The Container Store Chairman and CEO Kip Tindell elected Chairman of the NRF Board of Directors and Chairman of its Executive Committee

The Container Store Chairman and CEO Kip Tindell Elected Chairman of NRF Board of Directors

NEW YORK, 2015-1-12 — /EPR Retail News/ — The National Retail Federation today announced that The Container Store Chairman and Chief Executive Officer Kip Tindell has been elected Chairman of the NRF Board of Directors and Chairman of its Executive Committee. Tindell succeeds NRF’s immediate past Chairman, Stephen I. Sadove, chairman and chief executive officer of Saks, Inc. (retired). Tindell was elected at the Board of Directors meeting held Sunday during NRF’s 104th Annual Convention and EXPO, Retail’s BIG Show.

Mindy Grossman was elected vice chairman of the board. Tindell and Grossman will join NRF President and CEO Matthew Shay to comprise NRF’s leadership team. Each board officer will serve a two-year term.

“NRF, its staff and the industry at large will benefit greatly from Kip’s dedication, professionalism and leadership over the next two years as we already have for the time he’s been a part of NRF’s Board of Directors,” NRF President and CEO Matthew Shay said. “We are honored to welcome our new chairman and our newly – and re-elected board members as we continue to work with Capitol Hill on policies that directly impact one of the biggest industries in the world, while simultaneously learning more about the constantly-changing retail landscape.”

Newly elected board members:

  • Marla Beck, co-founder and chief executive officer, Bluemercury Inc.
  • Pauline Brown, chairman, LVMH Moet Hennessy Louis Vuitton Inc.
  • Gunther Bright, executive vice president, American Express, Merchant Services – U.S.
  • Rick J. Caruso, chief executive officer, Caruso Affiliated
  • Curtis Picard, executive director, Retail Association of Maine

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. NRF.com

Kathy Grannis
(202) 783-7971
press@nrf.com
(855) NRF-Press

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The Container Store Chairman and CEO Kip Tindell elected Chairman of the NRF Board of Directors and Chairman of its Executive Committee

The Container Store Chairman and CEO Kip Tindell elected Chairman of the NRF Board of Directors and Chairman of its Executive Committee

Albert Heijn expands its organic range with the launch of new own brand with new, fresh packaging

Zaandam, the Netherlands, 2015-1-12 — /EPR Retail News/ — Starting today, Albert Heijn is making it easier for more customers to choose organic products by launching AH Biologisch (AH Organic): a new own brand with new, fresh packaging. In addition, they are considerably expanding and highlighting their organic range. The newly branded products will start to make their way onto store shelves this week.

Recent research* shows that more and more Dutch are choosing organic products. Almost three-quarters of Dutch households buy organic, and indicate that they will choose organic even more often in the future. Organic is more than a label for them — it is a healthy way of living and eating that they can feel good about.

In 1998, Albert Heijn was the first supermarket in the Netherlands to introduce organic products to more customers through an organic own brand. Thanks to the course that began seventeen years ago, today Albert Heijn sells the most sustainable products of all mainstream supermarkets in the Netherlands.** This course continues with the introduction of the new brand AH Biologisch and the expansion of the company’s organic range, which will continue further in the course of 2015.

More attention to organic

One in three households indicated they want to choose organic products.* Placing more attention on these products and having more clearly recognizable packaging helps them to do this. The new AH Biologisch packaging and green shelf cards will make organic products easier to find in the store. The products will also get more attention in the AH Allerhande magazine and Albert Heijn’s Bonus Folder. With the focus on AH Biologisch, Albert Heijn says goodbye to the AH puur&eerlijk (AH pure & honest) brand. Naturally, the current wide range of fairtrade, ecological and free-range products and sustainable fish will remain available at Albert Heijn, and can be identified by the independent label on the packaging of its own-brand products.

Read more about AH Biologisch on AH.nl. (in Dutch only)

*Research TNS NIPO December 2014
**Research: Consumentenbond “Superverantwoord” October 2014

Ahold: the appeal period in the “Waterbury litigation” case expired and the settlement is now final

Zaandam, the Netherlands, 2015-1-12 — /EPR Retail News/ — Ahold today announced that the appeal period regarding the court approval of the settlement of the class action in the United States, which it has referred to in its annual reports as the “Waterbury litigation”, has expired and the settlement is now final. Ahold previously announced on May 21, 2014 that it had reached the settlement which was subject to the approval of the United States District Court for the District of Connecticut.

The settlement was approved by the United States District Court for the District of Connecticut in December 2014 and the settlement amount of $297 million has been paid from Ahold’s existing provision. Accordingly, the Waterbury settlement has now become final, and the potential liability for Ahold in this class action has been resolved.

Cautionary notice

This press release includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those included in such statements. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ahold’s ability to control or estimate precisely, such as discussed in Ahold’s public filings and other disclosures. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Koninklijke Ahold N.V. does not assume any obligation to update any public information or forward-looking statements in this release to reflect subsequent events or circumstances, except as may be required by law. Outside the Netherlands, Koninklijke Ahold N.V., being its registered name, presents itself under the name of “Royal Ahold” or simply “Ahold”.

