UNIBAIL-RODAMCO SE to pay dividends semi-annually

Paris, Amsterdam, October 2, 2014

                                                                   Press Release



Unibail-Rodamco to pay dividends semi-annually

After  review of the Group's practice of  paying its annual dividend in a single
payment  and considering the benefits of changing from a once-a-year to a twice-
a-year  payment, Unibail-Rodamco will implement in 2015 a distribution policy of
semi-annual   dividend   payments,   i.e.  a  payment  of  its  dividend  in  2
installments. Unibail-Rodamco  believes that  by adopting  this policy it offers
shareholders  a regular flow of dividends which more closely matches the Group's
cash flows.

For  the 2014 fiscal year dividend  to be paid in  2015, the calendar will be as
follows:
 1. Payment of an interim dividend on March 26, 2015 (ex-date March 23, 2015)
 2. Payment of a final dividend subject to approval of the AGM on July 6, 2015
    (ex-date July 1, 2015)

The  amounts of the interim and final dividend paid for the 2014 fiscal year and
the  calendar of payment dates in  2016 (for the 2015 fiscal year dividend) will
be  announced on  January 28, 2015 after  market close  with the  release of the
full-year 2014 results.

The  target pay-out ratio  of distributable income  set in 2007 is unchanged for
the Group with a range of 85% to 95% of its annual recurring earnings per share.


For further information, please contact:

Investor Relations
Pierre-Marie Battesti
+33 1 76 77 56 97

Media Relations
Camille Delomez
+33 1 76 77 57 94

About Unibail-Rodamco
Created  in  1968, Unibail-Rodamco  SE  is  Europe's  largest  listed commercial
property  company, with a presence in 12 EU countries, and a portfolio of assets
valued at €33.6 billion as of June 30, 2014. As an integrated operator, investor
and  developer, the  Group covers  the whole  of the  real estate value creation
chain.  With  the  support  of  its 1,550 professionals, Unibail-Rodamco applies
those  skills  to  highly  specialised  market  segments  such as large shopping
centres  in major European cities and  large offices and convention & exhibition
centres in the Paris region.
The  Group distinguishes itself through its  focus on the highest architectural,
city   planning   and  environmental  standards.  Its  long  term  approach  and
sustainable  vision focuses on  the development or  redevelopment of outstanding
places  to shop, work  and relax. Its  commitment to environmental, economic and
social  sustainability has been  recognised by inclusion  in the DJSI (World and
Europe), FTSE4Good and STOXX Global ESG Leaders indexes.
The  Group  is  a  member  of  the  CAC  40, AEX 25 and EuroSTOXX 50 indices. It
benefits from an A rating from Standard & Poor's and Fitch Ratings.
For more information, please visit our website: www.unibail-rodamco.com

Unibail-Rodamco - Change in timing of dividend : 
http://hugin.info/136618/R/1860450/652087.pdf



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Source: UNIBAIL-RODAMCO SE via GlobeNewswire
[HUG#1860450]