Unibail-Rodamco (AMS:ULA) Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------



Paris, Schiphol, October 10, 2008

PRESS RELEASE

I. Consolidated turnover

The turnover of Unibail-Rodamco for the first 3 quarters of 2008 amounted to € 1,148.3 Mn.



(€ Mn 2008 2007 excluding VAT) Ex-Unibail Ex-Rodamco Unibail-Rodamco Ex-Unibail Ex-Rodamco(1) Unibail-Rodamco

Offices 124.7 53.3 178.0 117.8 19.0 136.8 1st quarter 39.0 18.3 57.3 38.1 38.1 2nd quarter 43.1 18.4 61.5 39.4 39.4 3rd quarter 42.6 16.6 59.2 40.3 19.0 59.3

Shopping centres 249.8 480.2 730.0 201.9 153.0 354.9 1st quarter 84.7 164.5 249.2 66.1 66.1 2nd quarter 81.1 151.7 232.8 67.1 67.1 3rd quarter 84.0 164.0 248.0 68.7 153.0 221.7

Convention & Exhibitions (2)

Venues renting 128.9 128.9 63.8 63.8 1st quarter 55.6 55.6 32.3 32.3 2nd quarter 42.9 42.9 19.8 19.8 3rd quarter 30.4 30.4 11.7 11.7

Services 68.3 68.3 26.0 26.0 1st quarter 30.0 30.0 13.9 13.9 2nd quarter 24.5 24.5 8.2 8.2 3rd quarter 13.8 13.8 3.9 3.9

Exhibition Organisation 60.3 60.3 1st quarter 47.7 47.7 2nd quarter 4.8 4.8 3rd quarter 7.8 7.8

Miscellaneous 43.1 43.1 31.3 31.3 1st quarter 11.2 11.2 9.4 9.4 2nd quarter 19.5 19.5 10 10.0 3rd quarter 12.4 12.4 11.9 11.9

Total 614.8 533.5 1 148.3 501.1 172.0 673.1

(1) The entry of Rodamco in the scope of consolidation was effective on July 1, 2007 and had only an impact on the turnover of the third quarter of 2007. (2) The turnover of the Conventions & Exhibitions activities includes in 2008 the turnover realized on the sites of the "Chambre de Commerces de Paris". The exhibition organisation entities are consolidated under the equity method since January 1, 2008.

Turnover of the parent company (Unibail-Rodamco SA)

(€ Mn excluding VAT) 2008 2007 1st quarter 10.6 13.8 2nd quarter 11.0 8.8 3rd quarter 11.2 5.7 Total 32.8 28.3



II. Gross rental income of the first three quarters 2008 broken down into (in € Mn):

* Shopping centres

* France 340.1 * Spain 79.2 * Netherland / Belgium 137.3 * Nordic 88.8 * Central Europe 84.6

* Offices

* France 130.9 * Other regions 47.1

* Convention & Exhibition (France) 197.2

III. Major events of third quarter 2008

On July 21st, 2008, Unibail Rodamco has acquired two shopping centres in Spain for a total amount of €434 Mn. -- 59,330 square meter in "La Maquinista", a 71,570 square meter shopping centre located in the inner-city of Barcelona. The centre, with some 15 million annual visits, is anchored by strong international retail chains. -- "Habaneras", a 24,086 square meter shopping centre located in Torrevieja which is a highly popular tourist destination with a strong catchment area. The agreement with the seller, Metrovacesa, includes an additional €28.5 Mn for 17,800 square meter extension at "La Maquinista" which is subject to building permits.

Several office buildings which were under sale promise have been effectively disposed of during the third quarter: -- Three in France for a total amount of €148 Mn. -- One in The Netherlands for a net disposal price of €59 Mn. -- One in Ukraine for €32 Mn.

On July 15th, the annual dividend (€7.00 per share) has been paid after deduction of the 3 interim dividends paid in Oct-2007, Jan-2008 and Apr-2008 (€1.70 each), resulting in a final dividend of €1.90.

For further information, please contact:

Media Relations Investors Relations Arie Bos Fabrice Mouchel +31 20 658 25 00 +33 1 53 43 73 03

Maxence Naouri +33 1 53 43 75 47

www.unibail-rodamco.com

--- End of Message ---

Unibail-Rodamco P.O. Box 75600 Schiphol Netherlands

ISIN: FR0000124711; Listed: Compartment A (Large Caps) in EURONEXT AMSTERDAM;



LINK: http://hugin.info/136618/R/1258993/275187.pdf

Unibail-Rodamco

http://www.unibail-rodamco.com/unibailrodamco/do/Accueil

ISIN: FR0000124711

Stock Identifier: XAMS.ULA

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