In brief

Cresida Investment Sàrl ("Cresida"), a wholly owned affiliate of The Eastbridge Group ("Eastbridge"), has acquired a 25% shareholding stake in the Belgian listed real estate company, IMMOBEL SA ("IMMOBEL"), through the purchase of 1,030,484 shares from JER Europe Fund III Holdings Sàrl ("JER"). The acquisition will be completed on September 7, 2010. 

The agreement between Cresida and JER also provides for a call option to the benefit of Cresida (exercisable between October 1, 2013 and October 31, 2013) and a put option to the benefit of JER (exercisable between September 1, 2013 and September 30, 2013) with respect to 199,914 further shares (representing 4.85% of the share capital of IMMOBEL).

Eastbridge has, for the time being, not the intention to acquire shares in excess of 30% of IMMOBEL.