Foncière des Régions and Crédit Agricole Assurances FINANCIAL AND EXTRA-FINANCIAL PERFORMANCE deliver the New Vélizy’ campus to Thales, 46,000 m2 in the centre of the Vélizy-Meudon area. This flagship project won the SIIC Trophy in the “Ville & Avenir” category. SHAREHOLDER’S INFORMATION

Creation of an investment partnership, called “FDM Management”, to acquire SHARE PRICE (€) FONCIÈRE DES RÉGIONS SHARE PRICE PERFORMANCE (premises and business assets) run by major BETWEEN 1 JANUARY 2014 AND 1 MARCH 2015: operators in the sector: first transactions in and . 100 +61.8% Foncière des Régions is pursuing its strategy in German Residential with the acquisition of 90 residential portfolios in , Dresden and Leipzig, for €400 million. 80

Foncière des Régions publishes its annual study: Office property and the attraction of French metropolises, conducted with approximately 1,000 employees 70 and 500 directors of companies with more than 250 employees.

JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPT. OCT. NOV. DEC. JANUARY FEBRUARY MARCH 2014 2014 2014 2014 2014 2014 2014 2014 2014 2014 2014 2014 2015 2015 2015  Foncière des Régions, via its subsidiary Foncière des Murs, announces new strategic and structural partnerships with European leaders Meininger and NH Hotel Group. HIGHLIGHTS SHAREHOLDER’S BASE AT THE END OF 2014 STOCK MARKET INFORMATION ISIN code: FR0000064578 Share code: FDR SHAREHOLDER’S 2014 Announcement of a new tenant Where listed: partnership for Foncière des 7% NEWSLETTER Market: local securities IN A Régions with the acquisition of CRÉDIT AGRICOLE 44% the “Liberté et Coupole” GROUP Compartiment A Blue Chips-SRD N°10 PUBLIC Area of activity: complex from in  Real Estate Investment Trusts SRD : eligible NUTSHELL Charenton-le-Pont. 2014 8% I n d i c e s : MSCI, SBF120, Euronext IEIF “SIIC ASSURANCES France”, CAC Mid 100, in the “EPRA” and “GPR 250” DU CRÉDIT MUTUEL benchmark indicators for European REITs, as well as in the FTSE4Good, DJSI World and NYSE Foncière des Régions receives two EPRA Gold Awards Euronext Vigeo (World 120, Eurozone 120, Europe for the quality of its financial reporting (2013 Reference 120 and France 20) ethical indices. Document) and extra-financial reporting Foncière des Régions has been given a BBB-/stable rating by Standard & Poor’s (2013 Sustainable Development Report). 13% COVÉA 28% A PURE NOMINEE OR ADMINISTERED FINANCE GROUP DELFIN GROUP ACCOUNT Foncière des Régions successfully In either case, simply make your request through your completed a bond placement for the amount broker or by free phone (in France) on 0826 109 119 € DIVIDEND TREND (BNP Paribas Securities Services). of 500 million worth of seven-year, to 2014 DIVIDEND pursuit its strategy of diversifying its sources INDIVIDUAL SHAREHOLDER’S CONTACT of financing, lowering debt costs and Shareholders free phone number: extending debt maturity. 0 805 400 865 (calls free from a French landline) €4.30/SHARE VS €4.20/SHARE IN 2013 E-mail : [email protected] Foncière des Régions and Demathieu & Bard Immobilier are developing the future Bose France headquarters in St-Germain-en-Laye.

Launch of the Golden Tulip hotel within 2014 AWARDS the new Euromed Center mixed use complex in . 2 EPRA AGEFI BRONZE AWARD FRANCE GBC AWARD Foncière des Régions steps up its strategic refocusing GOLD AWARDS FOR CORPORATE GOVERNANCE FOR STAKEHOLDERS RELATIONS with the disposal of almost 60% of its logistics assets, for €473 million. MESSAGE WE ARE OUR EUROPEAN AMBITION EXPERTS PRESENCE IS AND ANTICIPATION UNIQUE CHRISTOPHE KULLMANN IN REAL ESTATE CHIEF EXECUTIVE OFFICER

