EIFF Tour Eiffel

In the wake of meaningful progress on its strategic repositioning and first half
results,  Société de la Tour  Eiffel is embarking on  a new growth cycle through
the  acquisition of an office complex of 19 752 m² located in Malakoff (92) from
Patron  Capital Partners.   This transaction  should serve  as a precursor to an
ongoing  business partnership  principally focused  on value-added projects. The
consideration  would be wholly in shares  giving Patron Capital Partners 8.4% of
the SIIC's share capital together with Board representation.

The  Company's Board, at its  meeting of 17 September 2013, unanimously approved
the continuation of these negotiations.


A   quality   product  in  the  perspective  of  the  revised  Company  strategy
concentrating on Paris offices

The property is largely compliant in this respect:
  * A modern office complex ;
  * Sought after office location on the Paris fringe ;
  * Long-term tenancy - 8 years remaining. Edenred, the world leader in
    corporate vouchers, occupies the property as its headquarters.


An  estimated initial return  of 7.2% is in  line with the Company's performance
criteria.

This deal would increase the Company's overall portfolio by 10% whereas the core
element (Parisian offices) will represent 60% up from 56%[1].


A  share transaction acquisition enabling the  Company to bolster its net equity
whilst benefitting from the support and expertise of a recognised investor.

The  transaction would  be concluded  by the  contribution of  shares in  a OPCI
owning  the asset. Taking into account  debt, the net asset contribution amounts
to  around € 28.4m and would be  satisfied through the issuance of approximately
568,000 Société  de la Tour  Eiffel shares at  € 50.0. This issuance  price of €
50€ (ex-dividend  of € 1.20 payable  30 September 2013) represents a significant
premium  on  the  Company's  current  share  price (+9% compared to last month's
average and
+12% compared   to   last  year's  average[2]);  Patron  Capital  Partners  thus
demonstrate their confidence



in  the Company's strategy, portfolio  and management which it  will aim to help
develop through application of its own experience and resources.

Following  this transaction Patron  Capital Partners would  become a significant
shareholder  in Société  de la  Tour Eiffel,  with some  8.4% of the capital. An
established  property  investor,  Patron  Capital  Partners has raised over 2.5
billion  euros of equity since its creation in 1999 has successfully invested in
over 100 property transactions throughout Europe.


Outline timing

In   accordance  with  regulatory  requirements,  the  values  accorded  to  the
contributed   asset  and  the  corresponding  remuneration  are  subject  to  an
independent audit. In early November once the findings are to hand, approval for
the  final agreement and the subsequent capital increase will be sought from the
Société de la Tour Eiffel Board, acting under delegated authority granted by the
Annual General Meeting of 30 May 2013.


Renaud Haberkorn, Chief Executive Officer of Société de la Tour Eiffel declares:
« This  transaction  is  doubly  beneficial  for  Société de la Tour Eiffel. The
property  portfolio is supplemented by a quality  asset totally in line with our
strategy,  whilst  we  shall  be  able  to  forge  a partnership with a renowned
investor  desirous of undertaking future joint  operations with us. Finally this
is  a clear  endorsement of  our strategy  and portfolio  quality by a demanding
investor ».


Keith Breslauer, founder and Managing Director of Patron Capital declares :
« Further  to its  previous investment  in Vectrane,  Patron is delighted to re-
enter  the French  SIIC market  to actively  participate alongside  a successful
management  team in the  implementation of Société  de la Tour Eiffel's strategy
which  we believe  rightfully targets  one of  the most  dynamic segment  of the
French market. »


About Patron Capital Partners
Established in 1999, Patron Capital Partners has evolved into one of the leading
opportunistic  real estate investors in Europe. It represents approximately €2.5
billion  of capital across several funds (including its most recent Fund IV) and
related  co-investments,  investing  in  property,  corporate operating entities
whose  value  is  primarily  supported  by  property assets predominantly across
Western Europe. To date Patron has invested in over 100 transactions across over
50 investments, involving approximately 40 million square feet in 13 countries.


About Societe de la Tour Eiffel
A  listed  real  estate  investment  company  (SIIC) on NYSE Euronext Paris, the
company  pursues  a  strategy  focused  on  the ownership and the development of
quality  offices in Paris and  its region capable of  attracting a wide range of
tenants  in  both  established  and  emerging locations. The company's portfolio
stands  at 809 million Euros of  assets. Societe de la  Tour Eiffel is listed on
NYSE Euronext Paris (compartment B) - ISIN code: 0000036816 - Reuters: TEIF.PA -
Bloomberg EIFF.F. Indexes: GIEIF Foncières, IEIF Immobilier France.



Press contact www.societetoureiffel.com                     Communication

Jean-Philippe                                            Renaud HABERKORN
MOCCI

Capmot                                            Chief Executive Officer

Tel :+33 (0)1 71 16 19 13/+33 (0)6             Tel : +33 (0)1 53 43 07 06
71 91 18 83

jpmocci@capmot.com                            r.haberkorn@stoureiffel.com





--------------------------------------------------------------------------------

[1] Proforma data as at 30/06/2013

[2] Price adjusted for a € 1.20 dividend


STE Press release asset contribution: http://hugin.info/143560/R/1730236/578312.pdf

[HUG#1730236]

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