ICADE (EPA:ICAD) - PROPOSED APPOINTMENT OF AN INDEPENDENT DIRECTOR FOR THE GENERAL MEETING TO BE HELD ON JUNE 29, 2018

Transparency directive : regulatory news

07/06/2018 18:35

PRESS RELEASE
Issy-les-Moulineaux, June 7, 2018

PROPOSED APPOINTMENT OF AN INDEPENDENT DIRECTOR FOR THE GENERAL MEETING TO BE
                           HELD ON JUNE 29, 2018

On the recommendation of the Appointments and Remuneration Committee, the Board
of Directors, at its meeting held on June 7, 2018, unanimously decided to
propose the appointment of Mr Guillaume Poitrinal as independent director. This
draft resolution will be included on the agenda for the next General Meeting to
be held on June 29, 2018.

Guillaume Poitrinal, who successively served as CEO, Chairman and CEO and
subsequently Chairman of the Management Board of Unibail-Rodamco (2005-2013),
is a founding partner, manager and member of the Board of ICAMAP S.àr.l., an
independent company specialised in managing funds investing in listed and
unlisted real estate in Europe.

ICAMAP Investments S.àr.l. (a company controlled by the ICAMAP Investors
fund(1)), holds a 1.83% stake in Icade.

ICAMAP Investments S.àr.l. stated that it is acting in concert with the funds
GIC Pte Ltd and Future Fund Board of Guardians-these 3 entities having a
4.60%(2) shareholding in Icade.

In the event the General Meeting to be held on June 29, 2018 resolves to
approve this draft resolution, the Board of  Directors would then be composed
of 14 members, including 5 independent directors, hence in line with the
recommendations set out in the AFEP-MEDEF Corporate Governance Code.

This draft resolution and the Board of Directors' additional report will soon
be available on our website:
http://www.icade.fr/en/finance/shareholders-area/general-shareholders-meeting

                                  ABOUT ICADE

                           Building for every future

As an investor and a developer, Icade is an integrated real estate player which
designs innovative real estate products and services adapted to new urban
lifestyles and habits. By placing corporate social responsibility and
innovation at the core of its strategy, Icade is closely involved with
stakeholders and users in the cities-local authorities and communities,
companies and employees, institutions and associations...  As a commercial
and healthcare property investor (portfolio  value of EUR10.8bn as  of
12/31/17 on a proportionate consolidation basis) and as a property developer
(2017 economic revenues of EUR1,209m), Icade has been able to reinvent the real
estate business and foster the emergence of tomorrow's greener, smarter
and more responsible cities. Icade is a significant player in the Greater
Paris area and major French cities. Icade is listed on Euronext Paris as a
French Listed Real Estate Investment Company (SIIC). Its leading shareholder is
the Caisse des dépôts Group.

The text of this press release is available on the Icade website: www.icade.fr

CONTACTS

Guillaume Tessler,
Head of financial communication
and investor relations
+33(0)1 41 57 71 61
guillaume.tessler@icade.fr

Charlotte Pajaud-Blanchard,
Press relations manager
+33(0)1 41 57 71 19

charlotte.pajaud-blanchard@icade.fr

(1) The ICAMAP Investors fund is managed by ICAMAP S.àr.l.
(2) As last notified to the company on June 7, 2018

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ICADE (EPA:ICAD) - PROPOSED APPOINTMENT OF AN INDEPENDENT DIRECTOR FOR THE GENERAL MEETING TO BE HELD ON JUNE 29, 2018

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