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NEPI ROCKCASTLE PLC - Covid-19 update

Release Date: 01/04/2020 13:15
Code(s): NRP     PDF:  
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Covid-19 update

NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
Share code: NRP
ISIN: IM00BDD7WV31
(“NEPI Rockcastle” or “the Company”)


COVID-19 UPDATE


Subsequent to NEPI Rockcastle’s updates concerning the impact of the COVID-19 on its operations, dated
17 March 2020 and 23 March 2020, there have been significant developments around the COVID-19 situation.
As governments, national authorities and companies continue to implement rigorous measures, there is a high
degree of uncertainty about the impact of this on the Group’s operations. As a result, NEPI Rockcastle withdraws
its earnings guidance for 2020 and expects to provide an update when the Group will be in a position to estimate
the effects of the current situation reliably.
NEPI Rockcastle is committed to maintaining its conservative gearing level and a robust liquidity. At this stage,
NEPI Rockcastle is actively implementing various measures focused on achieving the most suitable allocation of
capital, including:

- reducing non-critical operating expenses;
- deferring non-committed development projects and non-essential capital expenditure; and
- utilising any relevant facilities provided by national authorities to assist companies in the current context.

The Group continues to assess the situation and will provide further updates when appropriate.


For further information please contact:

NEPI Rockcastle plc
Alex Morar                                                          + 40 21 232 1398


JSE sponsor
Java Capital                                                        +27 11 722 3050


Euronext Listing Agent
ING Bank                                                            +31 20 563 6855


Media Relations
Brunswick Group                                                     +44 20 7404 5959
                                                                    +27 11 502 7300
                                                                    nepirockcastle@brunswick.com


1 April 2020

Date: 01-04-2020 01:15:00
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