PRESS RELEASE
Paris, May 13, 2025, 7 p.m.


Outcome of the Combined General Meeting
held on May 13, 2025

Icade’s Combined General Meeting (the “General Meeting”) was held on Tuesday, May 13, 2025 at
Immeuble Cœur Défense – Tour B, Espace Comet, 24th floor, 100 Esplanade du Général de Gaulle,
92832 Paris La Défense Cedex, France.

Notices of meeting and invitations to attend were published and invitations to attend were sent in
accordance with applicable regulations. All the documents relating to this General Meeting are
available in the Finance section of the Group’s website under the “General Meeting” tab.

The General Meeting was chaired by Mr Frédéric Thomas, Chairman of the Board of Directors. Caisse
des Dépôts et Consignations, represented by Mr Alexandre Thorel, and the Crédit Agricole Assurances
Group, represented by Ms Florence Habib-Deloncle, were appointed as scrutineers from among the
shareholders with the largest number of voting rights. Mr Jérôme Lucchini was appointed as the
General Meeting’s Secretary.

The quorum was established as follows:
• 60,713,916 voting shares, i.e. a quorum of 80.08 % for ordinary resolutions,
• 60,719,195 voting shares, i.e. a quorum of 80.09% for extraordinary resolutions.

All the resolutions proposed at the General Meeting were approved by a large majority. Detailed
voting results for each resolution are shown in the appendix to this press release.

In particular, the General Meeting:
• approved the separate and consolidated financial statements for the financial year ended
December 31, 2024;
• approved the distribution of a gross cash dividend of €4.31 per share for the financial year
2024. A gross interim dividend of €2.16 per share was paid on March 6, 2025 (ex-dividend date:
March 4, 2025). The remaining balance will be paid in the form of a gross final dividend of
€2.15 per share on July 3, 2025, with the shares going ex-dividend on July 1, 2025;
• approved the new regulated related party agreement mentioned in the Statutory Auditors’
special report;
• approved the reappointment of Forvis Mazars as principal statutory auditor and statutory
auditor responsible for the assurance of sustainability reporting;
• approved the appointment of PricewaterhouseCoopers Audit as statutory auditor responsible
for the assurance of sustainability reporting;
• ratified the temporary appointment of Ms Audrey Girard and Ms Florence Habib-Deloncle as
directors;
• reappointed Ms Dorothée Clouzot, Mr Olivier Mareuse and Mr Bernard Spitz as directors;
• approved the remuneration policies for directors, the Chairman of the Board of Directors and
the Chief Executive Officer;
• approved the elements of remuneration for the Chairman of the Board of Directors and the
Chief Executive Officer for the 2024 financial year;
• issued a favourable opinion on Icade’s progress with respect to climate transition and
biodiversity preservation (Say on Climate and Say on Biodiversity resolutions approved by
99.28 % and 99.36 %, respectively, of the votes cast – see dedicated press release published
today);
• ratified the change of registered office to 1 avenue du Général de Gaulle, 92800 Puteaux,
France;
• renewed the financial authorisations and delegations to be given to the Board of Directors;
• approved the amendments to Articles 10 and 15 of the Articles of Association.


The General Meeting presentation is available in the Finance section of the Group’s website under the
“General Meeting” tab.




ABOUT ICADE
Icade is a full-service real estate company with expertise in both property investment (portfolio worth €6.4bn as
of 12/31/2024 – 100% + Group share of joint ventures) and property development (2024 economic revenue of
€1.2bn) that operates throughout France. Icade has forged long-term partnerships to respond to emerging trends
in the industry. It has made climate issues and the preservation of biodiversity central to its business model to
reinvent real estate and contribute to more sustainable cities. It is listed as an “SIIC” on Euronext Paris and its
leading shareholder is the Caisse des Dépôts Group.


