Xior acquires 90.3% of the shares and 100% of the convertible bonds of Quares Student Housing pursuant to the previously announced reference transfer and its voluntary and conditional public offer in cash

Following the conclusion of the acceptance period for the voluntary and conditional public offer in cash for Quares Student Housing, Xior announces that 2,099 shares and 42 convertible bonds of Quares Student Housing have been tendered in the offer (being respectively 85.67% and 100% of the number of shares and convertible bonds to which the offer applies). Xior also states that all the conditions of the offer have been met.

As announced in the press release of 11 October 2021, Xior has already entered into a binding agreement regarding the acquisition of 1,170 shares of Quares Student Housing. Pursuant to the offer and together with the shares that are the subject of this reference transfer, Xior will acquire 90.3% of the shares in Quares Student Housing and 100% of the convertible bonds issued by Quares Student Housing.

It is the intention to exercise the follow-on obligation (as provided for in article 8 of the articles of association of Quares Student Housing and described in the prospectus accompanying the offer) and thus to allow Xior to acquire 100% of the shares of Quares Student Housing.

Payment of the shares and convertible bonds will take place on 28 December 2021.

Find the full press release in the PDF file added below.
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_{For more information, please contact:}

_{Xior Student Housing NV
Mechelsesteenweg 34, box 108
2018 Antwerp
www.xior.be}

_{Xior Investor Relations
Sandra Aznar
Head of Investor Relations
ir@xior.be
T +32 3 257 04 89}

_{Christian Teunissen, CEO
Frederik Snauwaert, CFO
info@xior.be
T +32 3 257 04 89}