Leasinvest Real Estate : INTERIM STATEMENT Q3 2018

Interim statement of the manager on 30 September 2018

• EPRA earnings*1Q3 2018 amount to€ 25.1 million, a rise by 14% compared toQ3 2017

• The net result reaches€ 27.2 million(€ 5.51 per share) versus € 29.7 million endQ3 2017

• Capital increase of€ 83,960,790 successfully completed, resulting in a substantialdecrease of approximately 7 percent points of the debt ratio

• The funding cost decreases from 2.99% end 2017 to 2.69% in Q3 2018

• Besides the promising acquisition of the building Montoyer 14 to redevelop, successful delivery of the building Montoyer 63 in the European headquarters(CBD) of Brussels

1Alternative Performance Measures (APM) in the meaning of the ESMA directive of 5 October 2015 in this press release are indicated with an asterisk (*) and are further explained in the annexes to this press release.

1. Activity report Q3 2018

Investments

Belgium

ACQUISITION OFFICE BUILDING MONTOYER 14 IN CBD OF BRUSSELS

On 14 September 2018, Leasinvest Real Estate signed a binding agreement with the fund NextEstate Income Fund ("NEIF"), managed by BNP Paribas REIM Luxembourg, relating to theacquisition of 100% of the shares of the company NEIF Montoyer SPRL, holding a leasehold with a remaining duration of 94 years on the office building Montoyer 14, situated at the angle of therue Montoyer and rue de l'Industrie in BE-1000 Brussels. This transaction represents aninvestment of € 11.35 million, in line with the value estimated by the independent real estate expert. The Closing of this transaction took place on15 October 2018.

After the departure of the current tenant (the United Nations) at the beginning of 2019, Montoyer 14 will be entirely redeveloped into an office building that should become the reference in newest technologies and sustainability. The project management is exercised by promoter Ion.

The new building is expected to comprise approximately 4,000 m2of state-of-the-art office space and to be delivered at the beginning of 2022.

For Leasinvest Real Estate, this is the third office project in the European district in Brussels in two years of time - after Treesquare (Square de Meeûs), let for 69%, and Montoyer 63 (rue Montoyer), for which a 21-year leasehold was concluded with the European Parliament (see below). This acquisitionconfirms Leasinvest Real

Estate's strategy to further develop its current offices portfolio with high-quality projects at top locations.

Developments

Belgium

OFFICE BUILDING MONTOYER 63 IN CBD OF BRUSSELS-PROVISIONAL ACCEPTANCE

The Montoyer 63 office building was provisionally accepted end September 2018 by the European Parliament. The provisional acceptance represents the start of the 21-years usufruct period.

This building was constructed tailor-made according to the specifications of the European Parliament to realize a training center at walking distance of the Parliament.

The European Parliament currently conducts fitting out works in order to have the building operational in the spring of 2019.

Grand Duchy of Luxembourg

SHOPPING CENTER POMMERLOCH

For the shopping center Pommerloch located in the North of the Grand Duchy of Luxembourg, nearby the Belgian border, the works for the new parking (Bastogne entrance) will start on 7 January 2019.

Furthermore, some extensions are built for current tenants (total of 240 m²), that will be finalized mid-December 2018.

SHOPPING CENTER SCHMIEDE

As already mentioned in the half-year financial report 2018, the revamping and renovation of the Knauf shopping center Schmiede started in September. The renovation of the entrances to the parking progress as scheduled and will be finalized mid-December 2018.

The profound renovation works will subsequently start in the course of the first quarter of 2019, including an extension of 8,000 m² in order to offer more catering opportunities, shops and space for events. In the meanwhile, the urban permit for these renovation works has been granted.

Leases

Evolution of occupancy rate

The occupancy rate has slightly increased from 94.44% on 30 June 2018 to 94.86% on 30 September 2018.

Leases

BELGIUM

For the Riverside Business Park in Anderlecht, a couple of important new rental contracts were concluded. Hence, the occupancy rate of this park increased more than 5% compared to the situation on 30 June 2018.

The Crescent business center with co-working space De Mot in Malines remains a success story. The occupancy rate increased again in the course of Q3 2018 and progresses from 86.4% on 30/06/2018 to 87.22% following the conclusion of new services agreements. A nearly full occupancy is expected in Q4 2018, as at present a number of contract negotiations are ongoing.

The new-built project Treesquare in the CBD of Brussels, delivered earlier this year, is 69% leased on 30 September 2018. Advanced negotiations with a number of potential tenants are ongoing, which could result in the occupancy exceeding 90% by year-end 2018.

For Tour & Taxis Royal Depot, the occupancy rate remains at a high level, thanks to a number of renegotiations and extensions that have been concluded.

GRAND DUCHY OF LUXEMBOURG

For the building located Rue Guillaume J. Kroll in theCloche d'Ordistrict, which current tenant is leaving the building end December 2018, a new rental contract was concluded with Mazars Luxembourg SA for a fixed 9-year term, starting on 1 May 2019. This rental contract relates to 2,200 m2of office space and 69 parking spaces, and also comprises an option to rent the remaining office space (approximately 1,400 m²). After the departure of the current tenant, renovation works to the façade and the restaurant are scheduled, besides the refurbishment of the outdoor space.

Shopping center Pommerloch in the North of Luxembourg is still very appreciated by national and international retailers, with the opening of four new stores (Cecil, Post shop, Okaïdi, Tendances). The shopping center keeps on attracting new brands and its occupancy rate remains high.