Jan Ernst de Groot appointed Chief Legal Officer and member of the Ahold’s Executive Committee

Zaandam, the Netherlands, 2015-1-12 — /EPR Retail News/ — Ahold today announced the appointment of Jan Ernst de Groot as Chief Legal Officer and member of the company’s Executive Committee. Jan Ernst will start on February 1, reporting to CEO Dick Boer, and will be based at Ahold’s headquarters in Zaandam, the Netherlands.

Jan Ernst de Groot will be responsible for Ahold’s legal affairs, governance and compliance, and he will also head up responsible retailing and product integrity.

Dick Boer, Ahold CEO, said: “I am excited that Jan Ernst is joining our company as Chief Legal Officer. He brings highly relevant global commercial experience as a general counsel. In addition, Jan Ernst has strong business and sustainability acumen, and is an experienced board room advisor. He will provide key insights as we continue to execute our Reshaping Retail strategy.”

Jan Ernst de Groot, (Dutch, 51) joins Ahold from TNT Express, the international courier delivery services company, where he was General Counsel and Managing Director External Affairs & Corporate Responsibility. Prior to TNT Express, he worked at KLM Royal Dutch Airlines in a wide range of business and legal roles, most recently as Managing Director and member of the Board of Management. He was also responsible for the development and implementation of KLM’s sustainability strategy. Jan Ernst started his career at Dutch law firm De Brauw Blackstone Westbroek.

Following the announcement of October 14, 2014, Lodewijk Hijmans van den Bergh will be stepping down as member of the Board of Management as of March 1, 2015.

Cautionary notice

This press release includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those included in such statements. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ahold’s ability to control or estimate precisely, such as discussed in Ahold’s public filings and other disclosures. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Koninklijke Ahold N.V. does not assume any obligation to update any public information or forward-looking statements in this release to reflect subsequent events or circumstances, except as may be required by law. Outside the Netherlands, Koninklijke Ahold N.V., being its registered name, presents itself under the name of “Royal Ahold” or simply “Ahold”.

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Jan Ernst de Groot

Jan Ernst de Groot

Toys“R”Us, Inc. reported an increase in gross margin dollars for the year-to-date and holiday periods compared to the prior year as a result of the its improved promotional and pricing strategy

WAYNE, NJ, 2015-1-12 — /EPR Retail News/ — Toys“R”Us, Inc. today reported its comparable store net sales and gross margin results for the year-to-date and nine-week holiday periods ended January 3, 2015.

Antonio Urcelay, Chairman of the Board of Directors and Chief Executive Officer, Toys“R”Us, Inc., said, “I am pleased with our year-to-date performance and the actions we have taken to strengthen and transform the Company.  These results reflect the successful execution of our strategic plan to rationalize promotions, slow sales decline, and improve margin for fiscal 2014.  I am proud of the team’s hard work and high level of focus on our key initiatives so far this year and throughout the competitive holiday season.”

Consolidated

Year-to-date comparable store net sales decreased 0.3%.  For the holiday period, comparable store net sales decreased 2.7%.  However, gross margin increased as a percentage of net sales, particularly in the U.S. business, resulting in an increase in gross margin dollars for the year-to-date and holiday periods compared to the prior year as a result of the Company’s improved promotional and pricing strategy.  These figures exclude the impact of foreign currency translation.

Domestic

For the year-to-date period, the Company’s strategy to implement more disciplined promotions and more rational pricing resulted in a 1.3% decrease in comparable store net sales and an estimated 100 basis point gross margin rate improvement leading to an increase in gross margin dollars.  Comparable store net sales for the holiday period decreased 5.0% and gross margin as a percentage of net sales compared to prior year increased by over 200 basis points, resulting in an increase in gross margin dollars.

International

For the year-to-date and holiday periods, comparable store net sales increased 1.3% and 1.2%, respectively.  Gross margin as a percentage of net sales remained relatively consistent compared to prior year for each of the respective periods.

The year-to-date period refers to February 2, 2014 to January 3, 2015, as compared to February 3, 2013 to January 4, 2014 in the prior year.  The holiday period refers to the nine-week period from November 2, 2014 to January 3, 2015, as compared to November 3, 2013 to January 4, 2014 in the prior year.

About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands.  Merchandise is sold in 893 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 735 international stores and over 210 licensed stores in 36 countries and jurisdictions.  In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys in the brand’s flagship store on Fifth Avenue in New York City.  With its strong portfolio of e-commerce sites includingToysrus.com, Babiesrus.com, eToys.com and FAO.com, it provides shoppers with a broad online selection of distinctive toy and baby products.  Headquartered in Wayne, NJ, Toys“R”Us, Inc. employs approximately 70,000 associates annually worldwide.  The Company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need.  Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com.

