UNIBAIL-RODAMCO SE : Guillaume POITRINAL to be succeeded by Christophe CUVILLIER as CEO of Unibail-Rodamco

    UNIBAIL-RODAMCO SE : Guillaume POITRINAL to be succeeded by Christophe
                     CUVILLIER as CEO of Unibail-Rodamco

Paris, Amsterdam, 30 January 2013

Press release

Guillaume POITRINAL to be succeeded by Christophe CUVILLIER as CEO of

After eighteen years at Unibail-Rodamco, including eight years as CEO,
Guillaume POITRINAL indicates he has suggested that the Supervisory Board
appoints Christophe CUVILLIER, the company's current Chief Operating Officer,
to succeed him as CEO and Chairman of the Management Board on 25 April 2013,
the date when his mandate terminates.

"The time is right  to hand over the  reins" remarked Guillaume POITRINAL.  "I 
recruited Christophe CUVILLIER  two years ago  with the idea  that someday  he 
would succeed me. His outstanding performance as COO gave me the time to  pave 
the way for his  appointment. The Group  posted very good  results, and it  is 
financially sound with solid growth potential; it seems like the right  moment 
to bring this succession process to a  close. I am leaving the Group  serenely 
and with the feeling of a  job well done. It has  been a great honour to  lead 
Unibail-Rodamco, and I have been very fortunate to do so at such a young  age. 
I thank all at Unibail-Rodamco, the company's public and private partners  and 
to architects who worked with us. Lastly I would like to thank the Supervisory
Board and my colleagues on the  Management Board, for their support and  their 
confidence, without which I would not have been able to succeed."

The Supervisory Board took note of  this statement and paid heartfelt  tribute 
to Guillaume POITRINAL:

"Appointed CEO of  the Group  on 28  April 2005 at  the age  of 37,  Guillaume 
POITRINAL has led Unibail-Rodamco with outstanding results," stated Robert ter
HAAR, the Supervisory Board's  Chairman. "His skilful  management of the  2007 
merger with  Rodamco Europe  has  made Unibail-Rodamco  the market  leader  in 
Europe and number three worldwide, member of both the CAC 40 and AEX  indices. 
During his tenure, and thanks to his vision, considerable energy and  graceful 
leadership, Unibail-Rodamco has grown  fourfold and the  company - which  once 
operated  solely  in  France   -  is  now  a   leader  in  twelve   countries, 
internationally recognised for its  financial and operational  outperformance. 
We are also grateful to  Guillaume POITRINAL for the  way he has prepared  the 
company for his succession. He has  found an excellent successor and leaves  a 
very strong  Management  team.  The  Supervisory  Board  expresses  its  great 
confidence in Christophe CUVILLIER and the Management Board."

Both the Supervisory Board and the Management Board underscored the quality of
the strategic decisions made by Guillaume POITRINAL over the past eight years:

Following the merger of  Unibail and Rodamco  Europe in 2007,  Unibail-Rodamco 
proactively focused  on the  largest shopping  centres throughout  continental 
Europe. A  forward-looking divestment  policy of  smaller assets  allowed  the 
Group to invest  over €9 bn  into the portfolio  and new projects  such as  So 
Ouest in the Paris region, Lyon Confluence, Strasbourg Rivetoile, Docks 76  in 
Rouen, Forum  Nacka  in  Stockholm  and  Badajoz  in  Spain.  Other  strategic 
decisions include the 2010  acquisition of Simon Ivanhoe  Europe and the  2012 
investment in mfi,  Germany's second-largest shopping  centre operator. In  an 
adverse economic  environment,  by developing  a  new approach  to  marketing, 
introducing  new  brands  to  Europe,  encouraging  the  emergence  of  retail 
"start-ups", and  redefining  customer  care  and  service  quality  with  its 
four-star rating system,  Unibail-Rodamco has reinvented  its approach to  the 
shopping centre industry.

Guillaume POITRINAL  also improved  the office  division, selling  off  mature 
assets such  as Coeur  Défense and  reinvesting in  new value-added  projects. 
Finally, he merged  the company's  convention and  exhibition activities  with 
those of the  Paris Chamber  of Commerce  to create  Viparis and  Comexposium, 
European leaders in their field.

As head of Unibail-Rodamco, Guillaume POITRINAL tirelessly devoted himself  to 
creating high-quality teams. He recruited  and promoted talented young  people 
in the twelve countries where the Group is active, set up the  Unibail-Rodamco 
Academy and bolstered employee shareholding.

Under his leadership, the Group also has become a reference point in terms  of 
environmental and architectural quality.  The per-visit energy consumption  of 
the Group's assets fell by 23% between  2006 and 2012, and CO2 emissions  were 
reduced by 55%.  Unibail-Rodamco introduced  the first "green  lease" in  2009 
along with the  concept of  environmental performance for  the retail  sector. 
Unibail-Rodamco is  also  listed on  a  number of  prestigious  SRI  (Socially 
Responsible Investment) indexes, including  the Dow Jones Sustainability,  the 
FTSE4Good (World and Europe) and ASPI (Europe).

