Hispania acquires a 90% stake in ONCISA

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1 Press Release Oncisa is part of Grupo ONCE and its foundation Hispania acquires a 90% stake in ONCISA Hispania acquires a 90% stake in ONCISA for an amount of 80.2 million euros by means of the subscription of a capital increase. ONCISA owns 46,416 m 2 of office space, distributed across 8 assets in Madrid and 1 in Malaga, valued at million euros, including debt. This transaction has been made in the context of a wider collaboration agreement, signed between Grupo Azora -Hispania s investment manager- and Fundación ONCE, which sets the basis for collaboration in projects focused on people with disabilities. Madrid, July 8 th, Hispania Activos Inmobiliarios, S.A. (Hispania) has acquired a 90% stake in ONCISA for an amount of 80.2 million euros, by means of the subscription of a capital increase. ONCISA is the real estate company of Grupo de Empresas de la ONCE ( Grupo ONCE ) and its Foundation ( Fundación ONCE ) and owns 46,416 m 2 of office space, distributed in 9 assets, 8 located in Madrid and 1 in Malaga. The implied valuation of the portfolio after the capital increase is million euros, including debt. This transaction has been made in the context of a wider collaboration agreement signed between Grupo Azora - Hispania s investment manager- and Fundación ONCE. This agreement sets the basis for collaboration in projects related to people with disabilities and their inclusion in society and in the corporate world, as well as on improving their accessibility to goods and services. All of the assets within the ONCISA portfolio are of high quality and excellently located: those in Madrid are all in highly consolidated areas, in the surroundings of the M-30 ring road, and the building in Malaga is located next to the historic city centre. In a separate deal, closed last 27 th of May of 2014, Hispania acquired -from a third party- two floors of the Murano building for an acquisition price of 4.4 million euros. The rest of the Murano building already belonged to ONCISA. These two floors have been contributed as part of the capital increase subscribed by Hispania - completing the ownership of 100% of the building- along with a cash contribution of 75.8 million euros, making up the full price of 80.2 million euros for the acquisition of the 90% stake. The success in the completion of this transaction has been significantly influenced by the fact that Grupo Azora, Grupo ONCE and Fundación ONCE share common social interests with a special concern for the promotion of a strong social responsibility across all of their respective company practices.

2 This new deal of Hispania in the office market in Madrid fits perfectly with our investment strategy. The association with Grupo ONCE and its Foundation represents a great opportunity to develop new joint corporate initiatives. The agreement signed with Fundación ONCE is an important step for Azora in terms of corporate social responsibility and we are really committed with the opportunity of collaboration that will derive from this relationship, said Concha Osácar, Board Member of Hispania. On the other hand, the Chairman of Grupo ONCE y its Foundation, Alberto Durán, has shown his satisfaction for the closing of this transaction because it will allow the group to reinforce other areas of corporate activity in which they are already working and which are more conducive to the creation of employment for people with disabilities, which is the identity sign and origin of our companies, he added. Alberto Durán has highlighted that the collaboration with Grupo Azora will extend during the coming years thanks to the collaboration agreement signed between Fundación ONCE and Grupo Azora, which foresees, among other things, the integration of up to 75 people with disabilities. After this transaction, Hispania has already invested a total amount of million euros since it listed on March 14th 2014: million euros in offices, in 11 assets with a total GLA of 64,622 m 2 (46,416 in the ONCISA portfolio and 18,206 in the 2 buildings in Les Glòries, Barcelona), 63.8 million euros in residential in 213 dwellings in Parque Diagonal del Mar, in Barcelona, and 21.5 million euros in hotels in the Hotel Guadalmina in Marbella, Málaga. Leaders in the employment of people with disabilities In 2013 Grupo ONCE, its Foundation and its group of companies created more than 9,200 working positions, 88% for people with disabilities, becoming a worldwide reference in terms of hiring of people with disabilities. Moreover, Grupo ONCE and its Foundation have made work integration of people with disabilities its corporate identity sign. As of the 31 st of December of 2013, it had a headcount of 35,056 employees, out of which 40% are people with disabilities. The Group is present in a variety of industries, including real estate, tourism, services-facility, food, insurance, BPO business, hotel & hospitals services, universal accessibility and accessible new technologies, education and employment, health, automobiles, communications, leisure and industrial laundry, in which they are national leaders. About Hispania Hispania is a Spanish company that became listed on the Spanish Stock Exchange on the 14 th of March of 2014 raising 550 million. Hispania was created with the objective of capturing investment opportunities in the Spanish Real Estate markets and creating a portfolio of high quality assets in the residential, hotel and offices sectors. In accordance with best corporate governance international practices, Hispania s Board of Directors, chaired by Rafael Miranda, has a majority of independent Board Members. Hispania is externally managed by Azora, which has granted it total exclusivity for all of its investment deal flow in Spain, except for student housing.

3 About Azora Grupo Azora (hereinafter Azora ) is a leading Spanish independent asset manager, founded in 2004 and with over 3,000 million of assets under management. Azora manages Hispania through its subsidiary Azora Gestión S.G.I.I.C., S.A., a regulated asset management company under the supervision of the Spanish Stock Exchange regulator (CNMV). Azora s platform is one of the largest in Spain, with a team close to 300 professionals with extensive experience across the Real Estate value chain, including deal origination, structuring and investment, new developments and repositionings, asset and property management as well as disposal of individual assets or portfolios. Azora is specialized in four assets classes: residential, hotels, offices and student housing. Azora currently manages the largest portfolio of residential properties under rental in Spain, comprising approximately 10,500 units. FOR FURTHER INFORMATION: Contact at Hispania: Hispania s Press Room: Noemí Sánchez: Nacho Miquel: Contact at Grupo de Empresas ONCE y su Fundación: Elena Barrena: Hispania s Investor Relations: Ana Roldán: Pablo García-Morales Osorio:

4 edificios de la cartera de Oncisa (8 de 9) se encuentran localizados en zonas secundarias CBD (distrito de negocios) de Madrid (M-30/A-2 y zona Norte) Location of ONCISA s assets in Madrid: C D E A Edificio Pechuán B Edificio Murano C Edificio Avda. Burgos D Oficina c/ Orense E Edificio Comandante Azcárraga F Edificio Mizar G Edificio NCR H Edificio Ramírez de Arellano A G H B F

5 Mízar building in Madrid:

6 Murano building in Madrid:

7 Building in C/ Ramírez de Arellano in Madrid:

8 NCR building in Madrid:

9 Building located in C/ Pechuán in Madrid:

10 Building located in C/ Comandante Azcárraga in Madrid:

11 Building in the centre of Málaga:

12 Building located in Av. de Burgos in Madrid:

13 Building located in C/ Orense in Madrid:

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