Retail Estates : 19/06/2020 - Invitation Annual General Shareholders’ Meeting

PRESS RELEASE Ternat, 19 June 2020

INVITATION ANNUAL GENERAL SHAREHOLDERS' MEETING

INVITATION ANNUAL GENERAL SHAREHOLDERS' MEETING

This morning, Retail Estates publishes the invitaon to the annual general shareholders' meeng for the financial year that ended on March 31, 2020. The shareholders, bondholders, directors and statutory auditor of Retail Estates NV are invited to the annual general shareholders' meeng on Monday July 20, 2020 at 10 am at the registered office of the company at 1740 Ternat, Industrielaan 6.

The invitaon to the annual general shareholders' meeng is available on the company's website.

The documents made available to the securityholders following the publicaon of the invitaon for the annual general shareholders' meeng, including the annual financial report 2019-2020, are also available online at the above menoned address.

ABOUT RETAIL ESTATES NV

The Belgian public real estate investment trust Retail Estates nv is a niche player specialised in making in out-of-town retail properes located on the periphery of residenal areas or along main access roads to urban centres available to users. Real Estates NV acquires these real properes from third pares or builds and commercialises retail buildings for its own account. The buildings have useful areas ranging between 500m² and 3,000m². A typical retail building has an average area of 1,000 m².

As of 31 March 2020, Retail Estates nv has 969 premises in its porolio with a total retail area of 1,136,492 m², spread over Belgium and the Netherlands. The occupancy rate of the porolio was 97.92% on 31 March 2020, compared to 98.28% on 31 March 2019.

The fair value of the consolidated real estate porolio of Retail Estates NV as at 31 March 2020 is esmated at EUR 1,661.75 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.

FORWARD-LOOKING STATEMENTS

This press release contains a number of forward-looking statements. Such statements are subject to risks and uncertaines 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 situaon, commercial, tax-related and environmental factors.

Ternat, 19 June 2020

Jan De Nys, CEO of Retail Estates nv

For more informaon, please contact:

Retail Estates nv, Jan De Nys - CEO, tel. [phone] Retail Estates nv, Kara De Smet - CFO, tel. [phone]

RETAIL ESTATES NV

Public BE-REIT under the laws of Belgium Industrielaan 6 B-1740 Ternat • RLE Brussel VAT BE 0434 797 847 • T: [phone] • www.retailestates.com