Update regarding acquisition of tranche 2 of the M1 portfolio EPP N.V. (Incorporated in The Netherlands) (Company number 64965945) JSE share code: EPP ISIN: NL0011983374 LEI Code: 7245003P7O9N5BN8C098 ("EPP") UPDATE REGARDING ACQUISITION OF TRANCHE 2 OF THE M1 PORTFOLIO Shareholders are referred to the announcements issued by EPP on 11 October 2017, 4 December 2017 and 4 January 2018 wherein shareholders were advised that EPP had reached agreement to acquire a portfolio of retail properties (being the M1 portfolio) for a combined consideration that valued the aggregate portfolio at EUR692.1 million, which transaction was to be implemented in three separate tranches. The first tranche was completed on 4 January 2018. With reference to the announcement issued on 4 December 2017, EPP advises that the composition of the properties comprising the second tranche (the "Second Tranche Acquisition") has been consensually amended from six properties with a GLA of 184 000 m2 for an aggregate value of EUR222.5 million and purchase consideration of EUR75.2 million to four properties with a GLA of 141 000 m2 for an aggregate value of EUR224 million and aggregate purchase consideration (to be discharged in cash) of EUR110 million. The Second Tranche Acquisition now comprises the properties known as M1 Radom, M1 Bytom, M1 Czestochowa and M1 Poznan. Shareholders are advised that the conditions precedent for the Second Tranche Acquisition have now been fulfilled and, accordingly, the Second Tranche Acquisition completed on 27 June 2019. 27 June 2019 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, Investor Relations South Africa Michele Mackey / Jacques de Bie +27 (0)10 003 0700 / +27 (0)82 497 9827 michele@singular.co.za / Jdebie@singular.co.za Date: 27/06/2019 12:00:00 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.