La Galerie Espaces Fenouillet : 1 million visitors in less than 2 months

PRESS RELEASE

Paris, January 17, 2017

LA GALERIE ESPACES FENOUILLET: ONE MILLION VISITORS IN LESS THAN TWO MONTHS La Galerie Espaces Fenouillet - complete with its 85,000 sq.m. of retail space, 110 stores, 10 restaurants, 2 retail parks, 8,000 sq.m. Géant Casino hypermarket, eight-screen multiplex cinema, and 3,000 parking spaces - has already welcomed one million visitors since it opened on November 8 last.

This brand new shopping center has been designed to cater to all of the needs of people living in the northern Toulouse area and it has won the public over thanks to:

• its architectural quality,

• wide-ranging, comprehensive commercial offering,

• strategic location, and

• vibrant recreational and leisure areas.

These key competitive advantages should enable La Galerie Espaces Fenouillet to attract over seven million visitors a year through its doors.

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This press release may be consulted at www.mercialys.com

Media Contact Gwenaëlle Allaire

Tel: [phone]

About Mercialys

Mercialys is one of France's leading real estate companies, focused exclusively on retail property. At June 30, 2016, Mercialys had a portfolio of 2,240 leases, representing a rental value of Euro 176.8 million on an annualized basis.

At June 30, 2016, it owned properties with an estimated value of Euro 3.7 billion (including transfer taxes). Mercialys has had "SIIC" real estate investment trust (REIT) tax status since November 1, 2005 and has been listed on Euronext Paris Compartment A (ticker: MERY) since its initial public offering on October 12, 2005. At June 30, 2016, there were 92,049,169 shares outstanding.

IMPORTANT INFORMATION

This press release contains certain forward-looking statements regarding future events, trends, projects or targets.

These forward-looking statements are subject to identified and unidentified risks and uncertainties that could cause actual results to differ materially from the results anticipated in the forward-looking statements. Please refer to the Mercialys shelf registration document available at www.mercialys.com for the year ended December 31, 2015 for more details regarding certain factors, risks and uncertainties that could affect Mercialys' business.

Mercialys makes no undertaking in any form to publish updates or adjustments to these forward-looking statements, nor to report new information, new future events or any other circumstances that might cause these statements to be revised.