CANCELLATION OF S408623 Fitch confirms that Viceroy report is neutral to NEPI Rockcastle’s 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 CONFIRMS THAT VICEROY REPORT IS NEUTRAL TO NEPI ROCKCASTLE'S RATING Following S&P Global Ratings' confirmation of NEPI Rockcastle's BBB/Stable/-- rating in response to the publication of a report on NEPI Rockcastle by Viceroy Research (the "Viceroy Report"), Fitch Ratings ("Fitch") on 4 December 2018 confirmed that it views the allegations in the Viceroy Report as unsubstantiated and therefore neutral to the Company's BBB/stable rating. Referencing its 31 October 2018 affirmation of NEPI Rockcastle's ratings, Fitch notes: "Despite rapid growth, the company has maintained a conservative financial profile with sound liquidity and a high degree of financial flexibility […]. The Stable Outlook reflects our expectations that NEPI Rockcastle will continue its expansion, while maintaining its conservative financial profile, by funding through a combination of debt and equity." The complete text of the Fitch announcement can be accessed at https://nepirockcastle.com/wp- content/uploads/2018/01/fitch-credit-rating-nov-2017.pdf. For further information please contact: NEPI Rockcastle plc Alex Morar +40 21 232 1398 Media relations +44 20 7404 5959 / + 27 11 502 7300 Brunswick Group LLP NEPI@brunswickgroup.com JSE sponsor Java Capital +27 11 722 3050 Euronext Listing Agent ING Bank +31 20 563 6799 5 December 2018 Date: 05/12/2018 11:24:59 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.
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