A KEY PLAYER IN REAL ESTATE THE BENCHMARK FOR EUROPEAN REAL ESTATE

TOTAL PORTFOLIO BREAKDOWN OF PORTFOLIO BY TYPE OF ASSET BREAKDOWN OF PORTFOLIO BY COUNTRY IN VALUE, GROUP SHARE IN VALUE

9% OTHER 9% HOTELS  % Foncière des Régions 65% 17 BN AND OFFICES GERMANY has the express €16 SERVICE SECTOR % 61 % €10BN GROUP SHARE 17 ambition of becoming GERMAN FRANCE RESIDENTIAL 20 % a European leader in all its markets. HIGH-PERFORMANCE REAL ESTATE INDICATORS A SUSTAINABLE AMBITION 2% OTHER RENTAL INCOME SHARE OF GREEN ASSETS GROUP SHARE FRENCH OFFICE IN VALUE So to sum up, it was a very busy year for A PIPELINE OF Foncière des Régions, and one in which it 100% reinforced its position as a leading industry €558M THE GERMAN RESIDENTIAL MARKET stakeholder with the determination to ­become European leader in each of its markets. 50% A LOOK BACK OVER A BUSY YEAR Hotel real estate also attracted a lot of OCCUPANCY RATE BN TARGET ACHIEVED 1 YEAR OFFICES IN FRANCE The Office real estate market ­regained ­attention during the year with some THE MAJOR CHALLENGES FOR 2015 GROUP SHARE €1.5 AHEAD OF SCHEDULE 66% AND ITALY some of its strength. Capital flows didn’t ­significant projects, including a number In 2015, Foncière des Régions will OF PROJECTS weaken, but did quite the ­opposite, initiated by Foncière des Régions. ­progress even further towards achieving BN ­confirming the increasing ­appetite of This sector is going through a period its ambitions, and intends to seize on new INCLUDING €2.7 41.3% ­investors for this market. At the same of dynamic change, which is creating opportunities for growth in all its markets: 97.1% time, we saw greater mobility amongst some excellent ­opportunities. We have Offices in France and Italy, the German TOTAL PORTFOLIO % users – especially­ in the last quarter of the continued our partnerships with the ­major Residential market, and Hotels throughout 23.6 A SOUND ECONOMY, HIGH-QUALITY year – a clear signal that companies are ­hotel chains of and Louvre Hotels Europe. We have already committed BN HOUSING AND DYNAMIC LOCATIONS € FIRM RESIDUAL €9.1 looking further forward. For example, Group, ­accelerated our investments ­investments totalling 1 billion for 2015. LEASE TERM Thales, a company we now know well for in Europe with B&B Hotels in Germany, At the same time, we will also deliver nine M GROUP SHARE €532 TOTAL PORTFOLIO being our partner for more than 10 years. and entered into new partnerships with Offices-France projects, all totally tailored We designed its new 46,000 m² campus at NH Hotel Group, Meininger and Motel to user demand. Lastly, we will continue to ALREADY COMMITTED THE BENCHMARK FOR OFFICE REAL ESTATE 2012 2013 2014 2017 2020 Vélizy-Villacoublay that we delivered at the One. dispose of non-core assets as part of AND KEY ACCOUNT PARTNERSHIPS end of 2014. We’re particularly proud of achieving our prime goal, which is to 5.8 YEARS TARGET EUROPEAN HOTELS that success When we look at the eurozone economies, ­improve the quality of our portfolio. So in REPRESENTING it’s important to emphasise the good overall terms, we intend to make further In the wider sense, we now have a health of Germany, which confirms our progress on our past achievements with ­significant Offices development pipeline in decisions to expand in that country, all the determination and professionalism SOUND FINANCIAL FUNDAMENTALS France and Italy. The ambition here is clear: ­especially in the ­Residential real estate for which we are known in all our markets. to design and offer more attractive ­buildings market. Our involvement in the German for users in terms of their ­location, their Residential market ­reflects a strong con- The wider economy shows early signs of EPRA NAV RECURRING NET INCOME LOAN TO VALUE BN real estate quality and their environmental viction that we first acted on in 2005 and improvement for 2015, and the teams 2 €3.2 MILLION M performance. Our real ­estate strategy is the we can rely on our German company of Foncière des Régions intends to take 3.7 TOTAL PORTFOLIO same for both ­countries: it is focused on Immeo AG for the management of the every opportunity to work alongside our €75.5/ €314.5M 46.1% demanding ­standards and built on long- 41,000 housing units we own in profitable partners in writing a new page of EXPANSION IN SUPPORT term partnerships. urban areas such as Berlin and Hamburg. our shared real estate story. SHARE OR €5.03/SHARE OF HOTEL OPERATOR GROWTH