HELD SHAREHOLDERS’ MEETING

May 31 2013

- ENRICO CERVONE APPOINTED AS NEW BOARD MEMBER

- STRENGTHENED CORPORATE GOVERNANCE WITH A BOARD OF DIRECTORS COMPOSED WITH A MAJORITY OF INDEPENDENT DIRECTORS

OLINDA FONDO SHOPS SELLS IN BERGAMO SHOPPING MALL FOR APPROX. € 8 MLN

Milan, 30 May 2013 – The Ordinary Shareholders’ Meeting of Prelios Società di Gestione del Risparmio S.p.A., held on today’s date, appointed Enrico Cervone as new independent director.

With the appointment of Cervone the Board of Directors of Prelios SGR is now completed and composed of seven members the majority of whom are independent Directors.

The corporate governance is consequently further strengthened following to the recent appointments of the Chairman Alberto Rossetti, of the CEO Paolo Scordino, and the establishment of four Board committees composed with a majority of independent directors, namely SGR Risk and Internal Control, Business Monitoring and Funds Risks, Strategy and Product Development, Remuneration and Appointments.

Enrico Cervone grew professionally at Bank of Italy from 1963 to 2001 up to the position of Central Co-Director with responsibilities in the Central Bank area. He was first appointed Deputy Chairman and then Chairman of Montetitoli S.p.A., and from 1993 to 2001 he was member of the Board of Directors and of the Executive Committee of Enciclopedia Italiana Treccani. From 2001 to 2006 he was Consob committee member, before being elected in the Board of Directors of Borsa Italiana S.p.A. and then in the Board of Directors of Cassa di Compensazione Garanzia S.p.A. (London Stock Exchange). Cervone was also awarded the title of Commander of the Order of Merit of the Italian Republic.

The curriculum vitae of Enrico Cervone is available on the Company webiste at www.preliossgr.com.

Prelios SGR informs also that Olinda Fondo Shops, closed-ended seeded real estate investment fund, listed on Borsa Italiana’a MIV market (Investment Vehicles Telematic Market), completed, on today’s date, the sale of a shopping mall located in Bergamo. A Fonciere LFPI Group company, backed by Banque Lazard, purchased it for an overall price of euro 7.85 million.
The property extends over a gross surface of approximately 2,000 sq m and is completely leased out to date, resulting in a comprehensive total annual income of approximately euro 0.62 million.

All information regarding the origin of Olinda Fondo Shops properties is made available in the Prospectus included in the 2004 Public Offering and Unit Listing accessible on www.preliossgr.com and www.fondo-olinda.com websites. The documentation regarding the transaction will be available at Prelios SGR headquarters, at the depositary bank State Street Bank and on the www.preliossgr.com and www.fondo-olinda.com websites pursuant to article 17 of the Olinda Fund By-Laws.

Prelios SGR is one of the leading real estate fund management companies in Italy. Its assets under management reach a value of about 4.3 billion euro (at 31 December 2012), with currently over 20 funds. Approximately 35% of funds investors are financial institutions and investment funds, nearly 25% are corporate clients and the residual part includes foundations and pension funds, insurance companies, public entities and retail unit holders. Prelios SGR manages about 1,250 properties, primarily located in Milan and in the province of Milan (23%), in Rome and in the province of Rome (22%) and in Turin (10%). The asset classes most representative of the properties under management are offices (41%), telephone exchanges (25%), retail & entertainment (18%), industrial and logistics (6%) and residential (about 5%) properties.