The public offer for the conditional acquisition by the limited company S.A. Banimmo concerning all 152,490 property certificates (coupon no. 10 and following attached) issued by the limited company S.A. Immo-North Plaza at the price of 169 EUR per property certificate is valid from 10 December to 28 December 2007 inclusive.
The acceptance forms will be collected directly or through any other financial intermediary at the counters of ING Belgique.
The offer has been made on condition that at the end of the acceptance period, Banimmo has obtained at least 75% of the total number of property certificates (the initial threshold of 80% has been lowered by Banimmo to 75% as specified in the supplement to the prospectus), a condition which Banimmo could waive.
The prospectus, the response statement drawn up by Immo-North Plaza and the supplement to the prospectus containing the reply of Banimmo to the response statement, approved by the Commissions on banking, finance and insurance respectively 20 November, 4 December and 7 December 2007, can be obtained free of charge at the headquarters of Banimmo (tel.: +32-(0)2 710 53 11, e-mail: info@banimmo.be) and at ING Belgique (French version: + 32 (0)2 464 60 02, Dutch version: + 32 (0)2 464 60 01). These documents can also be consulted or downloaded on the following Internet sites: www.banimmo.be and www.ing.be.
Contact:
Olivier Lechien
Citigate
Tel : +32 2 713 07 23
e-mail : olechien@citigate.be
About Banimmo
Banimmo, active in re-positioning and re-development of real estate, buys buildings with a high re-development potential in order to sell them on after restoration and conversion. From its head office in Brussels, Banimmo is active in Belgium, France and Luxembourg both in the office-, retail- and semi-retail real estate markets and in exhibitions and conference centres.The French branch concentrates on the French market from its office in Paris.
The company has about 30 employees. Up to now, Banimmo has invested in about 25 properties, making for a total portfolio value of more than EUR 280 million. Belgium is the most important market with a market value of more than 70% of the portfolio while France accounts for a bit more than 20% of the portfolio. The portfolio is continually developing thanks to the constant re-positioning and sale of assets. The French group Affine owns 50% of Banimmo in partnership with management, which owns 27%. The public owns the remaining 23%.
About Immo-North Plaza
Immo-North Plaza was founded in 1997 for the acquisition of an office building of 13,630 m² at boulevard Emile Jacqmain 159, Brussels with the aim of issuing real estate certificates.
On 1 October, the company, which is owned by KBC Bank (99%) and KBC-Vastgoedinvesteringen (1%) had issued 152,490 certificates, which registered a trading price of EUR 144.00 on 25 October 2007 (the day before the announcement of the takeover bid).
