NSI N.V.

Board/Management Information • Mar 21, 2016

PRESS RELEASE

Proposed changes in the Management Board and Supervisory Board NSI

- AGM Agenda and annual report 2015 published -

Hoofddorp, 18 March 2016 – NSI N.V. ("NSI") today published the convocation and agenda for the Annual General Meeting of Shareholders as well as the annual report for the year 2015. The agenda includes the proposal for the appointment of two new Supervisory Board members as well as the appointment of Anne de Jong as CIO. In addition NSI announces that, in mutual consultation, Johan Buijs will not be eligible for reappointment as CEO for a new term.

The (second) term of Johan Buijs as CEO ends 31 December 2016. In mutual consultation it has been decided that Mr Buijs will not be eligible for reappointment for a third term. The Supervisory Board would like to thank Mr Buijs for his important contribution to NSI in the past eight years. The Supervisory Board has started the process to find a successor and will provide further information on this during the AGM.

During the AGM the appointment of Mr Harm Meijer as member of the Supervisory Board will be proposed. Mr Meijer is co-founder of investment fund ICAMAP, which holds an interest of 5.3% in NSI. Prior to that he headed the Real Estate Research departments of JP Morgan and ABN AMRO. He has a broad international network of investors and vast international experience in European (listed) real estate.

In addition the appointment of Mrs Karin Koks as Supervisory Board member will be proposed. Mrs Koks has extensive international experience in construction, project development, property and asset management and international management at a globally active asset manager (Aberdeen Asset Management).

Gerard de Greef will resign according to schedule as Supervisory Board member during the AGM . He has not put himself forward for reappointment. Henk Jan van den Bosch will step down later this year in order to avoid exceeding the legally permitted number of supervisory board memberships. Following these changes, the Supervisory Board will once again consist of 5 members.

The AGM will be held on Friday 29 April 2016 at 2.00 pm at HNK The Hague, (Oude Middenweg 17). The agenda and shareholders' circular, the annual report 2015 and the directions are available at the website of NSI (www.nsi.nl).

About NSI

NSI creates - with and for its customers - inspiring environments to meet, work and do business. NSI realises this by investing in offices and retail in attractive, high-quality locations in the Netherlands. NSI is a publicly listed real estate company, and manages invested assets of around €1.2 billion.

For more information NSI N.V. – Eva Lindner T +31 (0)20 763 0300 E eva.lindner@nsi.nl / I www.nsi.nl/