Warehouses De Pauw : N.V., - WDP keurt verwerving van 9,09%-participatie in Catena via directe plaatsing van nieuwe aandelen goed en vormt strategisch partnership

PRESS RELEASE

REGULATED INFORMATION - INSIDE INFORMATION

29 MARCH 2022, 01.30 AM

WDP agrees to acquire a 9.09% stake in Catena through a directed Share Issue

and forms strategic partnership

WDP Invest NV/SA, a wholly-owned subsidiary of Warehouses De Pauw NV/SA ("WDP"), has agreed to subscribe to a directed issue of 4,122,676 shares in Catena AB (publ) ("Catena") at a subscription price of SEK 526.00 per share (the "Share Issue") and will upon settlement of the Share Issue, obtain 9.09% of the shares and voting rights in Catena. The issue price results in a total investment of EUR 206.7 million for WDP. Backahill, in capacity of Catena's largest shareholder, has the intention to propose WDP's CEO, Mr. Joost Uwents, to Catena's Nomination Committee, as the 8th Board member in Catena.

In light of the acceleration of active developments from the landbank as announced during the publication of the full year 2021 results, Catena intends to use the net proceeds of the Share Issue to finance investments in property acquisitions, in accordance with recently announced acquisitions, and property development projects whilst maintaining Catena's stable capital structure.

Catena and WDP aim to start a strategic cooperation to enable a broader geographical coverage to clients and stimulate tenant integration on the corridor between their main portfolio locations, benefitting clients with goods flowing in either direction. In addition, Catena and WDP believe that this cooperation provides strong potential for knowledge sharing in the fields of sustainability, project development and general operations in pursuit of enhancing a fully integrated client experience as well as an improved competitive position in the European logistics real estate market.

WDP envisages a stake of 10% of the shares and voting rights in Catena in the foreseeable future. Backahill intends to issue a proposal to Catena's Nomination Committee, to expand Catena's Board of Directors from seven to eight Board members. Therewith, subject to decision by Catena's AGM, allowing Mr. Joost Uwents, CEO of WDP, to be elected as new ordinary Board member during Catena's AGM on April 28, 2022.

"Catena and WDP share similar DNA of strong, successful family backed companies. Catena has structurally displayed the ability to grow its strong operating platform, its attractive development pipeline and should be considered as one of the driving forces of Scandinavian logistics properties", comments Joost Uwents, CEO of WDP. "I very much look forward to start the cooperation with Catena's team, to combine and exchange our experience and mutual expertise in the European logistics real estate market in pursuit of unlocking the full potential of such cooperation for all Catena and WDP stakeholders."

Jörgen Eriksson, CEO of Catena, comments: "We are very pleased to be able to announce this directed Share Issue and to welcome WDP as a new, long-term shareholder. On top of that, I am very much looking forward to the cooperation with Joost Uwents, whom we can consider one of Europe's most respected thought leaders in the logistics space. The proceeds of the issue allow Catena to foster the acceleration of our portfolio growth and we see great collaboration opportunities with WDP as a key player in the European logistics real estate market."

"We very much welcome WDP as a long-term shareholder and strategic partner of Catena. Over the last years, the logistics space has become increasingly competitive, and we recognize that an increased scale becomes even more important to sustain our competitive edge. As such, we see a strong mutual benefit of this strategic partnership. Backahill has supported the company since 2013 and will continue to do so." According to Lennart

Mauritzson, incoming Chairman of the Board of Catena.

Catena is a listed property company that sustainably and through collaboration develops and durably manages efficient logistics facilities. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future goods flows. The overarching objective is to generate strong cash flow from operating activities to enable sustainable growth and stable returns. As of 31 December 2021, the properties had a total value of SEK 23,400.0 million. Catena's shares are traded on NASDAQ Stockholm, Large Cap with a total Market Cap of SEK 21,664.7 million.

WDP, through a wholly owned subsidiary, has subscribed for all the new shares in the Share Issue, for SEK 526.00 per share and representing a 10bps premium to the latest closing price of SEK 525.5 per share on March 28, 2022 leading to a total amount of SEK 2,168.5 million or c. EUR 206.7 million. Payment in the Share Issue will have to be made on April 5, 2022, at the latest. Upon payment and registration of the new shares with the Swedish Companies Registration Office, Catena will deliver the shares to WDP's wholly owned subsidiary.

WDP develops and invests in logistics property (warehouses and offices). WDP's property portfolio amounts to approximately 6 million m². This international portfolio of semi-industrial and logistics buildings is spread over more than 250 sites at prime logistics hubs for storage and distribution in Belgium, France, the Netherlands, Luxembourg, Germany, and Romania.

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WDP NV/SA - BE-REIT (public regulated real estate company under Belgian law).

Company number 0417.199.869 (Brussels Register of Legal Entities, Dutch-language section)

More information

WDP NV/SA	Joost Uwents	Mickaël Van den Hauwe
Blakebergen 15	CEO	CFO
1861 Wolvertem
Belgium
www.wdp.eu	M [phone]	M [phone]
[e-mail]	[e-mail]	[e-mail]
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Disclaimer

Warehouses De Pauw NV/SA, abbreviated WDP, having its registered office at Blakebergen 15, 1861 Wolvertem (Belgium), is a public Regulated Real Estate Company, incorporated under Belgian law and listed on Euronext.

This press release contains forward-looking information, forecasts, beliefs, opinions and estimates prepared by WDP, relating to the currently expected future performance of WDP and the market in which WDP operates ("forward-looking statements"). By their very nature, forward-looking statements involve inherent risks, uncertainties and assumptions, both general and specific, and risks exist that the forward-looking statements will not prove accurate. Investors should be aware that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in, or implied by, such forward-looking statements. Such forward-looking statements are based on various hypotheses and assessments of known and unknown risks, uncertainties and other factors which seemed sound at the time they were made, but which may or may not prove to be accurate. Some events are difficult to predict and can depend on factors on which WDP has no control. Statements contained in this press release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future.

This uncertainty is further increased due to financial, operational and regulatory risks and risks related to the economic outlook, which reduces the predictability of any declaration, forecast or estimate made by WDP. Consequently, the reality of the earnings, financial situation, performance or achievements of WDP may prove substantially different from the guidance regarding the future earnings, financial situation, performance or achievements set out in, or implied by, such forward-looking statements. Given these uncertainties, investors are advised not to place undue reliance on these forward-looking statements. Additionally, the forward-looking statements only apply on the date of this press release. WDP expressly disclaims any obligation or undertaking, unless if required by applicable law, to release any update or revision in respect of any forward-looking statement, to reflect any changes in its expectations or any change in the events, conditions, assumptions or circumstances on which such forward-looking statements are based. Neither WDP, nor its representatives, officers or advisers, guarantee that the assumptions underlying the forward-looking statements are free from errors, and neither do they make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved.