Acquisition of the Office Kennedy Property and Capital Increase

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PARIS, August 05, 2021--(BUSINESS WIRE)--Regulatory News:

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Vitura (Paris:VTR) announces it has signed a preliminary sale agreement with an institutional investor for the acquisition of the Office Kennedy property, for an amount of €97 million. This acquisition will be financed by a bank loan and newly-issued shares.

Office Kennedy is located at 19 avenue du Général Mangin, in the heart of Paris’ 16th arrondissement in the wider central business district, close to Maison de la Radio. It has gardens and green space, as well as excellent visibility along the Seine and an incredible view of the Eiffel Tower. With a surface area of nearly 10,000 sq.m, the property offers excellent transportation links, just a stone’s throw from the RER C station and close to metro lines 6, 9 and 10. It is located next to the Passy Kennedy building acquired by Vitura in 2018.

As part of the acquisition, which is expected to be completed by the end of the year, the Company plans to carry out a capital increase with preemptive subscription rights for existing shareholders of around €50 million. The operation will be supported by its major shareholders Northwood Investors and GIC, which together hold 82% of Vitura's share capital. These shareholders have already stated their intention to subscribe to the issue in proportion to their stake in the Company's share capital and to guarantee the capital increase in full. The operation will be launched by the end of the year, and the necessary approvals are in the process of being obtained from market authorities. The terms and conditions of the capital increase will be disclosed at a later date.

"This iconic building has strong value-creation potential and, with the neighboring property already in our portfolio, represents an opportunity to create ultra-modern amenities and connected spaces redesigned as living areas where people can meet and interact. The property will meet the highest environmental standards in keeping with the Company’s CSR policy," said Jérôme Anselme, Chief Executive Officer of Vitura.

About Vitura

Created in 2006, Vitura (formerly Cegereal) is a listed real estate company that invests in prime office properties in Paris and Greater Paris. The total value of the portfolio was estimated at €1,455 million at June 30, 2021 (excluding transfer duties). Thanks to its strong commitment to sustainable development, Vitura was named a Global Sector Leader in the 2020 Global Real Estate Sustainability Benchmark’s (GRESB) listed office property companies category and received two Gold Awards from the European Public Real Estate Association (EPRA) for the quality and transparency of its financial and non-financial reporting. Its entire portfolio has achieved NF HQETM Exploitation and BREEAM In-Use International certification. Vitura is a REIT listed on Euronext Paris since 2006, in compartment B (ISIN: FR0010309096). The Company had a market capitalization of €595 million at August 4, 2021.

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Important information

This press release does not constitute an offer to sell nor a solicitation of an offer to buy, nor has there been any sale of ordinary shares in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction. In addition, the publication of this press release in certain countries may be subject to specific regulations. Any person who comes into possession of this document must inform him or herself of and comply with any such local restrictions.

This press release does not constitute a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017 (the "Prospectus Regulation") and as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation"). With respect to the Member States of the European Economic Area (the "Relevant States"), financial securities may not be offered or sold in the absence of publication of a prospectus in any Relevant State or of an exemption from the obligation to publish a prospectus under the Prospectus Regulation or the UK Prospectus Regulation.

This press release has neither been issued nor approved by an authorized person within the meaning of Article 21(1) of the Financial Services and Markets Act 2000. Accordingly, this press release is intended solely for persons in the United Kingdom that (i) are investment professionals falling within the scope of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order"), (ii) are persons falling within the scope of Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc.") of the Order, or (iii) are persons to whom this press release may be communicated in accordance with the law (the persons mentioned in paragraphs (i), (ii) and (iii) together being referred to as "Qualified Persons"). Any investment or investment activity to which this press release relates is available only to Qualified Persons and may only be carried out by Qualified Persons. Persons other than Qualified Persons may not act or rely on this press release or the information contained herein.

This press release does not constitute or form part of any offer of securities for sale or any solicitation to purchase or to subscribe for securities in the United States. The securities referred to herein have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States without registration in accordance with or exemption from the registration requirements of the Securities Act. Vitura does not intend to register all or part of the shares in the United States, nor does it intend to make any public offering of its shares in the United States.

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