Update on acquisition of tranche 3 of the Metro Portfolio EPP N.V. (Incorporated in The Netherlands) (Company number 64965945) JSE share code: EPP ISIN: NL0011983374 LEI Code: 7245003P7O9N5BN8C098 (“EPP” or “the company”) UPDATE ON ACQUISITION OF TRANCHE 3 OF THE METRO PORTFOLIO Shareholders are referred to the announcements released on SENS and published on the Luxembourg Stock Exchange (“LuxSE”) on: - 4 December 2017 wherein shareholders were advised that EPP would acquire 12 shopping centres consisting of 8 Metro branded shopping centres and 4 Power Parks, with the third tranche of properties (comprising 4 Power Parks situated in Olsztyn, Tychy, Kielce and Opole, with a total GLA of 110 000 m2) (“tranche 3 of the Metro Portfolio”) contractually set to be acquired in June 2020; and - 29 June 2020 wherein shareholders were advised that the closing of the purchase of tranche 3 of the Metro Portfolio was extended until later in 2020. EPP would like to inform shareholders that following constructive negotiations with the seller, Chariot Top Group B.V., the closing of the purchase of tranche 3 of the Metro Portfolio has now been extended to no later than June 2021. In addition, the aggregate purchase consideration for tranche 3 of the Metro Portfolio has been reduced to €106 million. The acquisition of tranche 3 of the Metro Portfolio will be funded from available cash reserves and new debt funding (assumed at an LTV of less than 50%). 20 October 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: 20-10-2020 05:30:00 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.