NEPI ROCKCASTLE PLC - Cash payment in respect of fractional entitlements

Cash payment in respect of fractional entitlements

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")


CASH PAYMENT IN RESPECT OF FRACTIONAL ENTITLEMENTS


Shareholders are referred to previous announcements relating to the election to receive the final dividend for the year ended
31 December 2018, either as a cash dividend or as a return of capital, the last of which was released on 9 April 2019.

Where a shareholder elects to receive the return of capital by way of an issue of new NEPI Rockcastle shares, any entitlement 
to receive a fraction of a NEPI Rockcastle share will be rounded down to the nearest whole number, with a cash payment ("cash
payment") made to the relevant shareholder in respect of the fraction.

The value of a NEPI Rockcastle share to be utilised in determining the cash payment due to shareholders has been determined 
with reference to the volume weighted average traded price of a NEPI Rockcastle share on the JSE on Wednesday, 10 April 2019,
discounted by 10%. On this basis, shareholders are advised that the gross value of a NEPI Rockcastle share to be utilised in
determining the cash payment due to shareholders is ZAR 107.25539. For shareholders on the European register, this gross 
value is EUR 6.74350, being the aforementioned Rand value converted to Euro at the exchange rate of EUR1.00:ZAR 15.9050 
announced on Tuesday, 9 April 2019.

The receipt of the cash payment may have tax implications for shareholders. For those South African resident shareholders 
receiving the cash payment, such amount may be regarded as a foreign dividend and, if it is, may be subject to South African 
dividends tax at a rate of 20%, unless an exemption as set out in the South African Income Tax legislation applies. For 
shareholders liable to pay dividends tax at the rate of 20%, the net value of a NEPI Rockcastle share to be utilised in 
determining the cash payment due to shareholders is ZAR 85.80431.

The salient dates and times announced on Thursday, 14 March 2019 remain unchanged.

NEPI Rockcastle has a dual primary listing on the Main Board of the JSE and on Euronext Amsterdam.

NEPI Rockcastle plc
Mirela Covasa                                                              +40 21 232 1398

JSE sponsor
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Euronext Listing Agent
ING Bank                                                                   +31 20 563 6799

Media Relations                                                            +44 20 7404 5959
Brunswick Group                                                            +27 11 502 73 00
                                                                            nepirockcastle@brunswick.com

11 April 2019

Date: 11/04/2019 10:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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