EPP N.V. anticipated closures of its operations. The Covid-19 pandemic has spread from China to Continental Europe. In response to the continued spread of the coronavirus and it being classified as a global pandemic by the World Health Organisation, in addition to numerous other measures put in place, the Polish government signed a decree on March 13, 2020 in terms of which all Polish shopping centres and retail locations measuring over 2,000 sqm of retail space are to be closed for at least 10 days, commencing on March 14, 2020 with the ability to be extended should it be required. EPP, the company is working together with other retail landlords, the Polish Council of Shopping Centres, the government and health authorities in providing feedback to the government on the needs of the retail property sector, the necessary financial assistance by the government if required, as well as ensuring the safety of its employees, tenants and customers, which are all of importance to the company. EPP anticipates that if closures continue for longer than the declared 10 days, this will have an effect on tenant operations and for this reason is also already in discussions with its tenants, financial institutions and other stakeholders, and will manage the situation diligently during this period to minimize any impact. The legislated closure does not extend to grocery stores, pharmacies and cosmetics shops which comprise approximately 21% of EPP's retail portfolio in terms of GLA and, furthermore, that only approximately 5% of the company's entire retail leases are linked to turnover, with the balance being contractual rentals with annual escalations. Moreover, the office portfolio is not affected by these new regulations.