Simplified public exchange offer for Covivio Hotels

You wish to access a web page dedicated to documents and information relating to the contemplated simplified tender offer filed by the company Covivio, pursuant to Articles 231-13, 233-1, 2° and 234-2 of the General Regulations of the Autorité des marchés financiers, on all shares of the company Covivio Hotels (the “Offer”).

The Offer is made exclusively in France. The information and documents relating to the Offer are not to be distributed in countries other than France.

The Offer will not be registered or approved outside of France and no action will be taken to register or approve it abroad. The documents and information relating to the Offer do not constitute an offer to sell or purchase transferable securities or a solicitation of such an offer in any other country in which such an offer or solicitation is illegal or to any person to whom such an offer or solicitation could not be duly made.

The holders of Covivio Hotels shares located outside of France can only participate in the Offer if permitted by the local laws to which they are subject, without Covivio having to carry out additional formalities. Participation in the Offer and the distribution of the information and documents relating to the Offer document may be subject to particular restrictions applicable in accordance with laws in effect outside France. The Offer will not be made to persons subject to such restrictions, whether directly or indirectly, and cannot be accepted in any way in a country in which the Offer would be subject to such restrictions. Accordingly, persons in possession of the information and documents relating to the Offer are required to obtain information on any applicable local restrictions and to comply therewith. Failure to comply with these restrictions could constitute a violation of applicable securities and/or stock market laws and regulations in one of these countries. Covivio will not accept any liability in case of a violation by any person of the local rules and restrictions that are applicable to it.

In the specific case of the United States of America, it is stipulated that the Offer will not be made, directly or indirectly, in the United States of America, or by the use of postal services, or by any other means of communication or instrument (including by fax, telephone or email) concerning trade between States of the United States of America or between other States, or by a stock market or a trading system of the United States of America or to persons having residence in the United States of America or « US persons » (as defined in and in accordance with Regulation S of the US Securities Act of 1933, as amended). No acceptance of the Offer may come from the United States of America. Any acceptance of the Offer that could be assumed as resulting from a violation of these restrictions shall be deemed void.

The subject of the documents relating to the Offer is limited to the Offer and no copy of these documents may be sent, communicated, distributed or submitted directly or indirectly in the United States of America other than in the conditions permitted by the laws and regulations in effect in the United States of America.

Any holder of the shares of Covivio Hotels which will tender its shares into the Offer shall be deemed to represent that (i) it has not received a copy of this offer document or any other document relating to the Offer into the United States of America and it has not sent or otherwise transmitted any such document into the United States of America, (ii) it is not a person having residence in the United States of America and not being a « US person » (as defined in Regulation S of the US Securities Act of 1933, as amended) and that it is not issuing a tender order for the Offer from the United States of America, (iii) it was not located in the United States of America when it has accepted the terms of the Offer or its tender order for the Offer, and (iv) it is acting on a non-discretionary basis for a principal located outside the United States of America that is not giving an order to participate in the Offer from the United States of America. For the purposes of this section, « United States of America » means the United States of America, its territories and possessions, any one of these States, and the District of Columbia.

It is your responsibility to ensure that you comply with all applicable laws and regulations. If you have any doubt as to whether you are in compliance, we recommend that you do not continue to try to access this page of our website.

Consequently, for the reasons set out above, we are required to limit access to this page of our website which is dedicated to the distribution of documents and information relating to Offer.

To access this area, you must agree to confirm that the following statements are accurate: