(30/04/2004) Report on the Cofinimmo Ordinary and Extraordinary General Shareholders' Meetings for 2003

1. Ordinary General Meeting 1.1. Approval of the accounts The Ordinary General Shareholders' Meeting of 30.04.2004, chaired by Mr André Dirckx, approved the annual accounts for the year ending 31.12.2003, including the appropriation of the result. 1.2. Distribution of the dividend for the 2003 financial year The Ordinary General Meeting decided to distribute a gross dividend for 2003 of EUR 7.25 per share, up 3.6% on the previous year's figure (EUR 7.00). After deducting 15% withholding taxes, the dividend for 2003 comes to EUR 6.16 per share, compared to EUR 5.95 the previous year. The dividend is payable from 10.05.2004 on submission of coupon No 11 at the banks Degroof, Dexia, Fortis, KBC and ING. 1.3. Statutory appointments The Ordinary General Meeting of 30.04.2004 appointed Mr Xavier de Walque as Director, and Mr Gilbert van Marcke de Lummen as independent Director, each until the conclusion of the Ordinary General Meeting of 2007. It has also extended the terms of office as Director of Mr Eric De Vocht, until the conclusion of the Ordinary General Meeting of 2005, Mr Johannes-Frederik Lisman, until the conclusion of the Ordinary General Meeting of 2007, and Mr Guido Roelandt, until the conclusion of the Ordinary General Meeting of 2006. 2. Extraordinary General Meeting A first Extraordinary General Meeting to consider various amendments to the articles of association was convened on 13.04.2004. The necessary quorum was not present. A new Extraordinary General Meeting, with the same agenda, was convened on 30.04.2004, immediately following the Ordinary General Meeting. This meeting was able to deliberate validly. The Extraordinary General Meeting approved the changes to the articles of association, comprising the creation of a new class of shares and the merger by absorption of Belgian Office Properties with Cofinimmo. This merger took place against the issue of 702,490 Cofinimmo preference shares, with capped preference dividend, and convertible into Cofinimmo ordinary shares. The principal asset of Belgian Office Properties consists of the long-lease receivables for the Belliard I-II property. This building is undergoing renovation and is due to be occupied shortly by the long-term leaseholder (the European Commission, represented by the Committee of the Regions and the Economic and Social Committee). The Extraordinary General Meeting also approved the merger of Benelux Immo Loi with Cofinimmo. The aim is to simplify the organisation of the group and to transfer to the Sicafi tax regime the assets held by this subsidiary. This merger was carried out against the issue of 688,476 new ordinary shares of which 33,670 shares allotted to Cofinimmo Services and 654,806 shares to Leopold Square, both of which direct or indirect wholly-owned Cofinimmo subsidiaries. This merger will not affect the Cofinimmo consolidated balance sheet and income statement as the shares held by the subsidiaries led to pre-consolidation adjustments to the shareholders' funds and results in the consolidated accounts. However, Cofinimmo, via its subsidiaries, may dispose of all or a portion of the 688,476 new ordinary shares to a third party should an investment opportunity arise which meets the strategic and financial criteria of the company. For further information please contact: Laure le Hardy de Beaulieu Investor Relations Officer Tel: +32(2) 373.00.09 llehardy@cofinimmo.be Séverine Van der Schueren Corporate Communication Officer Tel : +32(2) 373.00.04 svanderschueren@cofinimmo.be www.cofinimmo.com (New website on 17.05.2004) (C) CompanynewsGroup