SFL: Cezanne Saint Honore Fully Let

Societe Fonciere Lyonnaise (Paris:FLY): The Joint owners of the
Cezanne Saint Honore building in Paris (SFL and PREDICA) have signed a
lease on 1910m2 of offices (on the 4th floor of the building on the
North side of the private rue Paul Cezanne) with PROUDREED. This
agreement completes the re-letting of the project. The rent is
'consistent with the position of the property at the prime end of the
downtown Paris rental market'.

PROUDREED joins a list of other prestigious names in the complex
which currently houses Freshfields Bruckhaus Deringer, Citigroup, 3I,
Caisse Centrale de Reassurance, Perfectis Private Equity, TCR and
Charterhouse.

The floor had remained occupied during the initial building phase,
and will be handed over to PROUDREED, after major renovation work, in
February 2007.

The Owner was advised in this transaction by Knight Franck, and
PROUDREED by CBRE.

This latest letting had been preceded in early October by the
letting of the ground floor corner unit of 300m2 giving onto the rue
de Courcelles, which will house a new restaurant with terrace which
will open in the spring of 2007.

Cezanne Saint Honore represents a development of 27 000m2 of
offices and retail space which won the SIMI prize in 2004 for the
'Renovation Project' of the year, and the 'Grand Prix d'excellence'
from ULI in 2005.

Profile

With an exceptional portfolio of properties valued at some EUR 3.2
billion net of transfer costs, essentially located in the Paris
Central Business District, SFL is a preferred vehicle for investors
wishing to invest in the Paris office and retail property market. As
the leading player in this market, the Group is firmly focused on
pro-actively managing high-quality property assets. SFL has elected to
be taxed as an SIIC since 2003.

Stock Market: Eurolist Compartiment A - Euronext Paris ISIN
FR0000033409 - Bloomberg: FLY FP - Reuters : FLYP PA

This is a free translation of the original press release in
French.