The text of this press release is available on the Icade website: www.icade.fr/en



CONTACTS
Anne-Violette Faugeras Marylou Ravix

Head of Finance and Investor Relations External Communications Manager

+33 (0)7 88 12 28 38 +33 (0)7 88 30 88 51

anne-violette.faugeras@icade.fr marylou.ravix@icade.fr
APPENDIX

RESULTS OF VOTING ON THE RESOLUTIONS



CAPITAL SHARES: 76 234 545

Votes not valid for
Excluded
majority State of
Votes valid for majority Presents & Represented Shares valid for majority voting
(Abstain+Invalid+Not adoption
rights
Resolution Type Vote Time voted)
% of
For % Against % Shares Votes For + Against shares
capital
Approval of the separate financial
statements for the year ended
13/05/2025 60 602
1 December 31, 2024 – Approval of Ordinary 99,89% 65 002 0,11% 33 790 60 713 916 60 713 916 60 667 497 79,64% 0 Carried
10:44:37 495
non-tax deductible expenses and
charges
Approval of the consolidated
13/05/2025 60 605
2 financial statements for the year Ordinary 99,90% 62 951 0,10% 33 270 60 713 916 60 713 916 60 668 017 79,64% 0 Carried
10:45:07 066
ended December 31, 2024
Appropriation of profits for the
13/05/2025 60 657
3 financial year and determination Ordinary 99,93% 40 404 0,07% 3 385 60 713 916 60 713 916 60 697 902 79,64% 0 Carried
10:45:38 498
of the dividend amount
Statutory Auditors’ special report
on regulated related party
13/05/2025 45 739 14 101
4 agreements and approval of the Ordinary 98,22% 831 266 1,78% 42 521 60 713 916 46 612 909 46 570 388 79,64% Carried
10:46:49 122 007
new agreement mentioned
therein
Reappointment of Forvis Mazars 13/05/2025 58 359
5 Ordinary 96,19% 2 314 233 3,81% 40 547 60 713 916 60 713 916 60 673 369 79,64% 0 Carried
as principal statutory auditor 10:47:19 136

Reappointment of Forvis Mazars
as statutory auditor responsible 13/05/2025 58 539
6 Ordinary 96,48% 2 133 309 3,52% 41 380 60 713 916 60 713 916 60 672 536 79,64% 0 Carried
for the assurance of sustainability 10:47:50 227
reporting
Appointment of
PricewaterhouseCoopers Audit as
13/05/2025 59 266
7 statutory auditor responsible for Ordinary 97,67% 1 414 141 2,33% 32 989 60 713 916 60 713 916 60 680 927 79,64% 0 Carried
10:48:24 786
the assurance of sustainability
reporting
Ratification of the temporary
13/05/2025 52 859
8 appointment of Ms Audrey Girard Ordinary 87,14% 7 803 990 12,86% 50 625 60 713 916 60 713 916 60 663 291 79,64% 0 Carried
10:48:55 301
as director
Ratification of the temporary
13/05/2025 54 274
9 appointment of Ms Florence Ordinary 89,46% 6 391 265 10,54% 47 998 60 713 916 60 713 916 60 665 918 79,64% 0 Carried
10:49:24 653
Habib-Deloncle as director
Reappointment of Ms Dorothée 13/05/2025 49 992
10 Ordinary 82,42% 10 666 286 17,58% 54 714 60 713 916 60 713 916 60 659 202 79,64% 0 Carried
Clouzot as director 10:49:52 916

Reappointment of Mr Olivier 13/05/2025 51 385
11 Ordinary 84,94% 9 111 060 15,06% 217 355 60 713 916 60 713 916 60 496 561 79,64% 0 Carried
Mareuse as director 10:50:22 501
Reappointment of Mr Bernard 13/05/2025 52 019
12 Ordinary 85,74% 8 651 830 14,26% 42 546 60 713 916 60 713 916 60 671 370 79,64% 0 Carried
Spitz as director 10:50:58 540
Approval of the remuneration
13/05/2025 60 542
13 policy for the members of the Ordinary 99,79% 128 681 0,21% 42 557 60 713 916 60 713 916 60 671 359 79,64% 0 Carried
10:51:28 678
Board of Directors
Approval of the remuneration
13/05/2025 60 545
14 policy for the Chairman of the Ordinary 99,77% 138 317 0,23% 30 341 60 713 916 60 713 916 60 683 575 79,64% 0 Carried
10:51:57 258
Board of Directors
Approval of the remuneration
policy for the Chief Executive 13/05/2025 54 388
15 Ordinary 90,09% 5 983 511 9,91% 342 145 60 713 916 60 713 916 60 371 771 79,64% 0 Carried
Officer and/or any other corporate 10:52:27 260
officer
Approval of the information
referred to in section I of Article L. 13/05/2025 58 514
16 Ordinary 96,47% 2 144 074 3,53% 55 043 60 713 916 60 713 916 60 658 873 79,64% 0 Carried
22-10-9 of the French Commercial 10:52:57 799
Code
Approval of the fixed, variable and
exceptional components of total
remuneration and benefits of
any kind paid during the past 13/05/2025 60 535
17 Ordinary 99,78% 135 635 0,22% 42 465 60 713 916 60 713 916 60 671 451 79,64% 0 Carried
financial year or granted for the 10:53:37 816
same period to Mr Frédéric
Thomas, Chairman of the Board of
Directors
Approval of the fixed, variable and
exceptional components of total
remuneration and benefits of any
13/05/2025 57 886
18 kind paid during the past financial Ordinary 95,98% 2 423 648 4,02% 403 307 60 713 916 60 713 916 60 310 609 79,64% 0 Carried
10:54:14 961
year or granted for the same
period to Mr Nicolas Joly, Chief
Executive Officer

