Leasinvest Real Estate

report of the annual meeting of 22 May 2018

1. Approvals and discharges

The ordinary general meeting of shareholders of 22 May 2018 has approved the statutory and consolidated financial statements of Leasinvest Real Estate, closed on 31 December 2017, including the appropriation of the result, and the remuneration report with regard to the financial year closed on 31 December 2017, which is a specific part of the annual report.

The ordinary general meeting of shareholders of 22 May 2018 has also given discharge, by separate vote, to the only and appointed statutory manager, Leasinvest Real Estate Management SA, as well as to its permanent representative Mr Jean-Louis Appelmans, for the exercise of the director's mandate, and to the auditor Ernst & Young Bedrijfsrevisoren BCVBA and its responsible representative Joeri Klaykens for exercising his audit mission during the past financial year.

The general meeting also approved the renewal of the mandate of Ernst & Young bedrijfsrevisoren, represented by Mr Joeri Klaykens, and this for a term of 3 years, i.e. till after the annual meeting that will be held in 2021, as well as the remuneration of the auditor for the financial year 2018 (€ 52,000).

Finally, in accordance with article 554 of the Company Code and the provisions in article 2.5 of the Company's Corporate Governance Charter, the general meeting approved the compensation for leaving of 16 months for Mr Michel Van Geyte.

2. Dividend financial year 2017

On proposal of the manager, the ordinary general meeting of shareholders of 22 May 2018 has decided to distribute, on 28 May 2018, a dividend of € 5.00 gross, and net, free of withholding tax of 30%, of € 3.50.

The dividend will be paid upon presentation of coupon no 21 as of 28 May 2018 at the financial institutions Bank Delen (main paying agent), ING Bank, Belfius Bank, BNP Paribas Fortis Bank and Bank Degroof Petercam.

3. Extension of directors' mandates - new directors' mandates statutory manager

The general meeting of shareholders of Leasinvest Real Estate Management SA, the statutory manager of Leasinvest Real Estate, has decided to renew the mandates of Messrs Suykens, Dejonghe, Van Geyte, Van Dyck and of Mrs Rottiers for a term of 4 years, i.e. till the annual meeting of 2022. Moreover, the nomination of Mr Dirk Adriaenssen as non-executive director was approved for a term of 4 years, i.e. till the annual meeting of 2022, just like the co-optation of Mr Nicolas Renders. The director's mandate of Mr Renders was also extended for a term of 4 years, i.e. till the annual meeting of 2022, as representative of shareholder AXA. The nominations of Messrs Adriaenssen and Renders are subject to approval by the FSMA.