Retail Estates : 06/11/2019 - Announcement of a transparency notification

Regulatory information

Ternat, 6 November 2019, 5:40 pm

A N N O U N C E M E N T O F A TR AN S P AR E N C Y N O T I FI CA TI O N

( AR T IC L E 14 , F IR S T P AR A GR AP H O F T HE B E L G I AN A CT O F 2 M A Y 20 0 7 O N THE D IS C L O SU R E O F S I GN I FI CAN T P AR T IC IP ATI O N S )

Industrielaan 6, B-1740 Ternat I T: [phone] I F: [phone] I [e-mail] I www.retailestates.com

Regulatory information

Ternat, 6 November 2019 - 5:40 pm

1. SUMMARY OF THE NOTIFICATION

In accordance with the Belgian Transparency Law, Retail Estates NV declares having received on 5 November 2019 a transparency notice dated 4 November 2019, revealing that the voting rights attached to the Retail Estates shares held by BlackRock Inc., with registered office at 55 East 52nd Street, New York, NY, 1055, U.S.A., have been modified as of 1 November 2019 without leading to a threshold overrun or underrun at the level of voting securities and financial instruments treated as voting securities as a whole, on account of a slight increase of the voting securities on the one hand (0.08 percentage point) and a slight decrease in the financial instruments treated as voting securities on the other hand (0.05 percentage point).

2. CONTENT OF THE NOTIFICATION

As there is no threshold overrun or underrun at the level of voting securities and financial instruments treated as voting securities as a whole, this publication is limited to the summary containing the most important information of the notice received.

The notification can be consulted on the website of Retail Estates NV via this link: http://www.retailestates.com/en/investors/share/shareholding-structure-and-notifications.

This press release can be consulted on the website of Retail Estates NV via this link: https://www.retailestates.com/en/publications.

Industrielaan 6, B-1740 Ternat I T: [phone] I F: [phone] I [e-mail] I www.retailestates.com

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Regulatory information

Ternat, 6 November 2019 - 5:40 pm

ABOUT RETAIL ESTATES NV

Retail Estates nv is a public regulated real estate company and more specifically a niche company that specialises in investing in out-of-town retail properties which are located on the periphery of residential areas or along main access roads into urban centres. Real Estates NV acquires these real properties from third parties or builds and commercialises retail buildings for its own account. The buildings have useful areas ranging between 500m2 and 3,000m2. A typical retail property has an average area of 1,000 m2.

As of 30 June 2019, Retail Estates nv has 961 premises in its portfolio with a total retail area of 1,124,117 m². The occupancy rate of the portfolio was 98.00% on 30 June 2019, compared to 98.28% on 31 March 2019.

The fair value of the consolidated real estate portfolio of Retail Estates NV as at 30 June 2019 is estimated at EUR 1,612.74 million by independent real estate experts.

Retail Estates NV is listed on Euronext Brussels and Euronext Amsterdam and is registered as a public regulated real estate company. As at 30 June 2019, the stock market capitalisation of the shares amounts to EUR 1,022.56 million.

FORWARD-LOOKING STATEMENTS

This press release contains a number of forward-looking statements. Such statements are subject to risks and uncertainties which may lead to actual results being materially different from the results which might be assumed in this press release on the basis of such forward-looking statements. Major factors that may influence these results include changes in the economic situation, commercial, tax-related and environmental factors.

Ternat, 6 November 2019

Jan De Nys, CEO of Retail Estates nv

For more information, please contact:

Retail Estates nv, Jan De Nys - CEO, T: +32 2/568 10 20 - F:+32 475/27 84 12

Retail Estates nv, Kara De Smet - CFO, T: +32 2/568 10 20 - F: +32 496/57 83 58

RETAIL ESTATES NV

Public RREC under Belgian law Industrielaan 6, B-1740 Ternat RLE of Brussels

VAT BE 0434.797.847

T: [phone] [e-mail]