18 Aug - 2 min read

Trading Statement

Trading Statement

NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
Share code: NRP
(“NEPI Rockcastle” or “the Company”)


In the Business Update published on 20 May 2021, NEPI Rockcastle advised that it expected to declare a cash dividend
for the six months ending 30 June 2021.

NEPI Rockcastle’s distributable earnings per share for the six months ended 30 June 2021 (“H1 2021”) are 17.64 euro
cents, being 10.3% lower than the distributable earnings per share for the six months ended 30 June 2020 (“H1 2020”)
of 19.66 euro cents. The decrease is mostly due to the impact of the disposal of the Romanian office portfolio (completed
in August 2020) and higher finance costs, due to maintaining additional liquidity compared to H1 2020. Retail-only Net
Operating Income was 4.4% higher in H1 2021 as compared to H1 2020.

The Company decided not to declare a dividend for H1 2020 but to allot and issue fully paid shares as a capitalisation
issue. For H1 2021, the Board has declared a distribution of 17.64 euro cents per share, which will be paid in cash. This
decision is in line with NEPI Rockcastle’s policy of distributing at least 90% of its distributable earnings, and further
underlines the Board’s confidence in the Company’s strong balance sheet and good performance during the recent

The financial information contained in this trading statement has not been reviewed or reported on by the Company’s
auditors. Further details will be included in NEPI Rockcastle’s financial results for H1 2021, which will be published
on Thursday, 19 August 2021.

For further information please contact:

NEPI Rockcastle plc
Alex Morar/Mirela Covasa                                      +44 1624 654 704

JSE sponsor
Java Capital                                                  +27 11 722 3050

Euronext Listing Agent
ING Bank                                                      +31 20 563 6685

Media Relations                                               mediarelations@nepirockcastle.com

18 August 2021

Date: 18-08-2021 05:20:00
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