June 17, 2009: Payment of Mercialys Final Dividend in Shares and Cash

67.5% of Mercialys final dividend will be paid in shares: issuance of 1,195,975
new shares

PARIS--(Business Wire)--
Regulatory News:

Mercialys Annual General Meeting held on May 19, 2009 decided to raise the
dividend in respect of 2008 to Euro 0.88 per share. After deducting the interim
dividend of Euro 0.40 per share paid on October 6, 2008, the final dividend that
will be paid on June 17, 2009 represents an amount of Euro 0.48 per share.

The Annual General Meeting also decided to grant each shareholder the option of
payment of the final dividend for 2008 in shares or in cash, with a subscription
price set at Euro 20.36 for the new shares issued for the payment of the final
dividend in shares.

67.5% of the capital elected for the payment of the final dividend in shares.
1,195,975 new shares will be issued and listed on Euronext Paris on June 17,
2009.

The vesting date for those new shares will be January 1, 2009. They will have
the same characteristics as Mercialys ordinary shares.

The final dividend in cash will also be paid on June 17, 2009 for a total amount
of Euro 11,692,007.52.

Change in Mercialys shareholders base after the payment of the final dividend

Based on official information disclosed, Mercialys shareholders base after the
payment of the final dividend is as follows:

Number of shares after PDS(1) % capital
Casino Group 46,076,358 50.89%
Generali (2) 7,373,744 8.14%
AXA (2) 6, 983,996 7.71%
Cardif (2) 4,672,327 5.16%
Rallye (3) 4,415,991 4.88%
Other shareholders 21,015,218 23.21%
90,537,634 100.00%

(1) PDS : Payment of final Dividend in Shares

(2) Based on the latest situation disclosed (09/02/28 - cf Mercialys 2008 Annual
Report)

(3) Situation at June 9, 2009 after Rallye sale of a block of Mercialys shares,
including its direct or indirect shareholders ownership (see Rallye disclosure
regarding ownership threshold dated June 10, 2009)

This press release is available on the www.mercialys.com website

Next publications:

* July 22, 2009 (after market close) 2009 half-year results (press release)
* July 23, 2009 - 2.30 pm 2009 half-year results meeting +
conference call (Fr/Eng)

About Mercialys

Mercialys (Paris:MERY), one of France's leading real estate companies, is solely
active in commercial property. Rental revenue in 2008 came to Euro 116.2 million
and net income, Group share, to Euro 80.9 million. It owns 168 properties with
an estimated value of over Euro 2 billion at December 31, 2008. Mercialys has
benefited from "SIIC" tax status (REIT) since November 1, 2005 and has been
listed on compartment A of Euronext Paris, symbol MERY, since its initial public
offering on October 12, 2005. The number of outstanding shares as at December
31, 2008, was 75,149,959.

This number of outstanding shares was raised to 89,341,659 shares at May 20,
2009 after the acquisition by Mercialys by means of contribution of a portfolio
of assets for a total amount of Euro 334 million.

CAUTIONARY STATEMENT

This press release contains forward-looking statements about future events,
trends, projects or targets.

These forward-looking statements are subject to identified and unidentified
risks and uncertainties that could cause actual results to differ materially
from the results anticipated in the forward-looking statements. Please refer to
the Mercialys shelf registration document available at www.mercialys.com for the
year to December 31, 2006 for more details regarding certain factors, risks and
uncertainties that could affect Mercialys's business.

Mercialys makes no undertaking in any form to publish updates or adjustments to
these forward-looking statements, nor to report new information, new future
events or any other circumstance that might cause these statements to be
revised.

Mercialys
Analyst/investor relations:
Marie-Flore Bachelier, + 33(0)1 53 65 64 44
or
Press relations:
Image7:
Caroline Simon Phélip, + 33(0)1 53 70 74 57
caroline.simon@image7.fr
or
Monique Denoix, + 33(0)1 53 70 74 57
mdenoix@image7.fr

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