Not for release, publication, or distribution outside Belgium. The words written with a capital letter, have the same meaning as defined in the Prospectus.

Regulated information

Press release

Friday January 17th, 2014

Disclosure in accordance with article 14 of the law of 2 May 2007 (Transparency regulation)

Pursuant to the law of 2 May 2007 on the disclosure of major shareholdings and following the introduction of a 5% statutory treshold in the articles of association of Qrf, Qrf announces that it has received a notification on 17 January 2014 from BNP Paribas Investment Partners Belgium NV, with registered offices at 1210 Brussels, Vooruitgangsstraat 55 and the Dembitzer family.
This notification states that the voting rights relating to the Qrf shares that are held directly or indirectly by BNP Paribas Investment Partners Belgium NV as from 17 January 2014 exceed the limit of 5% of the total of the existing voting rights and amount to 6.20%. 6.41% of Qrf shares are held by the Dembitzer family.
The complete notification as well as the shareholder structure may be consulted on the internet site of

Qrf under the heading "Corporate Governance - shareholdings and transparency notifications".

For more information you can reach:

Anneleen Desmyter, CEO of Qrf, tel: +32 3 233 52 46, anneleen.desmyter@qrf.be

Qrf is a Belgian real estate investment company (openbare vastgoedbevak naar Belgisch recht) headquartered in Antwerp, Belgium investing in retail real estate with a focus on inner-city real estate within the so called "golden mile" of regional and big cities in Belgium. As from 18 December 2013 Qrf has a real estate portfolio worth 114.2 million euro generating approximately 7.2 million eur of lease income per year.

Qrf Comm. VA • Antwerpen, België • tel +32 (0)3 233 52 46 •

info@qrf.be www.qrf.be

distributed by