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  • Terreis - Other regulatory information
    the Company acting as agent pursuant to article L 132 1 of the French Commercial Code in its own name but on behalf of Crédit Agricole Corporate and Investment Bank The Repurchase Price will be paid on 18 February 2011 at the latest to the financial intermediaries holding the securities accounts of the holders of Repurchased Equity Warrants The New Shares issued upon exercise of the Repurchased Equity Warrants will be subject to a private placement with institutional investors in and outside of France with certain restrictions The placement will be open from 28 January to 15 February 2011 It may be closed early without prior notice The Placement will be carried out at the set price of 11 50 per New Share corresponding to the Exercise Price of the Equity Warrants The Issue is subject to an underwriting and placement agreement entered into by the Company Crédit Agricole Corporate and Investment Bank and Ovalto Investissement Under the terms of the underwriting and placement agreement Crédit Agricole Corporate and Investment Bank has undertaken to exercise the totality of the Repurchased Equity Warrants The New Shares that have not been placed by the Banks within the framework of the Placement will be sold at the date of settlement delivery at the Exercise Price of the Equity Warrants by Crédit Agricole Corporate and Investment Bank to Ovalto Investissement in accordance with a repurchase undertaking taken by Ovalto Investissement towards Crédit Agricole Corporate and Investment Bank II Financial service of shares The security and financial services for the Company shares are insured by CACEIS Corporate Trust 14 rue Rouget de l Isle 92862 Issy les Moulineaux Cedex 9 III Information for the public The Prospectus approved by the Autorité des Marchés Financiers the AMF the French Securities Regulator under No 11 025 on 26 January 2011 is available free of charge at the registered office of TERREÏS 24 avenue Aristide Briand 92160 Antony France from Crédit Agricole Corporate and Investment Bank and from Invest Securities on the Company s website www terreis fr and the website of the AMF www amf france org The prospectus consists of the reference document of TERREÏS filed with the AMF on 22 June 2010 under No R 10 048 the update of the Reference Document filed with the AMF on 10 December 2010 under No D 10 0295 A01 the document filed with the AMF under No E 10 082 on 10 December 2010 the second update of the Reference Document filed with the AMF on 26 January 2011 under No D 10 0295 A02 the offering memorandum which includes a summary TERREÏS draws the attention of investors to the risk factors section in the prospectus approved by the AMF Lead manager and Bookrunner Crédit Agricole Corporate and Investment Bank Co Lead Manager Invest Securities Next periodic publication FY 2010 results March 23th 2011 Contact Emmanuel Pineau Deputy Managing Director of OVALTO Investissement Tél 33 0 1 82 00 95 01 About TERREÏS www terreis fr TERREÏS

    Original URL path: http://www.terreis.fr/en/?option=com_actusnewswire&view=communiques&Itemid=184&lang=en&act_page1=ok&act_page2=ok&act_page3=ok&LANG=EN&langue=EN&RefACT=ACTUS-0-243&ACT_Type1=2&ID=ACTUS-0-22506&CLIENT=ACTUS-0-243 (2014-03-04)
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  • Terreis - Other regulatory information
    arrondissements and three office buildings 13 000 sq m situated in Paris Tours and Nancy For the purposes of the proposed merger these assets have been valued by BNP Real Estate at 209 million at 30 September 2010 The merger by absorption of DAB Expansion and Avenir Investissement will see TERREÏS reinforce its balance sheet with an estimated merged property portfolio of 575 million expert valuation at 30 September 2010 and net debt of 229 million Since the end of September more than 110 million of new promises have been signed taking the merged property portfolio to around 700 million TERREÏS ambition is on one hand to rapidly achieve a 1 billion property portfolio focused on tertiary property mainly in Paris and on the other hand to confirm its listed property company status régime des Sociétés d Investissement Immobilier Cotées or SIIC by diversifying its institutional shareholders base in respect of a 60 maximum stake owned by majority shareholder To that end an equity issue of around 100 million is envisaged These two operations are part of Jacky Lorenzetti s patrimonial strategy aimed at using TERREÏS as a special investment vehicle to build a first quality property portfolio under favourable tax conditions A larger float of a significantly expanded TERREÏS will boost the liquidity of the stock and provide a better visibility among property companies listed on the NYSE Euronext market in Paris II General terms of the merger transaction DAB Expansion and Avenir Investissement net assets have been valued on the basis of interim statements at 30 September 2010 4 th quarter 2010 datas and datas for the period from 1 st to 10 th January 2011 the latter being the planned day for the general meeting of shareholders of merged companies Merger parities have been established taking into account Net Asset Value replacement basis for each entity at 30 September 2010 based on a valuation by BNP Real Estate For the merged companies it stands at 19 50 per share a 15 6 increase compared to the level achieved by TERREÏS at 31 December 2009 Extraordinary general meetings of shareholders of TERREÏS and partners from merged companies will take place on January 10 th 2011 to approve the merger with an immediate accounting and fiscal effect The notice of TERREÏS meeting was today published in the French legal gazette BALO The draft merger agreement was signed on December 3 rd 2010 Merger and absorption operations will lead to the creation of 8 880 549 new TERREÏS shares Following the merger TERREÏS shareholders equity will be composed of 16 752 242 shares with a 3 par value The new ordinary TERREÏS shares to be issued in connection with the merger will be tradable upon issue and subject to all statutory provisions of TERREÏS They will be due January 1 st 2011 and won t receive any dividend payment for the 2010 fiscal year Their admission to trading on the NYSE Euronext market in Paris will be requested once the

    Original URL path: http://www.terreis.fr/en/?option=com_actusnewswire&view=communiques&Itemid=184&lang=en&act_page1=ok&act_page2=ok&act_page3=ok&LANG=EN&langue=EN&RefACT=ACTUS-0-243&ACT_Type1=2&ID=ACTUS-0-21985&CLIENT=ACTUS-0-243 (2014-03-04)
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