# # #

For more information please contact:

Lenders and Note Investors:

Chetan Bhandari, Senior Vice President, Corporate Finance & Treasurer at 973-617-5841 orChetan.Bhandari@toysrus.com

Media:

Kathleen Waugh, Vice President, Corporate Communications at 973-617-5888, 646-366-8823 or waughk@toysrus.com

The meal planning team at Wegmans Food Markets created a six-week guide full of delicious meal and snack ideas

ROCHESTER, NY,  2015-1-12 — /EPR Retail News/ — Who hasn’t discovered that New Year’s resolutions are easier to make than to keep? We want to do better, but need practice, practice, practice before better habits take root. To help inspire customers in the New Year, the meal planning team at Wegmans Food Markets created a six-week guide full of delicious meal and snack ideas. They save time, money, and can even cut food waste. Keeping resolutions may be a bit easier by incorporating some of the meal guide ideas.

The meal guide is introduced in the winter edition of Wegmans Menu Magazine with a preview of the first week. The meal guide booklet is available in stores at stations in the Produce and Seafood Departments, and online at wegmans.com/mealguide. On the website, customers can also view the recipes and add products to a shopping list.

The meal guide comes from a team at Wegmans that includes culinary experts and Nutritionist Kirby Branciforte, RD. “I know from my own weight-loss experience what it takes to steer eating behaviors toward smarter choices,” she says. “I have a passion for helping others meet their health goals and then stay on track. The meal guide we created is a good place to start, whether you want a little help with meals or a lot. Some people may follow the guide closely, while others will draw occasional inspiration from it.”

Each day, the guide has suggestions for breakfast, lunch and dinner, and three snacks. Here are two sample days from Week 1:

Day 4
Breakfast: Wegmans Strawberry Greek Yogurt Parfait
Snack: Banana boat
Lunch: Kale Salad with Thai Peanut Sauce and two Wegmans Organic Mini Whole Wheat Pita Pockets
Snack: Celery, Carrots, and Hummus
Dinner: Teriyaki Beef with Gai Lan and organic steamable brown rice
Snack: Organic Greek Yogurt Bark

Day 6
Breakfast: Hardboiled eggs; apple
Snack: Organic Greek Yogurt, topped with Wegmans Organic Granola
Lunch: Wegmans Organic Tomato Bisque; Wegmans Organic Multigrain Roll
Snack: Wegmans Food You Feel Good About Wholesum Bar (coming soon!)
Dinner: Scallops, Peas & Angel Hair Pasta Arabbiata
Snack: Wegmans Organic Fruit & Nut Trail Mix

Over a week’s time, there’s a mix of prepared foods such as soups, pasta dishes or sushi. There are grab-and-go foods like the Fresh Cut Snacks from the Produce Department, and some recipe-based meals to make fresh at home – with recipes at wegmans.com.

Healthy shouldn’t be hard
That’s what the team believed, so they cut prep time by using convenient forms of good-for-you foods, like cleaned-and-cut fresh vegetables, steamable brown rice, or frozen, microwaveable steel-cut oats. “We know most customers – even those who love to cook – don’t have much time for meal preparation. We wanted to be sure this guide contained suggestions that are easy to live with,” says Branciforte. “We kept asking ourselves, ‘Is this a realistic plan to follow?’ If we weren’t sure, we changed things for more simplicity.”

Affordability was also on the team’s mind, so they included many foods that come in Family Pack sizes for exceptional value, and they took advantage of leftovers: The Turkey Sage Meatloaf the family has for dinner one night can reappear in a lunchtime sandwich the next day. Or, the Cashew Chili for dinner tonight will be great for lunch the next day.

“Leftovers save you time and money, and also reduce food waste,” says Branciforte. The meal guide reflects principles of healthy eating based on the Mediterranean Diet, the 2010 Dietary Guidelines for Americans, and Wegmans’ own Eat Well, Live Well principles:

Daily:

  • Five or more cups of fruits and veggies
  • Three servings of low-fat dairy
  • Three or more servings of whole grains
  • A handful of nuts/seeds
  • One or two glasses of wine, if you wish

Weekly:

  • Two or more servings of seafood
  • Two or more servings of beans
  • Two or fewer servings of red or processed meats

While the meal guide isn’t designed as a weight-loss plan, it does provide tools for adopting a healthy pattern of eating with room for indulgence. “The guide has a space each week for jotting down something you want to focus on,” says Branciforte. “Perhaps it will be something you hadn’t tried before. However, if people use the guide and this space for writing down intentions, it can bring more accountability to their efforts.”

Combine the Meal Guide with a brisk, 30-minute walk most days of the week, and your 2015 will be off to a healthy start.

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Wegmans Food Markets, Inc. is an 85-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts. The family-owned company, founded in 1916, is recognized as an industry leader and innovator. Wegmans has been named one of the ‘100 Best Companies to Work For’ by FORTUNE magazine for 17 consecutive years.  In 2014, Wegmans ranked #12 on the list.

Contact Information:  Jo Natale, Wegmans’ director of media relations, 585-429-3627

Morrisons to become the new title sponsor of the UK’s biggest mass participation running series – Great Run

Morrisons has today announced that it is to become the new title sponsor of the UK’s biggest mass participation running series – Great Run– which includes one of the world’s most iconic road running events, the Great North Run.

Bradford, England, 2015-1-12 — /EPR Retail News/ — The sponsorship will initially run for four years and commences with the Great Winter Run and International Cross Country in Edinburgh on January 10th.

