The predecessor of Budapesti Ingatlan Nyrt. (SZIT/REIT)*, Budapest Ingatlan Ltd. started its operation on January 1, 1994. In 1994 and 1995, the founder phased in 13 properties into the company, and then decided to convert the company into a limited company, which took place on January 31, 1995. The Company’s shares were listed on the Budapest Stock Exchange (“BSE”) on February 16, 1998; presently the shares are being traded on BSE as “Prime” category securities. The BIF Nyrt. (SZIT/REIT)*’s share capital consists of 287,024,440 dematerialized ordinary shares with a face value of HUF 10 per share.

* Budapesti Ingatlan Nyrt. has been considered as a Regulated Real Estate Investment Company according to the Act CII of 2011 on Regulated Real Estate Investment Companies with effect from 31 December 2018 which is the Hungarian counterpart to the REIT-s known from foreign legal systems.