Not for release, publication, or distribution outside Belgium. The words written with a capital letter, have the same meaning as defined in the Prospectus.


Regulated information
Press release
Wednesday 18 December 2013

Publication pursuant to article 15 of the Law of 2 May 2007 on the publication of important participations (Transparency Law)

Pursuant to (i) the contribution in kind of 100% of the shares of Laagland NV, (ii) the initial public offering of 3,015,200 new shares in the framework of the capital increase in cash on 18 December
2013 for an amount of 75,380,0001 euro and (iii) the capital decrease for an amount of 5,734,000 euro on 18 December 2013 to cover existing and foreseeable losses, the total share capital of Qrf on 18
December 2013 amounts to 76,088,775 euro and the shares of Qrf will be listed on Euronext Brussels
for the first time. There are no preferred shares. Each of the shares entitles one vote on the general meeting of shareholders and these shares represent the denominator for purposes of notifications in case of reaching, exceeding or falling below the legal thresholds (transparency rules). Qrf does not have an additional statutory threshold regarding the publication of important participations.

There are no outstanding options or warrants issued giving entitlement to shares.

For more information you can reach:

Anneleen Desmyter, CEO of Qrf, tel: +32 (0) 476 98 21 94, anneleen.desmyter@qrf.beor
Gunther De Backer, Communication, tel: +32 (0)2 290 90 90, DeBacker@comfi.be
More information regarding Qrf can be found on the website: www.qrf.be.

Qrf is a Belgian real estate investment company (openbare vastgoedbevak naar Belgisch recht) headquartered in Antwerp, Belgium investing in retail real estate with a focus on inner-city real estate within the so called "golden mile" of regional and big cities in Belgium. As from 18 December 2013 Qrf has a real estate portfolio worth 114.2 million euro generating approximately 7.2 million eur of lease income per year.

1 See the press releases of 10 December 2013 and 13 December 2013.

Qrf Comm. VA • Antwerpen, België • tel +32 (0)3 233 52 46 •

info@qrf.be www.qrf.be

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