Authorisation to be given to the
Board of Directors to have the
13/05/2025 60 597
19 Company repurchase its own Ordinary 99,86% 87 579 0,14% 28 659 60 713 916 60 713 916 60 685 257 79,64% 0 Carried
10:54:50 678
shares under Article L. 22-10-62 of
the French Commercial Code

13/05/2025 58 691
20 Say on Climate Ordinary 99,28% 426 484 0,72% 1 596 358 60 713 916 60 713 916 59 117 558 79,64% 0 Carried
10:55:17 074
13/05/2025 58 521
21 Say on Biodiversity Ordinary 99,36% 374 587 0,64% 1 818 301 60 713 916 60 713 916 58 895 615 79,64% 0 Carried
10:55:43 028
Ratification of the change of
registered office from 27 rue
Camille Desmoulins, 92130 Issy-
13/05/2025 60 666
22 les-Moulineaux, France to 1, Ordinary 99,94% 36 780 0,06% 11 131 60 713 916 60 713 916 60 702 785 79,64% 0 Carried
10:56:28 005
avenue du Général de Gaulle,
92800 Puteaux, France, effective
December 27, 2024
Authorisation to be given to the
Board of Directors to cancel the
shares repurchased by 13/05/2025 60 647
23 Extraordinary 99,89% 64 696 0,11% 7 177 60 719 195 60 719 195 60 712 018 79,65% 0 Carried
the Company under Article L. 22- 10:57:08 322
10-62 of the French Commercial
Code
Delegation of authority to be
given to the Board of Directors to
13/05/2025 60 477
24 increase the share capital by Extraordinary 99,61% 234 923 0,39% 7 187 60 719 195 60 719 195 60 712 008 79,65% 0 Carried
10:57:40 085
capitalisation of reserves, profits
and/or share premiums
Delegation of authority to be
given to the Board of Directors to
13/05/2025 58 228
25 issue ordinary shares with pre- Extraordinary 95,91% 2 481 959 4,09% 8 367 60 719 195 60 719 195 60 710 828 79,65% 0 Carried
10:58:12 869
emptive rights for existing
shareholders
Authorisation to be given to the
Board of Directors to increase the 13/05/2025 57 395
26 Extraordinary 94,57% 3 298 137 5,43% 25 755 60 719 195 60 719 195 60 693 440 79,65% 0 Carried
number of new shares being 10:58:41 303
issued
Delegation of authority to be
given to the Board of Directors to
increase the share capital by
issuing ordinary shares and/or
securities entitling their holders to 13/05/2025 58 591
27 Extraordinary 96,52% 2 110 654 3,48% 16 800 60 719 195 60 719 195 60 702 395 79,65% 0 Carried
shares in the Company, without 10:59:26 741
pre-emptive rights, to members of
a company savings plan pursuant
to Articles L. 3332-18 et seq. of
the French Labour Code
Amendment to Article 10 of the
Articles of Association on the use
of telecommunication means
13/05/2025 60 659
28 during meetings of the Board of Extraordinary 99,93% 44 656 0,07% 14 589 60 719 195 60 719 195 60 704 606 79,65% 0 Carried
11:00:02 950
Directors and on written
resolutions of the Board of
Directors
Bringing Article 15 of the Articles
13/05/2025 60 642
29 of Association into line with Extraordinary 99,94% 36 747 0,06% 39 657 60 719 195 60 719 195 60 679 538 79,65% 0 Carried
11:00:33 791
current regulations
13/05/2025 60 653
30 Powers to complete formalities Ordinary 99,94% 36 278 0,06% 24 146 60 713 916 60 713 916 60 689 770 79,64% 0 Carried
11:01:03 492