SFL Announces the Early Redemption of Its €500,000,000 1.875% Notes Due 26 November 2021 issued by Société Foncière Lyonnaise and governed by the terms and conditions set forth in the prospectus dated 24 November 2014 which was granted visa no. 14-615 by the French Autorité des Marchés Financiers All capitalised terms used herein and not defined shall have the meaning assigned to such terms in the Terms and Conditions. Pursuant to Condition of the Terms and Conditions, SFL hereby gives notice to the Noteholders of the redemption of the outstanding Notes, in whole, at their principal amount together with interest accrued to but excluding the date of redemption, as follows: The redemption date for the Notes will be 26 August 2021. The total principal amount of the Notes being redeemed is €249,700,000 and the aggregate amount of accrued and unpaid interest payable on the Redemption Date for all of the outstanding Notes shall be €3,501,792.80. Noteholders are advised to inform themselves on the specific conditions relating to redemption and interest calculation provided for in the Terms and Conditions. The Fiscal Agent and Paying Agent is BNP Paribas Securities Services (Euroclear France Affiliate number 29106). Payment of the principal and interest in respect of the Notes on the Redemption Date shall be made for the benefit of the Noteholders to the Account Holders (including Euroclear France, Euroclear and Clearstream, Luxembourg) and such payment so made to the relevant Account Holders shall discharge the liability of SFL under the Notes to the extent of the sums so paid.