Shareholders are advised that Mr. Dan Pascariu has notified the board of directors ("the Board") that, after serving as independent chairman of NEPI Rockcastle and New Europe Property Investments plc, for over 9 years, he intends to retire and not stand for re-election at the annual general meeting of shareholders to be held on 28 August 2018. The Board has appointed Mr. Robert Reinhardt Emslie as the new independent non-executive chairman of the Company, with effect from the date of the AGM. He held various positions within the ABSA Group during a period of 21 years, more recently as Head of ABSA Corporate and Business Bank, Head of ABSA Africa and member of ABSA Group's Executive Committee. Robert was appointed as an independent non-executive director of NEPI in February 2016, and served as a member of NEPI's Audit Committee and chairman of NEPI's Remuneration Committee. Following the merger, Robert continued in these roles at NEPI Rockcastle and was also appointed as a member of the Company's Investment Committee.