Societe Fonciere Lyonnaise : SFL successfully prices €99 million bonds to be assimilated

PRESS RELEASE

Paris, 21 April 2022

SFL successfully prices €99 million bonds to be assimilated

Today, SFL successfully priced its issue of €99 million bonds maturing on 21 April 2028 with an annual coupon of 0.50% (the "New Bonds"). The New Bonds will be assimilated with the €500 million bonds issued by SFL on 21 October 2021 (ISIN: FR00140060E7) (the "Existing Bonds").

In accordance with the resolutions approved by the general meeting of the holders of the Existing Bonds, an amount equivalent to the principal amount of the New Bonds shall be allocated by SFL to the financing or the refinancing of a portfolio of green assets meeting the environmental criteria described in more detail in the green financing framework (as may be amended and supplemented) available on SFL's website.

The settlement of the New Bonds is expected to take place on 28 April 2022. The New Bonds will be listed on the regulated market of Euronext Paris. Pursuant to the exemption to the obligation to publish a prospectus provided by Article 1 paragraph 5.(a) of Regulation (EU) 2017/1129 of the European Parliament and of the Council, no prospectus was prepared by SFL or approved by the Autorité des marchés financiers or any other competent authority for the purpose of issuing the New Bonds. The terms and conditions of the New Bonds will be available on SFL's website at the following address:https://www.fonciere-lyonnaise.com.

SFL is rated BBB+ with a stable outlook by Standard & Poor's.

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 €7.6 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]

IMPORTANT INFORMATION

This press release may not be released, published or distributed, directly or indirectly, in or into the United States of America, Australia, Canada, South Africa or Japan. The distribution of this press release may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes, should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

No communication or information relating to the offering of the New Bonds may be transmitted to the public in a country where there is a registration obligation or where an approval is required. No action has been or will be taken in any country in which such registration or approval would be required. The issuance or the subscription of the New Bonds may be subject to legal and regulatory restrictions in certain jurisdictions; SFL assumes no liability in connection with the breach by any person of such restrictions.

This press release is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 (as amended, the "Prospectus Regulation") and Regulation (EU) 2017/1129 as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation").

This press release is not an offer to the public, an offer to subscribe or designed to solicit interest for purposes of an offer to the public other than to qualified investors in any jurisdiction, including France.

The New Bonds have been offered only by way of a placement in France and outside France (excluding the United States of America, Australia, Canada, South Africa and Japan), solely to qualified investors as defined in point (e) of Article 2 of the Prospectus Regulation and Article 2 of the UK Prospectus Regulation and there will be no public offering in any country (including France) in connection with the New Bonds, other than to qualified investors. This press release does not constitute a recommendation concerning the issue of the New Bonds. The value of the New Bonds can decrease as well as increase. Potential investors should consult a professional adviser as to the suitability of the New Bonds for the person concerned.

France

The New Bonds have not been and will not be offered or sold or caused to be offered or sold, directly or indirectly, to the public in France other than to qualified investors. Any offer or sale of the New Bonds and distribution of any offering material relating to the New Bonds have been and will be made in France only to qualified investors as defined in point (e) of Article 2 of the Prospectus Regulation.

United States of America

This press release may not be released, published or distributed in or into the United States of America (including its territories and dependencies, any State or other jurisdiction of the United States of America and the District of Columbia). This press release does not constitute or form a part of an offer of securities for sale or of any offer or solicitation to purchase securities in the United States of America. The New Bonds mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933 (the "Securities Act") or the law of any State or other jurisdiction of the United States of America and may not be offered or sold in the United States of America except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable state securities laws. The New

Bonds are and will be offered or sold only in "offshore transactions" outside of the United States of

America, in accordance with Regulation S under the Securities Act. SFL does not intend to register any portion of the proposed offering in the United States of America and no public offering will be made in the United States of America.

SFL - Thomas Fareng - Phone [phone] [e-mail]

www.fonciere-lyonnaise.com