Fitch affirms NEPI Rockcastle’s BBB Long-Term Corporate Credit Rating NEPI Rockcastle plc Incorporated and registered in the Isle of Man Registered number 014178V JSE and Euronext share code: NRP ISIN: IM00BDD7WV31 ("NEPI Rockcastle" or "the Company") FITCH AFFIRMS NEPI ROCKCASTLE'S BBB LONG-TERM CORPORATE CREDIT RATING Fitch Ratings ("Fitch") has affirmed NEPI Rockcastle's Long-Term Corporate Credit Rating and senior unsecured rating at 'BBB' with a Stable Outlook. The ratings reflect the group's expanding retail portfolio of dominant shopping centres in large and medium-sized urban conglomerations across Central and Eastern Europe (CEE). Fitch underlines that, despite rapid growth, the Company has maintained a conservative financial profile with good liquidity and a high degree of financial flexibility. In addition, Fitch emphasizes that the group's expansion is steadily reducing asset concentration and continues to increase geographic diversification into higher-rated countries, which positively impacts on its credit rating assessment. The Stable Outlook reflects the rating agency's expectations that NEPI Rockcastle will continue its expansion and effectively integrate the properties acquired into the existing portfolio, while maintaining its strong operational and financial profile. The report issued by Fitch is available on the Company's website, http://nepirockcastle.com/wp- content/uploads/2018/11/Fitch-Affirms-NEPI-Rockcastle%E2%80%99s-BBB-Credit-Rating.pdf. This announcement is for information purposes only. For further information please contact: NEPI Rockcastle plc Mirela Covasa +40 721 371 100 JSE sponsor Java Capital +27 11 722 3050 Euronext Listing Agent ING Bank +31 20 563 6799 Media Relations NEPI@brunswickgroup.com Brunswick Group LLP +44 20 7404 5959 1 November 2018 Date: 01/11/2018 12:00:00 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.