NSI N.V.

Capital/Financing Update • Dec 14, 2012

PRESS RELEASE

NSI completes €122 million refinancing with ABN AMRO - NSI refinanced 56% (€471 million) of its total Dutch outstanding debt during 2012-

HOOFDDORP (the Netherlands), 14 December 2012 – NSI N.V. (NSI) has refinanced its €122 million credit facility with ABN AMRO. The initially in 2013 maturing debt has been extended until July 2016. NSI has now covered 47% of its 2013 maturities.

NSI's CFO Daniël van Dongen comments: "I am pleased that we can announce another significant refinancing arrangement with one of our longstanding financing partners, ABN AMRO. Pro-actively addressing upcoming maturities in order to refinance currently outstanding debt is one of our key priorities. In 2012 we succeeded in refinancing almost 56%, or €471 million out of €847 million, of our total Dutch outstanding debt, which reflects the confidence and support of our financing partners in NSI."

Following the refinancing with ABN AMRO, the average remaining maturity of NSI's outstanding debt developed to 2.3 years.

ABOUT NSI

NSI aims to create a sustainable and increasing return for private and institutional investors by investing in high quality offices and retail locations that offer tenants suitable business accommodation, allowing them to run their businesses successfully. NSI invests in offices and retail in high-quality locations in the Netherlands and Belgium. NSI is a publicly listed closed-end real estate investment company with a variable capital, and manages assets of around €2.2 billion.

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Investor relations / media relations

NSI N.V. Eva Lindner Tel: +31 20 76 30 300 / +31 6 35 11 22 18 Email: eva.lindner@nsi.nl Internet: www.nsi.nl