The sponsorship will cover eight city locations with 12 events involving more than 220,000 runners. Morrisons is hoping to grow this number further by encouraging some of its 11 million customers and 120,000 colleagues to take part in events that range from 5k to the half marathon. The agreement also includes the Junior and Mini Great Run events.

Morrisons Chief Executive, Dalton Philips, said: “Over the last 34 years, the Great North Run has become a national institution and now with Great Runs across Britain, we believe it should be supported by a truly British sponsor. We have stores in more than 500 communities so we can play a big part in getting more people running with all the benefits that brings.”

“This sponsorship means that many more of our customers and colleagues will be able to take part in these great events and raise more money for charity, including our nominated charity partner, Sue Ryder.”

The Great Run series was founded in 1981 by former Olympic medallist Brendan Foster.

Brendan Foster, Chairman, said: “We are delighted to welcome Morrisons as the title sponsor of the Great Run series and we are excited about the association between one of Britain’s biggest retailers and Britain’s biggest mass participation running series. Our ambition is to have a million people taking part in our Great Run programme and Morrisons are ideal partners to help us to achieve this.”

Morrisons’ current charity partner, Sue Ryder, will have the opportunity to recruit more runners to raise even more funds to support their work.

Sue Ryder Chief Executive, Heidi Travis said: “It’s great news that Sue Ryder is Morrisons nominated charity for the Great Run series. Raising money through events like these means we can continue to provide incredible hospice and neurological care and make a lasting difference to thousands of families facing the loss of a loved one.”

“We have been involved in the Great Run series for over ten years and as well as raising funds, it helps to increase awareness of Sue Ryder and we’d like to thank Morrisons for this fantastic opportunity. We hope this will be the experience of a lifetime for our runners and we’re looking forward to supporting them every step of the way.”

For more information on the Great Run series please visit www.greatrun.org

Media contact

For all media enquiries call
0845 611 5111
Available 24 hours

CBL & Associates Properties, Inc. announced Robert Snetman is now Senior Director – Asset Management and Third Party Services

CHATTANOOGA, Tenn., 2015-1-12 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL), today announced Robert Snetman is now Senior Director – Asset Management and Third Party Services. In his new role, Snetman will focus upon further development and growth of CBL’s third party management and leasing services.

Snetman began his career with CBL in 1994 as an assistant manager at CoolSprings Galleria in Franklin, TN. In 1996, he moved to CBL’s corporate office as a senior leasing manager. Snetman was promoted to senior director of Sponsorship and Branding in 2001, then to senior director of Peripheral Development in 2006.

“In his 20 years with CBL, Robert has demonstrated a proven track record of successes,” said Stephen Lebovitz, president and CEO of CBL & Associates Properties, Inc. “His contributions to CBL have been substantial and we look forward to having Robert’s talents added to our Third Party Services team.”

About CBL & Associates Properties, Inc.
CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns, holds interests in or manages 148 properties, including 89 regional malls/open-air centers. The properties are located in 30 states and total 84.2 million square feet including 6.5 million square feet of non-owned shopping centers managed for third parties. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, Dallas (Irving), TX, and St. Louis, MO. Additional information can be found at cblproperties.com.

Contact: Dan Summerlin, Director of Corporate Relations, 423.490.8315, dan_summerlin@cblproperties.com

The Stop & Shop Supermarket Company LLC completed major remodel of its store located at 2160 South Merrick Mall in Merrick, NY

Highlighting larger store, expanded natural and organic products, produce area and new technology

Purchase, NY, 2015-1-12 — /EPR Retail News/ — The Stop & Shop Supermarket Company LLC has completed a major remodel of its store located at 2160 South Merrick Mall in Merrick, NY and will reopen on Friday, January 9th at 8:00 a.m. The store closed in September 2014 and underwent a four month major remodel to provide customers with a larger store, an expanded product selection and special features for a more convenient shopping experience.

“With this remodel, our customers will find the everyday savings and value they expect from Stop & Shop along with an expanded product assortment and customer service including full- service deli, meat and seafood,” said Rob Altenburger, store manager of the Merrick location. “We thank our customers for waiting and hope they are as excited as we about an improved shopping experience in our store.” The store has been freshened with new décor and fixtures along with an increased variety of new products.

New to the Merrick store is SCAN IT! technology where a hand held scanner will help Stop & Shop customers simplify their shopping experience by allowing them to scan and bag groceries while they shop. The device keeps a running tally of the total bill, which allows customers to price-check and manage their budgets as they shop. SCAN IT! MOBILE offers a mobile, in-store shopping experience where customers can shop, tally and check out through their mobile phones. With SCAN IT! shopping is affordable, fun and helps customers save time and money.

Deli Vision is another new technology tool for making deli shopping easier and faster at the Merrick store. Customers select what they want, get a printout of their choices and cost and then pick up their order at the Deli when they’re ready to go.

With an eye on energy conservation, LED lighting was newly installed in many areas of the store, including overhead track lights, spotlights on specialty areas & displays, and in the frozen food cases. LED lights are longer-lasting and are expected to reduce wattage by half.

