Interim statement by the board of directors on the first quarter of 2020

• Real estate portfolio: € 932 million, 4% growth
• Value increase due to sharpening yields in logistics real estate of 9 bp on average
• EPRA earnings per share: € 0,36 (€ 0,38 1st quarter 2019)
• EPRA NAV: € 22,45 per share (€ 21,79 as at 31 December 2019)
• Occupancy rate: 91% total, decrease of 2% points
  • 89% offices: almost stable
  • 93% logistics real estate: decrease of 2% points
• Limited debt ratio: 40%
• Average interest rate of the financing: 2,0% (2,4% 1st quarter 2019)
• Intended gross dividend per share for 2020: € 1,53 at the same level as for 2019
• Expected EPRA earnings per share for 2020 between € 1,60 and € 1,65 based on the current forecasts
• Solid basis due to sectoral spread of tenants, € 119 million non-withdrawn credit lines and strong balance sheet with solid financial ratios