Societe Fonciere Lyonnaise : SFL – Completion of the bond tender offer

PRESS RELEASE

Paris, 27 September 2018

SFL - Completion of the bond tender offer

On 26 September 2018, SFL successfully completed the tender offer launched on 19 September 2018 for two bond issues maturing in November 2021 and November 2022. The operation has enabled SFL to redeem a portion of the bonds in a total nominal amount of €300 million, in line with its objective. Of this overall amount, €150 million relates to the bonds maturing in 2021 and €150 million to those maturing in 2022.

This tender offer is part of the Company's active debt management strategy, and allows SFL to reduce future average borrowing costs and extend the average maturity of its debt.

About SFL

Leader in the prime segment of the Parisian commercial real estate market, Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at €6.4 billion and is focused on the Central Business District of Paris (#cloud.paris, Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies in the consulting, media, digital, luxury, finance and insurance sectors. As France's oldest property company, SFL demonstrates year after year an unwavering commitment to its strategy focused on creating a high value in use for users and, ultimately, substantial appraisal values for its properties.

Stock market: Euronext Paris Compartment A - Euronext Paris ISIN FR0000033409 - Bloomberg: FLY FP - Reuters: FLYP PA

S&P rating: BBB+ stable outlook

SFL - Thomas Fareng - Phone [phone] [e-mail] Evidence - Grégoire Silly - Phone: [phone] [e-mail]