About Stop & Shop
The Stop & Shop Supermarket Company LLC employs over 59,000 associates and operates 395 stores throughout Massachusetts, Connecticut, Rhode Island, New York and New Jersey. The company helps support local communities fight hunger, combat childhood cancer and promote general health and wellness – with emphasis on children’s educational and support programs. In its commitment to be a sustainable company, Stop & Shop is a member of the U.S. Green Building Council and EPA’s Smart Way program and has been recognized by the EPA for the superior energy management of its stores. Stop & Shop is an Ahold company. To learn more about Stop & Shop, visit www.stopandshop.com or www.facebook.com/stopandshop.

Contacts:
Arlene Putterman
Stop & Shop NY Metro Division
(914) 251-2834
arlene.putterman@stopandshop.com

Klépierre S.A. declared its previously announced recommended public exchange offer for all of Corio’s issued and outstanding ordinary shares unconditional

Not to be disseminated in Canada or Japan

This is a joint press release by Klépierre S.A. (“Klépierre”) and Corio N.V. (“Corio”) pursuant to Section 16 Paragraph 1 and Section 17 Paragraph 1 of the Netherlands Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft) in connection with the public exchange offer by Klépierre for all the issued and outstanding shares in Corio. The Offer is made solely pursuant to the Offer Memorandum, dated 27 October 2014, approved by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten). This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, Canada or Japan. Capitalized terms not defined in this press release will have the meaning as set forth in the Offer Memorandum dated 27 October 2014.

  • 84.07% of all Shares have been tendered under the Offer
  • Settlement and listing of the Klépierre Shares on Euronext Amsterdam will take place on 15 January 2015
  • Remaining Shares can be tendered in a Post-Closing Acceptance Period, commencing on 12 January 2015 and ending on 16 January 2015

Paris/Utrecht, 2015-1-12 — /EPR Retail News/ — Klépierre S.A. (Klépierre) (Euronext Paris) and Corio N.V. (Corio) (Euronext Amsterdam) are pleased to announce that Klépierre has declared its previously announced recommended public exchange offer (the “Offer”) for all of Corio’s issued and outstanding ordinary shares (“Shares”) unconditional.

Laurent Morel, Chairman of the Klépierre Executive Board, stated: “We are very pleased that our offer on Corio has had such outstanding success, with shares tendered in the offer reaching 84.07% of total share capital, demonstrating the strong support of Corio shareholders for this transaction. Klépierre becomes the leading pan-European pure player in the retail property business. We already have a clearly defined roadmap and are ready to execute the integration process, which will entail uniting both teams and leveraging their combined talents across continental Europe. On this basis, we intend to capture all the financial and operational benefits of this exciting project and, in so doing, rapidly create additional value for all Klépierre stakeholders ”.

Acceptance
As of 17:40 hours CET on 8 January 2015, the “Last Day of Acceptance Period”, 84,727,783 Shares, representing approximately 84.07% of the issued and outstanding Shares, had been tendered under the Offer. Further to its press release of 8 December 2014, Klépierre declares the minimum acceptance level condition for the Offer to be 80% of the issued share capital of Corio on the Last Day of Acceptance Period, and that such condition has therefore been satisfied, as have all other conditions of the Offer.

With reference to the Offer Memorandum, Shareholders who have accepted the Offer will receive 1.14 New Klépierre Shares (the “Offer Consideration”) for each Share validly tendered (or defectively tendered, provided that such defect has been waived by Klépierre) and transferred for acceptance pursuant to the Offer, under the terms and conditions of the Offer and subject to its restrictions. Consequently, as per the Settlement Date, Klépierre will issue and deliver in the aggregate 96,589,672 New Klépierre Shares to the tendering Shareholders.

Payment of the Offer Consideration will occur on 15 January 2015 (i.e., the Settlement Date).

Klépierre currently does not hold any Shares. Following the Settlement of the Offer, Klépierre will hold 84,727,783 Corio Shares, representing approximately 84.07% of the issued and outstanding share capital of Corio.

Listing on Euronext Amsterdam and Euronext Paris
The Klépierre Shares are currently admitted to listing and trading on Euronext Paris. As of 15 January 2015, the Klépierre Shares, including the New Klépierre Shares, will be admitted to listing and trading on Euronext Amsterdam and Euronext Paris.

Post-Closing Acceptance Period
Shareholders who have not tendered their Shares under the Offer will have the opportunity to tender their Shares during a post-closing acceptance period (na-aanmeldingstermijn) commencing at 09:00 hours CET on 12 January 2015 and expiring at 17:40 hours CET on 16 January 2015 (the “Post-Closing Acceptance Period”). Shareholders can tender their Shares during the PostClosing Acceptance Period in the same manner and subject to the same terms, conditions and restrictions as described in the Offer Memorandum.

Shareholders who tender their Shares during the Post-Closing Acceptance Period will not have the right to withdraw such tendered Shares.

Klépierre will continue to accept transfer of all Tendered Shares during the Post-Acceptance Period and will promptly deliver the Offer Consideration in respect of each Tendered Share which has been transferred to it during the Post-Acceptance Period, but in any event within 5 Business Days following the date on which the relevant Shareholder transferred its Shares to Klépierre.

