EPP N.V. - Acquisition of Marcelin Shopping Centre, Poznan

Release Date: 31/07/2018 12:40
Code(s): EPP
 
Wrap Text
Acquisition of Marcelin Shopping Centre, Poznan

EPP N.V.
(formerly Echo Polska Properties N.V.)
(Incorporated in The Netherlands)
(Company number 64965945)
JSE share code: EPP
ISIN: NL0011983374
LEI Code: 7245003P7O9N5BN8C098
("EPP")


ACQUISITION OF MARCELIN SHOPPING CENTRE, POZNAN


Shareholders are referred to the announcement released on 29 May 2018, wherein they were advised of the conclusion of a
preliminary acquisition agreement in terms of which EPP would acquire King Cross Marcelin Shopping Centre in Poznan,
Poland (the "King Cross Marcelin acquisition").

Shareholders are advised that all outstanding conditions precedent have now been fulfilled and the King Cross Marcelin
acquisition was accordingly completed today, 31 July 2018.

"Poznan will give us access to hundreds of thousands of Polish shoppers and Marcelin is ideally suited to cater to their
needs. We look forward to providing them with a great experience," said EPP CEO Hadley Dean.

King Cross Marcelin is the major shopping destination in western Poznan with an immediate catchment of over 202,000
people living within a 15 minutes' drive. The Business Garden Poznan business park, which is directly adjacent to the
property, is currently under construction and is expected to attract an additional 12,000 people daily to the catchment area.
The 45 353m2 centre is 99% let to popular international and national retailers including Media Markt, H&M, Intersport,
CCC and McDonald's.

"While Poznan has several modern shopping centres, Marcelin is dominant in its catchment area with great growth potential.
The development of the Business Garden Office Park should increase the footfall in the centre by 10% once completed.
This, combined with the extension opportunities, means EPP can unlock exceptional value from this project," Dean said.

31 July 2018


JSE Sponsor and corporate advisor
Java Capital

Luxembourg Stock Exchange Listing Agent
M Partners

For more information:

Curwin Rittles, Investor Relations, EPP
Mobile: +48 885 982 310
Curwin.rittles@epp-poland.com

Java Capital, JSE Sponsor
Phone: +27 11 722 3050

M Partners, Luxembourg Stock Exchange Listing Agent
Phone: +352 263 868 602

Singular System IR
Michèle Mackey / Jacques de Bie
+27 (0)10 003 0700 / +27 (0)82 497 9827
michele@singular.co.za / Jdebie@singular.co.za

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