Icade : growing results in H1, implementation of the strategic plan stedded up, increased guidance

 Icade signs an exclusive negotiation agreement with ANF and Eurazeo for the acquisition of Eurazeo’s controlling interest in ANF Immobilier1 .

 NCCF per share: €2.12, i.e. +7.1%

 Portfolio value: €9.9 billion2 i.e. +1.6% vs. December 2016

 EPRA triple net asset value per share: €78.6, i.e. +5% vs. December 2016 (excluding the impact of the dividend payment made during the period)

 Commercial Property Investment: EPRA earnings up +7.6% to €98.5 million and financial occupancy rate up +0.9 pp to 92.0%, vs. December 31, 2016.

 Healthcare Property Investment: EPRA earnings up +6.1% to €47.4 million  Property Development: Economic revenue3 stands at €552 million (+37.4%), NCCF at €10.5m (+111.6%), and ROE4 at 9.2%.

 Average cost of debt stands at 1.68% (-50 bps vs. December 31, 2016)

 Development pipeline of the Commercial and Healthcare Property Investment divisions: investments of €1.8 billion, including €1.2 billion already launched as of June 30, 2017.

 Land portfolio of the Property Development division: €2.2 billion of potential revenue (including taxes), i.e. +25.6% vs. June 2016

 2017 outlook: guidance revised upward, increase in NCCF per share of around 7% compared to 2016