Wereldhave N.V. · EURONEXT:WHA

Wereldhave — Merger or Acquisition (January 2013)

6 slides from Wereldhave's merger presentation, Jan 7, 2013

1. Slide 1: Sale US portfolio

   Sale US portfolio 7 January 2013

2. Slide 2: Sale US portfolio

   Sale US portfolio Price: Above book value Tax: Release deferred tax provision Timing: Q1 2013 Deal type: Sale of assets (not shares in REIT) 2

3. Slide 3: Proceeds

   Proceeds US investment portfolio 720 (in US$ mln) Land parcels (sold separately) 10 730 Selling costs -10 TI, capex & maintenance -14 Net proceeds 706 Book value -685 (Sept 2012) Result on sale 21 3% > BV Release tax provision & other 14 2% > BV Total result on sale in US$ 35 5% > BV Total result on

4. Slide 4: Time schedule US phase-out

   Time schedule US phase-out Closing transaction: Q1 2013 US management org: 3 fte for post-closing obligations & winding down Costs: All post-closing costs included in total result on sale 4

5. Slide 5: Impact on KPI's

   Impact on KPI’s LTV*: from 47% at Sept 2012 to slightly above 30% NAV: + € 1.20 p/s Earnings: Guidance on DIR p/s and dividend in Strategy update on 11 February 2013 * Pro-forma, based on Sept 2012 book values and including sale other non-core assets in Q4 2012 5

6. Slide 6: Investor relations

   Investor relations: Jaap-Jan Fit tel: +31(0)703074543 [email protected] www.wereldhave.com

Wereldhave — Merger or Acquisition (January 2013) on 6ix