Sharenet Sites 
Sharenet Sites
Conclusion of a new agreement in respect of the disposal of the Romanian office portfolio
NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
Share code: NRP
ISIN: IM00BDD7WV31
(“NEPI Rockcastle” or “the Company”)
CONCLUSION OF A NEW AGREEMENT IN RESPECT OF THE DISPOSAL OF THE ROMANIAN OFFICE PORTFOLIO
Reference is made to the previous announcements published in respect of the disposal of the Romanian office
portfolio (the “disposal”) by the Company’s wholly-owned subsidiaries NE Property B.V., Ingen Europe B.V. (the
“sellers”) to AFI Europe NV, a wholly-owned subsidiary of AFI Properties Ltd. (“AFI Europe” or the
“purchaser”), the last of which was published on 6 July 2020.
The negotiations between the parties have been successfully concluded, resulting in NEPI Rockcastle entering into
an agreement with AFI Europe on 6 August 2020 to dispose of 100% of the shares in the subsidiaries holding the
Romanian office portfolio (the “new agreement”). In accordance with the provisions of the new agreement, the
completion of the disposal is expected to occur within no more than four months, with the completion date to be
set by the purchaser. The purchaser has paid to the sellers a cash advance of €15 million as guarantee for finalising
the completion. No other conditions precedent are required to be fulfilled.
The terms of the new agreement are substantially in line with the initial agreement (as announced on 17 December
2019), and accordingly, the disposal consideration remains unchanged, with a transaction value of €307 million
and an estimated cash consideration of approximately €290 million, to be adjusted based on the subsidiaries’
financial statements as of the date of completion.
Together with the execution of the new agreement and receipt of the cash advance, the parties have also settled the
arbitration.
For further information please contact:
NEPI Rockcastle plc
Alex Morar/Mirela Covasa +40 21 232 1398
JSE sponsor
Java Capital +27 11 722 3050
Euronext Listing Agent
ING Bank +31 20 563 6685
Media Relations mediarelations@nepirockcastle.com
7 August 2020
Date: 07-08-2020 01:30:00
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