Retail Estates : Convocation Annual General Shareholders’ Meeting

PRESS RELEASE

Ternat, 16 June 2022

CONVOCATION ANNUAL GENERAL SHAREHOLDERS' MEETING

CONVOCATION ANNUAL GENERAL SHAREHOLDERS' MEETING

This morning, Retail Estates publishes the convocation for the annual general shareholders' meeting for the financial year that ended on 31 March 2022. The shareholders, bondholders, directors and statutory auditor of Retail Estates NV are invited to the annual general shareholders' meeting on Monday 18 July 2022 at 10 am at the registered office of the company at 1740 Ternat, Industrielaan 6.

The convocation for the annual general shareholders' meeting is available on the company's website.

The documents made available to the securityholders following the publication of the convocation for the annual general shareholders' meeting, including the annual financial report 2021-2022, are also available online at the above mentioned address.

ABOUT RETAIL ESTATES NV

The Belgian public real estate investment trust ("BE-REIT") Retail Estates NV is a niche player specialised in making in out-of-town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. Retail Estates NV acquires such real estate from third parties or builds and commercialises retail buildings for its own account. The buildings have useful surfaces ranging between 500m² and 3,000m². A typical retail building has an average surface of 1,000 m².

As of 31 March 2022, Retail Estates NV has 987 premises in its portfolio with a total retail area of 1,177,577m², across Belgium and the Netherlands. The occupancy rate of the portfolio was 97.83% on 31 March 2022, compared to 97.07% on 31 March 2021. The fair value of the consolidated real estate portfolio of Retail Estates NV as at 31 March 2022 is estimated at EUR 1,759.88 million by independent real estate experts.

Retail Estates NV is listed on the regulated markets of Euronext Brussels and Euronext Amsterdam and is registered as a public regulated real estate company ("RREC").

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, 16 June 2022

Jan De Nys, CEO of Retail Estates nv

For more information, please contact:

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

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