Klépierre will publicly announce the results of the Post-Acceptance Period and the total amount and total percentage of Shares held by it in accordance with Article 17 Paragraph 4 of the Decree no later than on the third Business Day following the last day of the Post-Acceptance Period i.e. at the latest on 21 January 2015.

Merger
Klépierre and Corio have agreed that a statutory cross-border merger between Klépierre and Corio (“the Merger”) may take place following Settlement of the Offer. The remaining entity would be Klépierre which will maintain its name. It is expected that the Merger will be implemented in the first quarter of 2015. The exchange ratio to be applied in the Merger shall be equal to the exchange ratio applied in the Offer, being 1.14 New Klépierre Shares for each Share.

At the general meeting of Corio of 8 December 2014 (the “Corio EGM”) and the general meeting of shareholders of Klépierre on 11 December 2014, Corio and Klépierre shareholders approved the
Merger with a 99.96% and a 99.93% majority of the votes cast, respectively.

Withdrawal Right
Shareholders who voted against the Merger at the Corio EGM had the right to elect not to become a shareholder of Klépierre and file with Corio a request for cash compensation within one month after the Corio EGM (the “Withdrawal Right”) in accordance with section 2:333h of the Dutch civil code prior 8 January 2015, 24h00 CET.

No Shareholders have made use of their Withdrawal Right.

Further Implications of the Offer being declared unconditional
Shareholders who did not tender their Shares in the Offer should carefully review Sections 6.12 and 6.13 of the Offer Memorandum, which describe certain implications to which they may become subject to when the Offer is declared unconditional and settled.

The purchase of Shares by Klépierre pursuant to the Offer will, among other things, reduce the number of Shareholders and the number of Shares that might otherwise trade publicly. As a result,
the size of the free float of the Shares will be substantially reduced following completion of the Offer and trading volumes and liquidity of the Shares will be adversely affected.

Klépierre and Corio intend to request that Euronext Amsterdam terminate the listing of the Shares on Euronext Amsterdam as soon as Klépierre holds at least 95% of the Shares. This may adversely
affect the liquidity and market value of any listed Shares not tendered.

Dividend distributions in connection with the Offer
As announced by Klépierre and Corio on 8 December 2014 and 6 January 2015, Corio will distribute, before the Settlement Date, a dividend to Corio’s shareholders in order to comply with its obligations under the FBI regime for the 2014 financial year and the period running from 1 January 2015 to the Merger Date. In order to maintain an Exchange Ratio (for both the Offer and the Merger) of 1.14 New Klépierre Shares for each Share, Klépierre will concurrently distribute to its shareholders, before the Settlement Date, an interim per share dividend with respect to the 2014 fiscal year corresponding to the per share dividend distributed by Corio divided by 1.14.

Corio Dividend
The amount of the dividend to be distributed by Corio is € 1.03 per Share. The ex-dividend date for this distribution was 8 January 2015. The record date is 9 January 2015 and the Corio dividend will be paid by Corio to the holders of Shares on 12 January 2015. The Corio dividend will be paid in cash minus 15% Dutch dividend withholding tax.

Klépierre Dividend
The amount of the dividend to be distributed by Klépierre is € 0.91 per Klépierre Share. The exdividend date for this distribution was 8 January 2015. The record date is 9 January 2015 and the
Klépierre dividend will be paid by Klépierre to the holders of Klépierre Shares on 12 January 2015.

The amount of the Klépierre dividend corresponds to the amount of the per Share dividend distributed by Corio divided by 1.14 and derives from all of the real estate businesses of the Group that are exempt from corporate income tax (falling within the scope of the “SIIC” regime – French REIT regime).

All Klépierre Shares, including the New Klépierre Shares received in the context of the Offer, and as the case may be, the Merger, will be entitled to the remainder of the dividend to be paid by Klépierre for the fiscal year 2014 following the Klépierre annual shareholders’ meeting to be held in 2015.

Further information
The information in this press release is not intended to be complete. For further information in relation to the Offer explicit reference is made to the Offer Memorandum and Prospectus, which were published on 27 October 2014. The Prospectus is composed of (i) the Klépierre Registration Document filed with the AMF on 10 March 2014 under number D.14-0130, (ii) the update of the Registration Document filed with the AMF on 27 October 2014 under number D.14-0130-A01, and (iii) the securities note (including the summary of the prospectus). In addition, Corio has made available the Position Statement, which contains the information required by Article 18 Paragraph 2 and Annex G of the Decree.

This announcement contains selected, condensed information regarding the Offer and does not replace the Offer Memorandum, the Prospectus, or the Position Statement. Additional information regarding the Offer is contained in the Offer Memorandum and the Position Statement.

Shareholders are advised to review the Offer Memorandum, the Prospectus, and the Position Statement in detail and to seek independent advice where appropriate in order to reach a reasoned judgment in respect of the Offer and the content of the Offer Memorandum, the Prospectus, and the Position Statement. Shareholders are also advised to consult their tax advisors regarding the tax consequences of tendering their Shares under the Offer.

