Notice of early redemption of €400,000,000 3.750 percent guaranteed notes NEPI Rockcastle plc Incorporated and registered in the Isle of Man Registered number 014178V Share code: NRP ISIN: IM00BDD7WV31 (“NEPI Rockcastle” or “the group”) NOTICE OF EARLY REDEMPTION OF €400,000,000 3.750 PERCENT GUARANTEED NOTES NEPI Rockcastle’s wholly-owned subsidiary, NE Property BV (“the Issuer”), has given notice to the holders of the €400,000,000 3.750 percent Guaranteed Notes, due 26 February 2021, (ISIN: XS1325078308) (the "Notes") that all of the presently outstanding Notes (€197,800,000 in aggregate principal amount being outstanding as of the date of the notice), will be redeemed by the Issuer on 21 January 2020 pursuant to, and in accordance with, Condition 6(c) (Redemption and Purchase – Make-whole call) of the Conditions of the Notes. The redemption of the Notes forms part of NEPI Rockcastle’s active liability management strategy, which focuses on improving NEPI Rockcastle’s cost of capital and extending its debt maturity profile. The redemption of the Notes is supported by the comfortable liquidity position of the group. The full version of the announcement is available on the Euronext Dublin website at link: https://direct.euronext.com/AnnouncementRNSDetails.aspx?id=14356153 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 20 563 6685 Media Relations +44 20 7404 5959 Brunswick Group +27 11 502 73 00 nepirockcastle@brunswick.com 19 December 2019 Date: 19-12-2019 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.