NSI N.V.

AGM Information • Oct 10, 2011

PRESS RELEASE

NSI's shareholders approve proposed merger with VastNed Offices/Industrial

Hoofddorp, 7 October 2011 – Nieuwe Steen Investments N.V. (NSI) announces that an overwhelming majority of its shareholders represented at the Extraordinary General Meeting of Shareholders (EGM) held earlier today voted in favour of the proposed merger with VastNed Offices/Industrial N.V. (VastNed O/I). Additionally, the shareholders approved certain proposed changes in the articles of association of NSI to be effectuated upon the merger.

Johan Buijs, CEO of NSI: "We are encouraged by the strong support of our shareholders to pursue the merger with VastNed O/I. We are now looking forward to manage this new leading Dutch mixed real estate company with a well-balanced portfolio of approximately € 2.3 billion, mainly in offices and retail, allowing us to effectuate the potential of our combined portfolio and benefit from it's advantages of scale."

COMPLETION

With the approval from NSI's shareholders now having been obtained, the main conditions for completion have been fulfilled. NSI and VastNed O/I expect to complete the merger on 14 October 2011 in accordance with the indicative timetable below. Except for unforeseen circumstances, the last trading day of the VastNed O/I shares will me on Monday 10 October.

Expected date	Event
Monday 10 Oct 2011	Last trading day of the VastNed O/I shares
Tuesday 11 Oct 2011	Listing of the shares of VastNed O/I on Euronext Amsterdam indefinitely suspended
Thursday 13 Oct 2011	Record date of ordinary shares of VastNed O/I
	Subject to fulfilment of all conditions to completion, execution of the Notarial Deed of Demerger
Friday 14 Oct 2011	Completion: NSI allots to each VastNed O/I Shareholder 0.897 New NSI ordinary share and one warrant for each VastNed O/I ordinary share held by it at close of business on the record date
	Settlement date; admission to trading of the new NSI ordinary shares

NSI PROFILE

NSI aims to create a sustainable and increasing return for private and institutional investors by investing in high quality offices and retail that offer tenants business accommodation that enables them to run their businesses successfully. NSI achieves this by investing in offices and retail in high-quality locations in the Netherlands and Switzerland. NSI is a publicly listed closed-end real estate investment company with a variable capital, and currently manages invested assets of around €1.4 billion. After the merger with VastNed O/I, the invested assets will amount to approximately €2.3 billion.

INVESTOR RELATIONS / PRESS CONTACTS

For further information please contact: Frank Gerards T: +31 (0) 20 76 30 300 / +31 (0) 6 518 57991 E: frank.gerards@nsi.nl W: www.nsi.nl