PRESS RELEASE

Paris, 11 April 2016

The Caisse des Dépôts and Foncière des Régions sign a partnership to launch Foncière Développement Tourisme

The Caisse des Dépôts and Foncière des Régions, via its subsidiary, Foncière des Murs, signed an agreement on 6 April to launch Foncière Développement Tourisme during the 2nd quarter 2016.

Foncière Développement Tourisme aims to increase tourist accommodation capacity in , investing in hotel walls, tourist residences and holiday centres. It will work on major development operations and renovation projects in tourist areas (on the coast and in the mountains) in continental France.

With initial capital of €100M shared equally between Caisse des Dépôts and Foncière des Régions, Foncière Développement Tourisme will open up the capital to other investors, with the aim of rising €500M. This will enable it to carry out €1Bn of investments over the long term. This project will help: - Mobilise institutional investors - Roll out new financing capacity to support the development and upgrade of tourist accommodation - Make France an even more attractive and competitive destination.

The launch of the new Foncière is part of the France Développement Tourisme (Tourist Development) platform announced by the Caisse des Dépôts on 8 October 2015. Foncière Développement Tourisme will be able to rely on its two main shareholders. Through its position as market leader and its 360° expertise, Foncière des Régions will carry out the asset management for the operations, whilst the Caisse des Dépôts Group will be responsible for the Foncière's administrative management.

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Contacts

Press Relations Investor Relations Géraldine Lemoine Paul Arkwright Tel : + 33 (0)1 58 97 51 00 Tel : + 33 (0)1 58 97 51 85 [email protected] [email protected]

Foncière des Régions, co-créateur d’histoires immobilières

As a key player in real estate, Foncière des Régions has built its growth and its portfolio on the key and characteristic value of partnership. With a total portfolio valued at €18Bn (€11Bn in group share), located in the high-growth markets of France, Germany and Italy, Foncière des Régions is now the recognised partner of companies and territories which it supports with its two-fold real estate strategy: adding value to existing urban property and designing buildings for the future.

Foncière des Régions mainly works alongside Key Accounts (Orange, Environnement, EDF, Dassault Systèmes, Thales, , etc) in the Offices market as well as being a pioneering and astute operator in the two other profitable sectors of the Residential market in Germany and Hotels in Europe.

Foncière des Régions shares are listed in the A compartment (FR0000064578 - FDR), are admitted to trading on the SRD, and are included in the composition of the MSCI, SBF 120, Euronext IEIF “SIIC France” and CAC Mid100 indices, in the “EPRA” and “GPR 250” benchmark European real estate indices, and in the FTSE4 Good, DJSI World and Euronext Vigeo (World 120, Eurozone 120, Europe 120 et France 20) ethical indices. Foncière des Régions is rated BBB/Stable by Standard and Poor’s. www.en.foncieredesregions.fr Follow us on Twitter @fonciereregions

Caisse des Dépôts Group Press contact:

Groupe Caisse des Dépôts Service presse : +33 1 58 50 40 00 56 rue de Lille 75007 Paris @CaissedesDepots

About the Caisse des Dépôts Group Caisse des Dépôts and its subsidiaries are a state-owned group, a long-term investor dedicated to serving the public interest and regional economic development. Its vocation was reaffirmed by the law on modernisation of the economy of 4 august 2008. Widely recognised for its expertise in managing its areas of competence, the group focuses its efforts on four major areas of transition strategically vital to France's long-term development: territorial, ecology and energy, digital and demographic. http://www.caissedesdepots.fr

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