NSI N.V.

Legal Proceedings Report • Nov 26, 2014

PRESS RELEASE

NSI: Court dismisses VEB claims

Hoofddorp, 26 November 2014 –Today the District Court Amsterdam has ruled in the case that VEB (association for private investors) filed against NSI N.V. ("NSI") regarding the November 2013 equity issue, through which NSI raised €300 million of capital with qualified investors. The court dismissed all VEB's claims and awarded litigation costs to NSI.

In November 2013, NSI raised € 300 million through a placement of new shares to a group of qualified investors. With this placement NSI then chose the best available option for the necessary strengthening of the balance sheet. With this placement, NSI acted in the best interest of NSI and all its stakeholders. The placement has resulted in a sustainable and solid financing structure. Prior to the placement, NSI has extensively explored and examined all available alternatives in a conscientious process.

The VEB argued against this placement and solicited the Court for a declaratory judgment that NSI acted unlawfully.

Today the Court rejected the claims of the VEB.

The full text of the Court's ruling is published (in Dutch only) on NSI's website (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 and Belgium. NSI is a publicly listed real estate company, and manages invested assets of around €1.7 billion.

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

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