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EPP N.V. - Covid-19 Update - Polish government re-opens shopping centres

Release Date: 30/04/2020 10:15
Code(s): EPP     PDF:  
 
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Covid-19 Update - Polish government re-opens shopping centres

EPP N.V.
(Incorporated in The Netherlands)
(Company number 64965945)
JSE share code: EPP
ISIN: NL0011983374
LEI Code: 7245003P7O9N5BN8C098
(“EPP” or “the Company”)


COVID-19 UPDATE – POLISH GOVERNMENT RE-OPENS SHOPPING CENTRES

Shareholders are referred to the previous announcements released on SENS and published on the Luxembourg
Stock Exchange (“LuxSE”) website on 16 March 2020 and 23 March 2020 in response to the impact of the
COVID-19 pandemic and the trading restrictions placed on Polish shopping centers and retail locations.

Shareholders are advised that the Polish Government has announced the lifting of trading restrictions on all Polish
shopping centers and retail locations measuring over 2,000 sqm of retail space effective from 4 May 2020. The
principles regarding social distancing will remain in place which include wearing a face mask and maintaining
social distancing when in public spaces. Restaurants will be permitted to re-open to provide take-away food only.
Entertainment facilities will however remain closed as the government continues to monitor the situation.

EPP will ensure that all shopping centers in our portfolio adhere to the strict social distancing and hygiene
requirements for shoppers, tenants and employees as outlined by the Polish Government.

EPP believes that the quick and efficient response by the Polish Government at the beginning of March to the
pandemic has allowed for the re-opening of shopping centers as promptly as possible. The re-opening is in line
with the recent easing of restrictions by many European governments, but quicker than expected in Poland
considering the Polish Governments earlier plans published last week. This is good news for the Polish retail
market, which will be able to revert to trading quicker than previously expected.

EPP continues engaging proactively with its tenants, lenders and other business partners to agree on mutually
acceptable solutions during this challenging period. Furthermore, EPP continues to engage with government
regarding the various available financial support schemes. Due to the complexity of these financial support
schemes engagements have been protracted and any impact arising from these engagements will be
communicated once a definitive position is achieved.

The board of directors continues to monitor the impact of COVID-19 on the Company’s operations and its
financial position and will communicate updates as events unfold.

30 April 2020

JSE Sponsor
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 / Jacques de Bie
+27 (0)10 003 0700/+27 (0)82 497 9827
michele@singular.co.za / Jdebie@singular.co.za

Date: 30-04-2020 10:15:00
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