UNIBAIL-RODAMCO SE : 2012 Dividend of Unibail-Rodamco SE

           UNIBAIL-RODAMCO SE : 2012 Dividend of Unibail-Rodamco SE

                                              Paris, Amsterdam, April 25, 2013

                                                                 Press release

2012 Dividend of Unibail-Rodamco SE

On April 25, 2013,  the Unibail-Rodamco SE  Combined General Meeting  approved 
the Company's annual  accounts for the  financial year 2012  and approved  the 
distribution of a dividend of €8.40 per share, comprising:

  *€5.27 per share in cash;

  *€3.13 per share paid,  at the option  of shareholders, in  cash or in  new 
    shares of Unibail-Rodamco SE.

The issuance  price  of the  new  shares issued  as  payment of  the  optional 
dividend in shares is  set at €164.61. It  amounts to 93% of  the sum of:  the 
average of the opening prices of
Unibail-Rodamco's shares  during the  20 trading  days preceding  the  General 
Meeting minus the net amount of the  dividend, rounded up to the nearest  euro 
cent.

As announced on March 19, 2013, the calendar is as follows:

  *Record date: 

       *May 2, 2013:  related to  the €3.13 per  share part  of the  dividend 
         (paid in cash or in new shares, at the option of shareholders);

       *May 7, 2013: related to the €5.27 per share part of the dividend paid
         in cash;

  *Ex-dividend date: May 3, 2013;

  *Option period for shareholders:  From May 3, 2013  (inclusive) to May  22, 
    2013 (inclusive);

  *Deadline for  receipt  of  instructions by  CACEIS  Corporate  Trust  from 
    financial intermediaries  regarding the  option mentioned  above: May  27, 
    2013 (12h00 pm C.E.T.);

  *Payment date of the dividend in cash and delivery date of the new  shares: 
    June 3, 2013.

The option for payment  of the dividend  in shares must  be exercised for  the 
total amount of the portion of the  dividend (ie €3.13 per share) eligible  to 
the option. Each shareholder  may send a request  to their account holders  or 
for the owners of registered shares, to CACEIS Corporate Trust, 14, rue Rouget
de Lisle - 92130 Issy-les-Moulineaux, France.

If the option is not exercised before  the deadline of the option period  (May 
22, 2013), the dividend will be paid in cash only.

If the amount  of the  dividend for  which the  option is  exercised does  not 
correspond to a whole number of shares, shareholders will obtain the number of
shares rounded down to the nearest whole number plus the balance in cash.

New shares issued as payment of the eligible portion of the dividend will bear
rights as of January 1, 2013 and will be deemed wholly equivalent to  existing 
shares. They will  be eligible  to the  same rights  and subject  to the  same 
restrictions as existing shares, as described in the Company's By-laws and the
2012 registration  document  and annual  financial  report, available  on  the 
company's website (www.unibail-rodamco.com). The new shares will be listed  on 
NYSE Euronext in Amsterdam and Paris.

A press release  regarding the  adjustment of the  ORNANE (ISIN  FR0011321330) 
Conversion Ratio will be published in the coming days at market close.

Unibail-Rodamco shares are listed and traded on NYSE Euronext in Amsterdam and
Paris.

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 FitchRatings.
For more information, please visit our website: www.unibail-rodamco.com

* Notice:

This press release is published in accordance with Schedule III of Instruction
no. 2005-11 of 13  December 2005 of the  Autorité des marchés financiers  (the 
French Securities Regulator), as amended; it  does not constitute an offer  or 
solicitation for the purchase or subscription of shares.

Neither this press release nor any  other document relating to the payment  of 
the dividend  in  shares may  be  published  outside ofFrance  other  than  in 
accordance with local applicable laws and regulations; they cannot  constitute 
an offer of securities in countries  where such an offer would infringe  local 
applicable legislation.

The option to receive the dividend in shares is not available to  shareholders 
residing in any country in which such an option requires registration with the
local  stock  exchange  authorities,  or  their  authorisation.  Consequently, 
shareholders residing outside of France  must themselves make enquiriesof  any 
local  restrictions  and  comply  therewith.  This  option  is  available   to 
shareholders residing in a  Member State of  the European Union.  Shareholders 
must themselves make enquiriesas to  any conditions governing such an  option, 
and the consequences thereof, in accordance with local legislation.

When making a decision whether  or not to opt for  payment of the dividend  in 
shares, shareholders  should take  intoaccount the  risks associated  with  an 
investment in shares.

                                           2012 Dividend of Unibail-Rodamco SE

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                            Source: UNIBAIL-RODAMCO SE via Thomson Reuters ONE
                                                                   HUG#1696615
 
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