NEPI ROCKCASTLE PLC - Changes to the board of directors

Changes to the board of directors

NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
Share code: NRP
ISIN: IM00BDD7WV31
(“NEPI Rockcastle” or “the Company”)


CHANGES TO THE BOARD OF DIRECTORS


The Company announces that following a proposal received from Fortress REIT Limited, and the subsequent
proposal of the Nomination Committee, the Company has decided to implement the following changes to its
Board of Directors (“Board”), effective as of 28 April 2020:
    - Mr Sipho Vuso Majija has terminated his appointment as a non-independent, non-executive director;
    - The Board has approved the appointment of Mr Steven Brown as a non-independent, non-executive
      director of the Company; and
    - The Board has approved the appointment of Mr Sipho Vuso Majija to act as an alternate director to Mr
      Steven Brown.

Mr Steven Brown will also serve as a member of the following committees of the board: Investment Committee,
Risk Committee and Social and Ethics Committee.

Mr Brown has a strong background within the property industry, commencing as a listed property analyst in 2008
for Corovest. Following this, he joined Standard Bank’s Global Markets division in the equity derivatives finance
team and thereafter joined the South African real estate division focusing on structured lending and equity
transactions. Since 2013, Mr Brown has been involved with a number of listed real estate companies focusing on
deal origination and structuring. Mr Brown currently acts as Chief Executive Officer and Managing Director of
Fortress REIT Limited, a company that he joined in December 2015, following the acquisition by Fortress REIT
Limited of Capital Property Fund.

NEPI Rockcastle welcomes Mr Brown to the Board.

For further information please contact:

NEPI Rockcastle plc
Alex Morar                                                       + 40 21 232 1398


JSE sponsor
Java Capital                                                     +27 11 722 3050


Euronext Listing Agent
ING Bank                                                         ++31 20 5636553


Media Relations                                                  office@nepirockcastle.com



28 April 2020

Date: 28-04-2020 11:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.