NEPI Historical Announcement

Aupark Zilina Acquisition

6 August 2013

In addition to a number of other acquisitions disclosed in the Company’s half-yearly report for the six months ended 30 June 2013 and further to the announcement made on 25 April 2013, the Company announces that the Group completed the acquisition of HB Reavis’ 100% interest in the Aupark Shopping Centre in Zilina (“Aupark Zilina”) through the acquisition of the entire issued share capital of AUPARK Žilina SC a.s. and AUPARK Žilina, spol. s r.o. (together the “SPVs”) with effect from 31 July 2013 (the “Acquisition”). The consideration for the Acquisition consisted of €32.4 million payable in cash for the entire issued share capital of the SPVs together with the assumption of €55.1 million of existing bank debt and deferred tax. The SPVs generated distributable earnings of approximately €2.8 million in the six months ending 30 June 2013.
Aupark Zilina is a regional mall of approximately 22,000 square metres of retail GLA, situated in the city centre of Zilina in Slovakia. Major tenants in the mall include international brands such as Billa, C&A, Deichmann, H&M and New Yorker. Slovakia, a European Union (“EU”) member, has a population of approximately 5.4 million residents with the second highest purchasing power per capita in the CEE region. Aupark is located in the historic centre of Zilina, the third largest city in the country, with a population of approximately 85,000 residents. Zilina is an important industrial centre and the seat of the region with a population of approximately 700,000 residents. The city is located around 200 kilometres from the capital Bratislava, close to the Czech and Polish borders.
The information set out in this announcement is provided in terms of the rules of AIM. The Acquisition is not categorisable in terms of the Listings Requirements of the JSE Limited and thus the information presented in this announcement is for information purposes.

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