NEPI ROCKCASTLE N.V - NEPI Rockcastle prices a EUR 500 million unsecured green bond

NEPI Rockcastle prices a EUR 500 million unsecured green bond

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

NEPI ROCKCASTLE PRICES A EUR 500 MILLION UNSECURED GREEN BOND



THIS ANNOUNCEMENT MAY NOT BE DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, OR TO OR 
FOR THE BENEFIT OF U.S. PERSONS OR INTO ANY OTHER JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO SO.

NEPI Rockcastle's wholly owned subsidiary, NE Property B.V., has closed the green corporate bond book build
referred to in the announcement released yesterday. NE Property B.V. has priced a green €500 million unsecured
long 7-year Eurobond maturing in January 2032 ("the Bond"), carrying a 4.25% fixed coupon, with an issue price
of 99.124%. The Bond is expected to be rated BBB by S&P and BBB+ by Fitch in line with the EUR4 billion
EMTN Programme rating and the corporate rating. An amount equal to the net proceeds will be allocated to
finance and/or refinance eligible green projects included in the portfolio selected in accordance with the use of
proceeds criteria and selection process as defined in the Company's Green Finance Framework updated in 2023
(the "Framework").

The Bond benefitted from a very strong demand, with an oversubscribed book that peaked over €3 billion,
reflecting international bond investors' confidence in NEPI Rockcastle's credit quality. The issue achieved broad
institutional distribution, selling to asset managers (87%), other types of institutional investors and banks (13%),
with demand coming from a multitude of geographies such as UK (59%), DACH region (10%), France (9%) and
Benelux (7%). Application has been made for listing the Bond with Euronext Dublin. The Joint Lead Managers
on this bond issue were Deutsche Bank, Raiffeisen Bank International, SMBC, Societe Generale and UniCredit.

NEPI Rockcastle is committed to issuing green bonds as per the Framework, which provides that proceeds are
used to finance and/or refinance existing and/or future projects which improve the environmental performance of
the Group's property portfolio and contribute to the Company's climate impact mitigation objectives. The
Framework is available on NEPI Rockcastle's website and benefits from a Second Party Opinion provided by
ISS Corporate Solutions.

"I am proud to announce that a new green bond of €500 million has been successfully issued by Nepi Rockcastle.
The strong market response, translated into an oversubscription of over €3 billion, stands as a solid confirmation
of investors' confidence in our credit quality and sustainability strategy. Such market demand demonstrates both
a consistent support for our environmental and growth commitment, as well as good understanding and
appreciation of Nepi Rockcastle's achievements and results. It is our commitment to leverage on this bond
issuance towards growing our portfolio in a sustainable way, alongside clear and ambitious climate impact
mitigation objectives." – Eliza Predoiu, CFO.

The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act") and may not be offered, sold or delivered within the United States or to or for
the account or benefit of U.S. persons, as defined in Regulation S under the Securities Act.

Any information contained in the Group's Green Finance Framework and the Second Party Opinion, and any
other information accessible through any website referred to above, does not (i) constitute or form part of any
offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities or
(ii) form a part of the Base Prospectus or the Final Terms. Any such information should not be relied upon in
connection with making any investment decision with respect to the securities. Any decision to purchase any of
the securities should be made solely on the basis of information contained in the Base Prospectus, as
supplemented, and the Final Terms. In addition, no assurance or representation is given by Deutsche Bank
Aktiengesellschaft, Raiffeisen Bank International AG, SMBC Bank EU AG, Société Générale, UniCredit Bank
GmbH or any other person to investors as to the suitability or reliability for any purpose whatsoever of the
Group's Green Finance Framework, the Second Party Opinion or any other opinion, report or certification of
any third party in connection with the offering of the securities, and none of the Group's Green Finance
Framework, the Second Party Opinion or any such other opinion or certification is a recommendation by
Deutsche Bank Aktiengesellschaft, Raiffeisen Bank International AG, SMBC Bank EU AG Société Générale,
UniCredit Bank GmbH or any other person to buy, sell or hold any of the securities.

This communication is being distributed to and is directed only at persons in the United Kingdom having
professional experience in matters relating to investments, falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotions) Order 2005 (the "Order"), and persons falling within Article 49(2)
of the Order (all such persons together being referred to as "relevant persons"). In the UK, this communication
must not be acted on or relied on by persons who are not relevant persons. In the UK, any investment or investment
activity to which this communication relates is available only to relevant persons and will be engaged in only
with such persons.

EEA MiFID II / UK MiFIR professionals/ ECPs-only / No EEA or UK PRIIPS KID - Manufacturer target market
(MIFID II[/ UK MiFIR product governance) is eligible counterparties and professional clients only (all
distribution channels).No EEA or UK PRIIPs key information document (KID) has been prepared as not available
to retail in EEA or UK.

This communication is not an offer of securities or investments for sale nor a solicitation of an offer to buy
securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has
been taken that would permit an offering of securities or possession or distribution of this announcement in any
jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes
are required to inform themselves about and to observe any such restrictions.

Credit ratings referred to in this communication should not be taken as recommendations by a rating agency to
buy, sell or hold Notes. They may be revised, suspended or withdrawn at any time by the relevant rating agency.

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 N.V.                                +31 20 563 6685

Media Relations                              mediarelations@nepirockcastle.com

26 September 2024

Date: 26-09-2024 09:00:00
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