TERREIS : Success of the capital increase



Antony, 10 February 2011

Success of the capital increase :

order book closed early

The capital increase launched 29 January was met by investors with resounding success: as of today, demand for securities has exceeded several times the amount made available by Ovalto Investissement. Under these conditions, we have decided to close early the order book held at Crédit Agricole CIB, the operation's lead underwriter.

Final results of the issuance are expected this coming 15 February, once we know the number of unexercised warrants held by the current TERREÏS shareholders. The settlement/delivery of the new securities will take place on 18 February, with a first listing on the same day under ISIN code FR0010989871. These securities will be merged with the old ones the day following the final 2010 ex-dividend date, which is planned for May 2011.

Commenting on these preliminary capital increase results, Jacky Lorenzetti, Chairman of TERREÏS Board of Directors, stated: "We are delighted by the marked interest shown by investors for our group, both in France and abroad. The strong demand on their part shows how confident they are in TERREÏS' growth model. With increased financial means, our real estate company is in line to achieve our goal of 1 billion Euros in assets, mainly made up of high-quality commercial downtown properties. Moreover, this operation will establish TERREÏS' stock-market status with its larger float and the corresponding increase in liquidity."

Next periodic publication: Annual results on 23 March 2011

Contact: Emmanuel Pineau, Deputy Managing Director, Ovalto Investissement

Tel.: 01 82 00 95 01     

About TERREÏS (www.terreis.fr)

TERREÏS is a property company with a portfolio of small and medium-sized offices and commercial premises, mainly in central locations in Paris and major cities throughout France. TERREÏS has been listed in Compartment C of the NYSE Euronext market in Paris since December 2006, and adopted listed property company status (régime des sociétés d'investissement immobilier cotées, or SIIC) from 1 January 2007. The stock was added to the SBF 250 Index in September 2010.

ISIN code: FR0010407049 - Stock symbol: TER

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