With reference to the announcement released earlier today, NEPI Rockcastle anticipates that the quantum of equity to be raised through the issue of new ordinary shares will be approximately EUR325 million (the “equity raise”). Indicative pricing for shares to be issued is ZAR177.00 per share traded on the JSE (EUR11.10 per share traded on Euronext Amsterdam), however the equity raise remains subject to pricing acceptable to NEPI Rockcastle.