulated information under embargo till 27/07/2021 - 18.00h

PUBLICATION OF A TRANSPARENCY NOTIFICATION IN ACCORDANCE WITH THE LAW OF 02/05/2007 ON THE DISCLOSURE OF IMPORTANT PARTICIPATIONS

A notification of 27 July 2021 issued by AXA, shows a passive threshold overrun, following the introduction of the double voting rights and a capital increase by contribution in kind from a/o Extensa Group, as approved at the extraordinary general meeting of Leasinvest Real Estate on 19 July 2021. The total number of voting rights of AXA in Leasinvest Real Estate has decreased to 13.44% of the voting rights in Leasinvest Real Estate NV (hereinafter the "Company").

The notification comprises the following information:

REASON FOR THE NOTIFICATION: Passive threshold overrun

NOTIFICATION: by the parent company or controlling person.

PERSON(S) SUBJECT TO THE NOTIFICATION REQUIREMENT

Name and legal form	Address
AXA SA	25, Avenue Matignon, 75008 Paris, France
TRANSACTION DATE: 19 July 2021
THRESHOLD DROPPED BELOW: 15%
DENOMINATOR: 11,804,919

2	www.leasinvest.be

PRESS RELEASE - Regulated information under embargo till 27/07/2021 - 18.00h

DETAILS OF THE NOTIFICATION
A) Voting rights	Previous		After the transaction
	notification
	# voting rights		# voting rights	% voting rights
Holders of voting rights			Related to	Unrelated	Related to	Unrelated
			securities	to	securities	to
				securities		securities
AXA SA	0		0		0.00%
AXA Holdings SA	0		0		0.00%
AXA Belgium SA	1,575,071		1,586,646		13.44%
Sub-total	1,575,071		1,586,646		13.44%
TOTAL			1,586,646		13.44%

B) Equivalent	After the transaction
financial
instruments
Holders of	Type of				# voting	% voting	Settlement
equivalent	financial	Maturity	Exercise		rights that	rights
financial	instrument		period or		can be
instruments			date		acquired if
					the financial
					instrument
					is exercised
				0	0.00%
					# voting
	TOTAL (A & B)				rights	% voting rights
				1,586,646	13.44%

3	www.leasinvest.be

PRESS RELEASE - Regulated information under embargo till 27/07/2021 - 18.00h

Additional information

This notification concerns a passive threshold overrun, that took place following the press release published by the issuer following the extraordinary general meeting of 19 July 2021, announcing the issue of 4,075,458 new shares, and the introduction of double voting rights (loyalty voting right) for the paid-up shares, continuously registered in the register of registered shares, in the name of the same shareholder since minimum two years.

Full chain of control of the companies via which the participation is effectively held

AXA Holdings Belgium SA holds 94.93% in AXA Belgium and AXA SA holds 5.07%. AXA SA holds 100% in AXA Holdings Belgium SA. AXA SA is not a controlling entity. The operating entities of the AXA Group comprise the insurance subsidiaries of AXA SA that act and exercise their voting rights, independently from the Group entities having the status of management company of a portfolio or investment company.

_________________

The notice as well as the shareholder structure can be consulted on the Company's website https://leasinvest.be/en/investor-relations/shareholders-transparency/.

In accordance with Article 28 of the Articles of Association, the double voting rights - which were introduced on the basis of the decision of the Extraordinary General Meeting of the Company of 19 July 2021 - shall be granted to each fully paid-up share of the Company that has been continuously registered in the register of registered shares in the name of the same shareholder for a period of at least two years. The remaining shares entitle to one vote. The two-year period shall begin to run from the date of registration of the nominative shares in the share register.

Leasinvest Real Estate NV uses the LIFO method ("last in, first out") to calculate the period of two consecutive years. For the same registered shareholder, the shares it last acquired shall be the first shares to be deducted from its global holdings of the Company's nominative shares upon subsequent transfer or dematerialisation, unless the request for dematerialisation or transfer documentation expressly provides otherwise.

4	www.leasinvest.be

PRESS RELEASE - Regulated information under embargo till 27/07/2021 - 18.00h

For more information, contact

Leasinvest Real Estate NV

MICHEL VAN GEYTE

Chief Executive Officer

T: [phone]

E: [e-mail]

On LEASINVEST REAL ESTATE NV

Leasinvest Real Estate NV is a mixed real estate investor and developer.

The total value of the investment portfolio is approximately EUR 1.4 billion, distributedamong the Grand Duchy of Luxembourg (45%), Belgium (42%) and Austria (13%).

Leasinvest is one of the largest real estate investors in Luxembourg.

The total value of the development portfolio is approximately EUR 0.3 billion and is distributed among the Sites of Tour&Taxis and Cloche d'Or, on which mixed developments (residential and offices) are ongoing and on which new subprojects willbe launched in the coming years.

The Company is listed on Euronext Brussels and has a market capitalisation of € 678 million (value 27 July 2021).

5	www.leasinvest.be