Over this period,  Unibail-Rodamco has also  distinguished itself through  its 
partnerships with some  of the world's  great architects. Guillaume  POITRINAL 
leaves Unibail-Rodamco with  a secure  future and an  impressive portfolio  of 
projects and extensions. They include  large-scale projects such as  Aéroville 
at Paris's Charles de Gaulle airport, Polygone Riviera in Cagnes-sur-Mer,  Val 
Tolosa in  Toulouse,  towers in  the  greater Paris  region  and the  Mall  of 
Scandinavia in Stockholm.  Other projects  include the  reconstruction of  the 
Forum des Halles  in Paris and  refurbishments for the  Toison d'Or in  Dijon, 
Rennes Alma, Cerny Most in Prague and Maquinista in Barcelona.

This sustainable, solid  and job-creating  growth has  gone hand-in-hand  with 
outstanding financial success. In eight years,  the share price has gone  from 
€93 to €175 and  €80 in dividends per  share have been distributed,  providing 
investors with an average annual performance of +15.1%, compared to +3.3%  for 
the CAC 40  and +4.5% for  the EPRA,  Europe's public real  estate index.  The 
Group's financial structure improved significantly and its rating rose from A-
to A with stable outlook. Today, the UNIBAIL-RODAMCO has one of the  sturdiest 
balance sheets in the industry, giving it the impetus to carry on an ambitious
program of investments.

The  Supervisory  Board  unanimously  supports  the  proposed  appointment  of 
Christophe CUVILLIER as CEO and Chairman of the Management Board, effective 25
April 2013. The appointment is in  line with the succession plan submitted  by 
Guillaume POITRINAL, which  had been  approved previously  by the  Supervisory 
Board. It typifies the continuity and team spirit that characterizes the  work 
of the Management Board.

Before joining  Unibail-Rodamco  two years  ago  as Chief  Operating  Officer, 
Christophe CUVILLIER held  various positions within  the PPR Group,  including 
Managing Director from to 2000 to 2005 and Chairman and CEO of FNAC from  2008 
to 2010, and CEO of  Conforama from 2005 to 2008.  Prior to the PPR Group,  he 
spent fourteen  years in  the Luxury  Products Division  of L'Oréal,  both  in 
France and abroad, holding during 8 years various senior management positions.
Christophe CUVILLIER  is a  graduate of  HEC. As  Chief Operating  Officer  of 
Unibail-Rodamco, he has put in  place the differentiation process of  shopping 
centres, leading to outstanding operational results.

On the same date, it is also planned that Jean-Marie TRITANT, who is currently
serving as Managing Director, Retail and  Offices France, will be named  Chief 
Operating Officer  and  member of  the  Management Board.  Jean-Marie  TRITANT 
joined Unibail-Rodamco in  1997 as  a project manager,  before becoming  Asset 
Manager, head  of  Asset  Management,  Managing  Director  Retail  France  and 
Managing Director Retail and Offices France. Jean-Marie TRITANT is a  graduate 
of ESC Dijon.

The Supervisory Board  has extended  its congratulations and  best wishes  for 
success to this new team.

For further information, please contact:

Investor Relations
Paul Douay
+33 1 76 77 57 40

Media Relations
Camille Delomez
+33 1 76 77 57 94

About Unibail-Rodamco
Created in  1968, Unibail-Rodamco  SE is  Europe's largest  listed  commercial 
property company,  with a  presence in  12 EU  countries, and  a portfolio  of 
assets valued  at €29.3  billion as  of December  31, 2012.  As an  integrated 
operator, investor and  developer, the Group  aims to cover  the whole of  the 
real estate value creation chain. With the support of its 1,500 professionals,
Unibail-Rodamco applies  those skills  to highly  specialised market  segments 
such as large shopping centres of major European cities, and large offices and
convention & exhibition centres in the Paris region.
The Group distinguishes itself through its focus on the highest architectural,
city  planning  and  environmental  standards.  Its  long  term  approach  and 
sustainable vision focuses on the development or redevelopment of  outstanding 
places to shop, work and relax. Its commitment to environmental, economic  and 
social sustainability has been recognised by inclusion in the DJSI (World  and 
Europe), FTSE4Good and STOXX Global ESG Leaders indexes.
The Group is  a member  of the CAC  40, AEX  25 and EuroSTOXX  50 indices.  It 
benefits from an A rating from Standard & Poor's and Fitch Ratings.

For more information, please visit our website: www.unibail-rodamco.com
Guillaume POITRINAL to be succeeded by Christophe CUVILLIER as CEO


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