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 interim dividend for the six months ended 30 June 2019, either as a cash dividend or as a return of capital, the last of which was released on 1 October 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, 9 October 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 ZAR118.2810. For shareholders on the European register, this gross value is EUR7.1255, being the aforementioned Rand value converted to Euro at the exchange rate of EUR 1.00:ZAR 16.5997 as announced on Tuesday, 1 October 2019. The salient dates and times announced on Friday, 20 September 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 Java Capital +27 11 722 3050 Euronext Listing Agent ING Bank +31 20 563 6685 Media Relations +44 20 7404 5959 Brunswick Group +27 11 502 73 00 nepirockcastle@brunswick.com 10 October 2019 Date: 10/10/2019 10:45:00 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.