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COFINIMMO

Leading real estate investment trust (REIT) quoted on NYSE Euronext Brussels and Paris.

At 31 December 2009, the Company owned 4.01% of Cofinimmo.

The Company is conducting a growth strategy on three main axes: acquisition of offices let on a long-term basis to high-quality occupants, concluding long-term real-estate transactions with industrial or services company counterparties wanting to concentrate on their core businesses, and stakes in several Private Public Partnerships in the real-estate field in Belgium.

Cofinimmo recorded for the financial year ending on 31 December 2009:

• An increase in current net earnings (Group share) per share at EUR 6.59 against EUR 4.20 in 2008.The negative revaluation of financial instruments (IAS 39) was distinctly lower in 2009 than in 2008.
• An increase in its current net earnings (Group share) per ordinary share to EUR 2.31 against EUR -0.40 in 2008. Net earnings per share were less impacted by the (non cash) effect of a reduction in the fair value of the company’s asset base.

The value of net assets re-evaluated at fair value before appropriation of profit was EUR 100.00 per ordinary share at the end of 2009 against EUR 108.98 at the end of 2008. The company is envisaging a gross dividend unit of EUR 6.50 for 2009 (against EUR 7.80 the previous year). The 2009 and 2008 earnings per share are presented on a fully diluted basis see www.cofinimmo.com for further information).