Tender offer launch announcement 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”) TENDER OFFER LAUNCH ANNOUNCEMENT NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR TO ANY U.S. PERSON OR TO ANY PERSON LOCATED IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THE TENDER OFFER MEMORANDUM NEPI Rockcastle, announces a tender offer addressed to holders of the outstanding €400,000,000 3.750 per cent. Guaranteed Notes due 26 February 2021 (ISIN: XS1325078308) (the "Notes") issued by the Offeror and guaranteed by the Company to tender their Notes for purchase by the NE Property BV (the “Offeror”) for cash. The Offeror today announces its invitation to holders of the Notes (the "Noteholders") to tender their Notes for purchase by the Offeror for cash (the "Offer") at the Purchase Price subject to the terms and conditions contained in the Tender Offer Memorandum (as defined below). The Offeror proposes to accept for purchase pursuant to the Offer an aggregate nominal amount of Notes of up to €200,000,000 (or such greater or lesser amount as the Offeror may determine, in its sole and absolute discretion) (the "Maximum Acceptance Amount"). The Offer is being made on the terms, and subject to the conditions, contained in the tender offer memorandum dated 27 September 2019 (the "Tender Offer Memorandum") prepared by the Offeror, and is subject to the offer and distribution restrictions set out below and as more fully described in the Tender Offer Memorandum. The full version of the announcement is available on the Irish Stock Exchange website at link: https://www.ise.ie/app/announcementDetails.aspx?ID=14244703. For further information please contact: NEPI Rockcastle plc Mirela Covasa +40 21 232 1398 JSE sponsor Java Capital +27 11 722 3050 Euronext Listing Agent ING Bank +31 20 57 67 261 Media Relations Brunswick Group +44 20 7404 5959 +27 11 502 7300 nepirockcastle@brunswickgroup.com 27 September 2019 Date: 27/09/2019 11:55:00 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.