Press release Paris, October 6, 2025




S&P Global affirms Altarea’s long-term credit rating at BBB−
and revises outlook to “stable”



Paris, October 6, 2025 – Altarea announces that S&P Global Ratings has affirmed its long-term credit rating
at BBB− (investment grade) and has revised the outlook from “negative” to “stable.”


S&P Global Ratings highlights the resilience of the Group’s rental income, the expected recovery in property
development, as well as Altarea’s diversified business model and its agile and prudent financial policy.


The outlook for Altareit, a subsidiary of Altarea, has also been revised to “stable” to align with its parent
company, and its long-term rating of BBB− has been affirmed.




Ratings are available on the S&P Global Ratings website: www.spglobal.com




Indicative financial calendar
Third-quarter revenue 2025: Thursday, November 6, 2025 (after market)
2025 annual results: Tuesday, February 24, 2026 (after market)
Presentation Meeting – Wednesday, February 25, 2026 at 9:00 AM

ABOUT ALTAREA - FR0000033219 – ALTA

Altarea is the French leader in low-carbon urban transformation, with the most comprehensive real estate offering to serve the city and its
users. In each of its activities, the Group has all the expertise and recognised brands needed to design, develop, market and manage
tailor-made real estate products. Altarea is listed in compartment A of Euronext Paris.


FINANCE CONTACTS
Eric Dumas, Chief Financial Officer Agnès Villeret - KOMODO
edumas@altarea.com, tel: + 33 1 44 95 51 42 agnes.villeret@agence-komodo.com, tel: +33 6 83 28 04 15

Pierre Perrodin, Deputy Chief Financial Officer For any questions: investors@altarea.com
pperrodin@altarea.com, tel: + 33 6 43 34 57 13 More information: www.altarea.com/finance


Disclaimer / This press release does not constitute an offer to sell or solicitation of an offer to purchase Altarea shares. If you would like more detailed information about Altarea,
please refer to the documents available on our website www.altarea.com. This press release may contain certain forward-looking statements based solely on information currently
available and are only valid as of the date of this document. They are not guarantees of the Altarea Group's future performance. While Altarea believes that such statements are based
on reasonable assumptions at the date of publication of this document, they are by nature subject to risks and uncertainties which are unknown or that Altarea is unable to predict or
control which may lead to differences between real figures and those indicated or inferred from such statements. This press release must not be published, circulated, or distributed,
directly or indirectly, in any country in which the distribution of this information is subject to legal restrictions.




ALTAREA – PRESS RELEASE 1