Management succession: appointment of permanent CEO and CFO; appointment of COO NEPI ROCKCASTLE S.A. (formerly NEPI Rockcastle PLC) Societe Anonyme 7B, rue de Bonnevoie, L-1260 Luxembourg Grand Duchy of Luxembourg Registration number: B267528 Share code: NRP ISIN: IM00BDD7WV31 ("NEPI Rockcastle" or the "Company") MANAGEMENT SUCCESSION: APPOINTMENT OF PERMANENT CEO AND CFO; APPOINTMENT OF COO NEPI Rockcastle's board of directors (the "Board") is pleased to announce that Rüdiger Dany (interim Chief Executive Officer ("CEO")) and Eliza Predoiu* (interim Chief Financial Officer ("CFO")) have been confirmed in their respective roles on a permanent basis. Their appointment as permanent CEO and CFO, respectively, is effective from 1 June 2022. The Board has also appointed Marek Noetzel, an Executive Director of the Company, as Chief Operations Officer ("COO"), effective from 1 June 2022. Mr. Noetzel has been active on the Polish retail real estate market since 2002, joined Rockcastle Global Real Estate in 2016 and was appointed as Executive Director of NEPI Rockcastle on 15 May 2017. In his current role he has been responsible for the asset management of Company's properties in Poland, Hungary, Slovakia, Czech Republic and Lithuania. George Aase (Chairman) said: "Rudiger and Eliza have already proven themselves as competent Executive Directors of NEPI Rockcastle. Their confirmation as permanent CEO and CFO comes as a natural acknowledgement of their hard work, dedication and expertise in managing the Company's affairs. Marek's appointment as COO is a recognition of his great work as Executive Director in charge of a significant part of NEPI Rockcastle's portfolio. I am confident that all three will continue to excel in delivering great results for the Company's stakeholders." * As approved by shareholders at the extraordinary general meeting held in Luxembourg on 10 May 2022, Ms Predoiu's current term of office as an Executive Director of NEPI Rockcastle ends on 31 August 2022. At the Company's annual general meeting to be held in Luxembourg, in respect of which a revised notice of annual general meeting will be issued in due course, the Board will propose her appointment as an Executive Director with effect from 30 June 2022 and for a term of office ending after the annual general meeting approving the annual accounts of the Company for the financial year ending 31 December 2025 (subject to retirement by rotation). For further information please contact: NEPI ROCKCASTLE S.A. Rudiger Dany/Eliza Predoiu +40 21 232 13 98 JSE sponsor Java Capital +27 11 722 3050 Euronext Listing Agent ING Bank +31 20 563 6685 Media Relations mediarelations@nepirockcastle.com 27 May 2022 Date: 27-05-2022 05:00:00 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.