NEPI Rockcastle N.V. — Earnings Release 2021

Feb 2, 2021

COVID-19 UPDATE: 85% OF THE GROSS LEASABLE AREA REMAINS OPERATIONAL AT THE BEGINNING OF FEBRUARY

NEPI Rockcastle provided a pre-closing update on 22 December 2020, including an overview of the trading restrictions adopted in some of the CEE countries in which the Group operates and their impact on the Group's activity. Since that date, Governments reassessed the adopted restrictions, as follows:

• in Poland, non-essential stores in retail locations measuring over 2,000 m² reopened on 1 February 2021, while other restrictions will remain in place for at least another two weeks. Food courts, restaurants and entertainment tenants (including cinemas) are closed, while indoor restaurants (including food court tenants) operate only for take away orders and deliveries. The remaining restrictions affect approximately 2% of the Group's GLA.

• in Bulgaria, the restrictions imposed on non-essential stores at the end of November 2020 ceased on 1 February 2021. Food courts, restaurants and entertainment tenants (including cinemas) are closed, while indoor restaurants (including food court tenants) operate only for take away orders and deliveries. The remaining restrictions affect less than 1% of the Group's GLA.

• in Romania, food courts, restaurants and entertainment tenants (including cinemas and casino), are able to operate at limited capacity (30% or 50%) in all the Group's shopping centres, except for these retail categories located in Timisoara. The above-mentioned retail categories continue to be subject to temporary closure in regions where the number of infections has exceeded 3 cases/1,000 inhabitants in the previous 14 days. All the other retail categories are operating with the exceptions of kids' playgrounds. The ongoing restrictions impact less than 1% of the Group's GLA.

• in Hungary, Croatia and Serbia, the restrictions and social distancing measures in place relate to trading ban or reduced capacity for cinemas, restaurants and other entertainment facilities and reduced working hours for all stores. These restrictions affect approximately 1% of the Group's operational GLA.

• in Lithuania, Czech Republic and Slovakia, the restrictions which started mid-December 2020 have been extended (until the end of February 2021 for Lithuania and until a later date, not yet communicated, for Slovakia and Czech Republic).The imposed restrictions in the three countries affect approximately 10% of the Group's GLA (3% of the Group's GLA affected in Lithuania, 5% of the Group's GLA affected in Slovakia, 2% of the Group's GLA affected in Czech Republic).

From late December 2020, the CEE governments have started immunising their population against COVID-19, with the pace of vaccination expected to accelerate in the upcoming months.

The safety and wellbeing of the Group's customers, employees and partners, remains NEPI Rockcastle's

priority. The business continues to apply extensive safety measures across the portfolio, to ensure customers can securely access retail and other services.

For further information please contact:

NEPI Rockcastle plc
Mirela Covasa	+40 21 232 1398
JSE sponsor
Java Capital	+27 11 722 3050
Euronext Listing Agent
ING Bank	+31 20 563 6685
Media Relations	mediarelations@nepirockcastle.com

1 February 2021