EPP N.V. - Status of EPP delisting circular, operational and financial update and sale of Power Park Opole

Status of EPP delisting circular, operational and financial update and sale of Power Park Opole

EPP N.V.
(Incorporated in The Netherlands)
Official seat (statutaire zetel) in Amsterdam, The Netherlands
(Company number 64965945)
JSE share code: EPP
ISIN: NL0011983374
LEI Code: 7245003P7O9N5BN8C098
(“EPP”)


STATUS OF EPP DELISTING CIRCULAR, OPERATIONAL AND FINANCIAL UPDATE AND SALE OF POWER PARK OPOLE


EPP delisting circular

Shareholders are referred to the detailed announcement issued by EPP on 29 November 2021 and advised that the requisite
JSE approval for the issue of the circular regarding the proposed delisting and Redefine offer has been secured. EPP expects
that the circular will be issued to shareholders on or about 17 December 2021 in order to convene an EPP extraordinary
general meeting on Friday, 21 January 2022 for shareholders to vote on the relevant resolutions.

Operational and financial update

EPP shareholders are informed that EPP will provide an operational and financial update to the market during January 2022,
at least a week prior to the general meeting. The operational and financial update will provide the market with the following
information:

-     the current Polish macro-economic climate and the impact of COVID-19 on EPP and its assets;
-     a high-level operational update including key commercial metrics in respect of, inter alia, turnover and footfall as
      well as tenanting initiatives;
-     management’s outlook on the Polish retail property sector and prospects of EPP;
-     a trading statement in respect of FY2021 distributable earnings;
-     an update on the EPP debt and liquidity position; and
-     updated property valuations as at 31 December 2021.

Disposal of Power Park Opole

Shareholders are further advised that EPP has concluded an agreement to dispose of a Power Park situated in Opole, Poland,
at a market price which represents a small discount to book value, to the German based investment company, Gutenberg
Capital. The transaction is in line with the company’s strategy to dispose of a selected group of assets and is expected to
close in March 2022. Power Park Opole provides around 23,000 m2 and is anchored by Auchan and Media Markt. The
transaction is not categorisable in terms of paragraph 9.5 of the JSE Listings Requirements and is not subject to shareholder
approval.

14 December 2021


JSE Sponsor and corporate advisor
Java Capital

Luxembourg Stock Exchange Listing Agent
Harneys Luxembourg
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

Harneys Luxembourg, Luxembourg Stock Exchange Listing Agent
Phone: +352 27 86 71 02

Singular Systems IR
Michèle Mackey
+27 (0)10 003 0700
michele@singular.co.za

Date: 14-12-2021 05:15:00
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