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NEPI ROCKCASTLE PLC - Update on the acquisition of Serenada and Krokus shopping centres

Release Date: 04/01/2019 17:15
Code(s): NRP     PDF:  
 
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Update on the acquisition of Serenada and Krokus shopping centres

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")


UPDATE ON THE ACQUISITION OF SERENADA AND KROKUS SHOPPING CENTRES


The company refers to the 13 October 2017 announcement that a wholly-owned subsidiary of the company, Tuvalu
sp.z.o.o, had entered into an agreement to acquire Serenada and Krokus shopping centres, both located in Krakow, Poland
(the "acquisition"). The acquisition was subject to fulfilment of conditions precedent and conclusion of a final purchase
agreement.

The company advises that the remaining conditions precedent to the acquisition (including receipt of certain of the
required regulatory approvals and the waiver of a right of first refusal) were not fulfilled by 31 December 2018, pursuant
to which the agreement has been terminated.

The company reconfirms the earnings guidance previously provided in respect of the growth in distribution per share in
2018 compared to 2017.


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                                              nepirockcastle@brunswickgroup.com

JSE sponsor
Java Capital                                                 +27 11 722 3050

Euronext Listing Agent
ING Bank                                                     +31 20 563 6799

4 January 2019

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