PRESS RELEASE


Paris, 02 October 2025


SUCCESSFUL €300 MILLION GREEN BOND ISSUE MATURING IN JANUARY 2033
WITH AN ANNUAL FIXED COUPON OF 3.75%



Carmila has successfully completed a €300 million green bond issue with a slightly above
7-year maturity (13 January 2033) and an annual fixed coupon of 3.75%. The transaction was
priced with a spread of 130 basis points over the reference rate.
The issue was heavily oversubscribed – nearly eight times – and attracted strong demand
from both French and international investors. It is part of Carmila’s proactive balance sheet
management strategy: extending debt maturity, optimising its profile and reducing its
average cost.
The transaction is the second carried out under Carmila's "Green Bond Framework"
published in October 2022. The funds raised from the issue will be used to finance assets that
meet stringent, transparent eligibility criteria and have obtained BREEAM "Very Good" or
"Excellent" certification.
In parallel, Carmila has launched a tender offer on four existing bonds maturing in May 2027,
March 2028, October 2028 and April 2029. The offer is open until 9 October 2025, with results
to be announced on 10 October 2025.




INVESTOR AND ANALYST CONTACT PRESS CONTACT
Pierre-Yves Thirion – Chief Financial Officer Elodie Arcayna – Corporate Communications Director
pierre_yves_thirion@carmila.com elodie_arcayna@carmila.com
+33 6 47 21 60 49 +33 7 86 54 40 10




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PRESS RELEASE

INVESTOR AGENDA

23 October 2025 (after market close): Third-quarter 2025 financial information

ABOUT CARMILA
As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour
and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour
hypermarkets in France, Spain and Italy. At 31 December 2024, its portfolio was valued at €6.7 billion,
and is made up of 251 shopping centres with leading positions in their catchment areas.

Carmila is listed on Euronext-Paris Compartment A under the symbol CARM. It benefits from the tax
regime for French real estate investment trusts (“SIIC”). Carmila has been a member of the SBF 120
since 20 June 2022.

IMPORTANT NOTICE
Some of the statements contained in this document are not historical facts but rather statements of
future expectations, estimates and other forward-looking statements based on management’s beliefs.
These statements reflect such views and assumptions prevailing as of the date of the statements and
involve known and unknown risks and uncertainties that could cause future results, performance or
events to differ materially from those expressed or implied in such statements. Please refer to the most
recent Universal Registration Document filed in French by Carmila with the Autorité des marchés
financiers for additional information in relation to such factors, risks and uncertainties. Carmila has no
intention and is under no obligation to update or review the forward-looking statements referred to
above. Consequently, Carmila accepts no liability for any consequences arising from the use of any
of the above statements.




This press release is available in the “Financing” section of Carmila’s Finance webpage:
https://www.carmila.com/en/financing



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