The terms and conditions of the Merger are set forth in detail in the Merger Proposal, the special report submitted by the Klépierre Executive Board (which includes Document E, approved by the AMF on 27 October 2014), and the explanatory notes provided by the Corio Management Board (together the “Merger Terms”). Shareholders are also advised to review the Merger Terms in detail and to seek independent advice where appropriate in order to reach a reasoned judgment in respect of the Merger.

Digital copies of the Offer Memorandum, the Position Statement, the Prospectus, Document E and the Merger Terms are available on the Klépierre website (www.klepierre.com). Digital copies of the Position Statement, the Offer Memorandum, the Prospectus and the Merger Proposal with the explanatory notes provided by the Corio Management Board are available on the Corio website (www.corio-eu.com). Digital copies of the Prospectus and Document E are also available on the AMF’s website (www.amf-france.org). Copies of the Offer Memorandum, the Prospectus and Document E are also available free of charge at the offices of Klépierre and the Exchange Agent, at the addresses mentioned below. Copies of the Position Statement, the Offer Memorandum, the Prospectus and the Merger Proposal with the explanatory notes provided by the Corio Management Board are also available free of charge at the offices of Corio at the address mentioned below. The websites of Klépierre and Corio do not constitute a part of, and are not incorporated by reference into, the Offer Memorandum, the Position Statement, the Prospectus or the Merger Proposal.

Exchange Agent
ABN AMRO Bank N.V.
Gustav Mahlerlaan 10
1000 EA Amsterdam
The Netherlands

Klépierre
Klépierre S.A.
26 boulevard des Capucines
75009 Paris
France

Corio
Corio N.V.
Hoog Catharijne
Van Duvenborch Building
Stationsplein 97
3503 RE Utrecht
The Netherlands

Restrictions
The Offer is being made in the Netherlands with due observance of the statements, conditions and restrictions included in the Offer Memorandum. Klépierre reserves the right to accept any tender
under the Offer, which is made by or on behalf of a Shareholder, even if it has not been made in the manner set out in this Offer Memorandum.

The distribution of the Offer Memorandum and/or the making of the Offer in jurisdictions other than the Netherlands may be restricted or prohibited by law. The Offer is not being made, and the Shares will not be accepted for purchase from any Shareholder, in any jurisdiction in which the making of the Offer or acceptance thereof would not be in compliance with the securities or other laws or regulations of such jurisdiction or would require any registration, approval or filing with any regulatory authority not expressly contemplated by the terms of the Offer Memorandum. Persons obtaining the Offer Memorandum are required to take due note and observe all such restrictions and obtain any necessary authorizations, approvals or consents (to the extent applicable). Outside of the Netherlands, no actions have been or will be taken to make the Offer possible in any jurisdiction where such actions would be required. In addition, the Offer Memorandum has not been filed with or recognized by the authorities of any jurisdiction other than the Netherlands. Neither Klépierre, nor Corio, nor any of their advisors accept any liability for any violation by any person of any such restriction. Any person (including, without limitation, custodians, nominees and trustees) who forwards or intends to forward the Offer Memorandum or any related document to any jurisdiction outside the Netherlands should carefully read Section 2 (Restrictions) and Section 3 (Important information) of the Offer Memorandum before taking any action. The release, publication or distribution of the Offer Memorandum and any documentation regarding the Offer or the making of the Offer in jurisdictions other than the Netherlands may be restricted by law and therefore persons into whose possession the Offer Memorandum comes should inform themselves about and observe such restrictions. Any failure to comply with any such restriction may constitute a violation of the law of any such jurisdiction.

United States of America
The Transactions will result in the acquisition of securities of a Dutch company and are subject to Dutch disclosure requirements, which differ from those of the United States. The financial information included or referred to herein has been prepared in accordance with non-U.S. accounting standards and, accordingly, may not be comparable to financial information of U.S. companies or companies whose financial statements are prepared in accordance with generally accepted accounting principles in the United States.

The Offer will be made in the United States pursuant an exemption from the U.S. tender offer rules provided by Rule 14d-1(c) under the U.S. Securities Exchange Act of 1934, as amended (the “U.S. Securities Exchange Act”), and the issuance of Shares in the Transactions will be pursuant to an exemption from registration provided by Rule 802 under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and the Transactions will otherwise be made in accordance with the applicable regulatory requirements in the Netherlands. Accordingly, the Offer will be subject to disclosure and other procedural requirements, including with respect to withdrawal rights, offer timetable, settlement procedures and timing of payments that are different from those applicable under U.S. domestic tender offer procedures and law.

It may be difficult for U.S. holders of Shares to enforce their rights and any claims arising under the U.S. federal securities laws, since Klépierre and Corio are located in a country other than the United States, and some or all of their officers and directors may be residents of a country other than the United States. U.S. holders of Shares may not be able to sue a non-U.S. company or its officers or directors in a non-U.S. court for violations of the U.S. securities laws. Further, it may be difficult to compel a non-U.S. company and its affiliates to subject themselves to a U.S. court’s judgment.

