NEPI ROCKCASTLE N.V - Conclusion of succession process and appointment of Chief Executive Officer

Conclusion of succession process and appointment of Chief Executive Officer

NEPI ROCKCASTLE N.V.
Incorporated and registered in the Netherlands
Registered number: 87488329
Share code: NRP
ISIN: NL0015000RT3
("NEPI Rockcastle" or the "Company" or the "Group")


CONCLUSION OF SUCCESSION PROCESS AND APPOINTMENT OF CHIEF EXECUTIVE OFFICER


Shareholders are advised that the Board has concluded the previously announced CEO succession process and has
appointed Mr. Marek Noetzel as Chief Executive Officer ("CEO") of NEPI Rockcastle, with effect from 1 April 2026.
As announced on 5 June 2025, Mr. Rudiger Dany's mandate as CEO will conclude on 31 March 2026.

Mr. Noetzel was confirmed as the company's permanent Chief Operating Officer ("COO") in June 2022 and is
responsible for its operations across 60 properties in eight countries in Central and Eastern Europe, where NEPI
Rockcastle is also the largest owner, operator and developer of shopping centres in the region.

Mr. Noetzel will succeed NEPI Rockcastle's current CEO, Rudiger Dany. During his four- year mandate, Rudiger Dany
has made a significant contribution to the Group, particularly in driving growth through transformational acquisitions,
enhancing the balance sheet, and delivering consistent year-on-year returns (with a rise in the distributable earnings per
share of 75% from 34.42 euro cents at the beginning of his mandate to 60.17 euro cents in 2024).

Marek Noetzel joined Rockcastle Global Real Estate in 2016, establishing the company's offices in Poland and
expanding its activities abroad. In 2017, Rockcastle's portfolio in Poland and Czechia merged with NEPI, which had
assets in Romania, Slovakia, Serbia and Czechia. At NEPI Rockcastle, Mr. Noetzel held positions as a Board Member
and Director of Retail in Poland before becoming COO in 2022. Prior to this, he was Polish Head of Retail at Cushman
and Wakefield.

As COO, he has been responsible for directing a disciplined occupancy strategy and leasing operations, underpinning
the company's tenant-led growth, as well as supporting key acquisitions in Poland. Under his mandate, NEPI Rockcastle
has implemented a programme of over EUR1 billion in acquisitions, strategic developments and active asset
management, which has supported strong net operating income growth and distributable earnings for investors, leading
to record financial results in 2024.

George Aase, NEPI Rockcastle Chairman, said: "We are delighted that after a rigorous and transparent international
search and assessment process among a very strong field of candidates, the NEPI Rockcastle Board has decided Marek
is the best qualified to lead the company in the next stage of its growth story. He demonstrated to the Nomination
Committee that he possesses the exceptional attributes we need in a CEO to maintain continuity of strong and innovative
leadership for the business. Marek brings unrivalled knowledge of the Company's operations and has been instrumental
in its growth through portfolio optimisation, new acquisitions and developments. The Board would also like to thank
Rudiger for his outstanding tenure as CEO, which has seen the Company go from strength to strength."

Rudiger Dany, NEPI Rockcastle CEO, said: "I'm very proud that NEPI Rockcastle's Board has selected an internal
candidate, Marek Noetzel, as new CEO. Marek has played a pivotal role within the outstanding senior management
team that has delivered the Company's industry-leading performance in the past four years. This appointment is a
recognition of NEPI Rockcastle's culture of developing leadership talent across all our operations and rewarding the
best people for innovation and entrepreneurship."


For further information please contact:

NEPI Rockcastle N.V.
Rudiger Dany/Eliza Predoiu                                        +31 20 237 4770

JSE sponsor
Java Capital                                                      +27 (0)78 456 9999

Euronext Listing Agent
ING Bank                                                          +31 20 563 6685

Media Relations                                                   mediarelations@nepirockcastle.com

6 November 2025

Date: 06-11-2025 10:00:00
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