Société de la Tour Eiffel : Société de la Tour Eiffel : Subscription to a contingent equity line

  Société de la Tour Eiffel : Société de la Tour Eiffel : Subscription to a
                            contingent equity line

Société de la Tour Eiffel  is taking out a  three year contingent equity  line 
with Kepler  Capital  Markets («Kepler»)  backed  by the  issue  of  warrants 
exercisable by tranches at the company's discretion.

The contingent equity  line may provide  a source of  supplementary equity  to 
carry out the company's investment  plans relative to the existing  portfolio, 
in particular its  Massy development, whilst  improving its capital  structure 
and minimizing potential dilution for  its shareholders. There is no  drawdown 
obligation and  the  facility will  only  be  called upon  if  capital  market 
conditions imply  that  it  is  in  the  company  and  its  shareholders  best 

The warrants  that are  subscribed by  Kepler  can only  be exercised  at  the 
request of  Société  de la  Tour  Eiffel within  three  years and  in  maximum 
tranches of 75 000 new  shares. The total amount of  new shares that could  be 
issued over the three years period will  not exceed 600 000, i.e. 9.8% of  the 
current total number. For  each tranche, the issuance  price will depend  upon 
the prevailing share price discounted by  no more than 4%. This discount  will 
enable Kepler,  who is  a  financial intermediary  and  has not  intention  of 
remaining a  shareholder  of  the  company,  to  underwrite  the  subscription 
regardless of possible market volatility.

A shareholder who owns 1% of the share capital would see his ownership reduced
down to 0.91% in case the entire line is drawn upon.

 Agendaè20 March 2013 (post market close): 2012
annual results and new strategy

About Société de la Tour Eiffel
A «SIIC»  quoted on  the  Euronext Paris  Exchange,  the company  pursues  a 
strategy focused on the  ownership and the development  of quality office  and 
business space  capable  of  attracting  a  wide  range  of  tenants  in  both 
established and emerging locations. The  company's portfolio stands above  900 
million Euros  of  assets  spread  evenly  between  the  Paris  area  and  the 
Société de la Tour Eiffel is listed  on NYSE Euronext Paris (compartment B)  - 
ISIN code: 0000036816 - Reuters: TEIF.PA - Bloomberg EIFF.FP. Member of  IEIF 
Foncières and IEIF Immobilier France indices

Press contact                                Communication
Jean-Philippe MOCCI                                                           Renaud HABERKORN
Capmot                                                                 Chief Executive Officer
Tel :+33 (0)1 71 16 19 13/+33 (0)6 71 91 18                        Tel: +33 (0)1 53 43 07 06
                                    Contact Kepler
                                Thierry du BOISLOUVEAU
                              Tél: +33 (0)1 53 65 36 85

Société de la Tour Eiffel - Contingent equity line


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Source: Société de la Tour Eiffel via Thomson Reuters ONE
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