In accordance with standard Dutch practice and pursuant to Rule 14e-5(b) of the U.S. Securities Exchange Act, Klépierre or its nominees, or its brokers (acting as agents), or affiliates of Klépierre’s financial advisors, may from time to time make certain purchases of, or arrangements to purchase, Shares outside of the United States, other than pursuant to the Offer, before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Information about such purchases will be announced by press release in accordance with Article 13 of the Decree and posted on the website of Klépierre at (www.klepierre.com).

The Shares have not been registered in, and will not be registered with any securities regulatory authority of, any state or other jurisdiction of the United States, including the District of Columbia, Puerto Rico and Guam. Accordingly, any Shareholder in any jurisdiction of the United States may tender Shares under the Offer only if such Shareholder qualifies as an exempt investor meeting the applicable definition as set out in Section 21 of the Offer Memorandum (Exempt investors in U.S. Jurisdictions).

Canada and Japan
The Offer and any solicitation in respect thereof is not being made, and will not be made, directly or indirectly, in or into Canada or Japan, or by use of the mails, or by any means or instrumentality of interstate or foreign commerce, or any facilities of a national securities exchange, of Canada or Japan. This includes, but is not limited to, post, facsimile transmission or any other electronic form of transmission and telephone. Accordingly, copies of the Offer Memorandum and any related press announcements, acceptance forms and other documents are not being sent and must not be mailed or otherwise distributed or sent in, into or from Canada or Japan or, in their capacities as such, to custodians, nominees or trustees holding Shares for persons residing in Canada or Japan. Persons receiving the Offer Memorandum and/or such other documents must not distribute or send them in, into or from Canada or Japan, or use such mails or any such means, instrumentality or facilities for any purpose in connection with the Offer; so doing will invalidate any purported acceptance of the Offer. Klépierre will not accept any tender by any such use, means, instrumentality or facility from within Canada or Japan.

Tender and transfer of Shares constitute a representation and warranty that the person tendering the Shares (i) has not received or sent copies of the Offer Memorandum or any related documents in, into or from Canada or Japan and (ii) has not otherwise utilized in connection with the Offer, directly or indirectly, the mails or any means or instrumentality including, without limitation, facsimile
transmission and telephone of interstate or foreign commerce, or any facility of a national securities exchange of, Canada or Japan. Klépierre reserves the right to refuse to accept any purported acceptance that does not comply with the foregoing restrictions, and any such purported acceptance will be null, void and without effect.

Forward-looking statements
This announcement includes forward-looking statements. Forward-looking statements involve known or unknown risks and uncertainties because they relate to events and depend on circumstances that all occur in the future. These statements are based on the current expectations of Klépierre and Corio and are naturally subject to uncertainty, changes and circumstances. Forward-looking statements include, without limitation, statements typically containing words such as “intends”, “expects”, anticipates”, “targets”, “estimates” and words of similar impact.

About Klépierre
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 14.0 billion euros on 30 June 2014 and essentially comprises large shopping centers in 13 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (28.9%), world leader in the shopping center industry, and BNP Paribas (21.3%).

Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and is included in the SBF 80, the EPRA Euro Zone, and the GPR 250 indexes. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

About Corio
Corio is a leading pan-European retail property company, specializing in the selection, development, redevelopment, and management of shopping centers. Corio currently has operations in seven countries: Italy, the Netherlands, France, Germany, Spain, Portugal, and Turkey. The portfolio consists of 57 shopping centers, offering space to more than 5,000 retailers to operate their businesses and hosting around 400 million visitors across the portfolio. Corio’s headquarters are in Utrecht, Netherlands.

The strategy of Corio is to create Favourite Meeting Places, as the success of a shopping center originates from the number of visitors we can attract: sustainable centers where people like to meet, spend time and shop; places they want to return to.

The company’s shares are traded on Euronext NYSE in Amsterdam. Under Dutch law, Corio is a closed-end fiscal investment institution (FBI). It has SIIC status in France. Since March 2008, Corio has been included in the AEX, the Dutch blue-chip index of 25 leading shares, as well as in EPRA, GPR, STOXX Europe 600, EURO STOXX, FTSE4 Good, DJSI and World, ASPI, Euronext Vigeo 120, and ECPI.

INVESTOR RELATIONS CONTACTS
KLEPIERRE
Vanessa FRICANO – +33 1 40 67 52 24 / vanessa.fricano@klepierre.com
Julien ROUCH – +33 1 40 67 53 08 / julien.rouch@klepierre.com

CORIO
Ingrid PRINS – +31 (0)30 234 67 43 / ingrid.prins@nl.corio-eu.com

MEDIA CONTACTS
FRANCE
Jérôme BISCAY – +33 1 53 96 83 83 / klepierre@brunswickgroup.com
Aurélia DE LAPEYROUSE – +33 1 53 96 83 83 / klepierre@brunswickgroup.com

NETHERLANDS
Dirk DELMARTINO – +32 479 730 030 / ddelmartino@brunswickgroup.com
Geert PIELAGE – + 31 20 575 40 85 / geert.pielage@citigateff.nl

UNITED KINGDOM
Marleen GEERLOF – +44 7974 982401 / mgeerlof@brunswickgroup.com