Retail Estates : 27/09/2021 - Announcement of a transparency notification (2)

PRESS RELEASE

Regulatory information

Ternat, 27 September 2021, 5:40 pm

A N N OU N C E M E N T OF A TR A N SP A RE N C Y N OT I F IC A T I ON

( A R T IC L E 1 4 , F I R S T P A R AG R AP H O F T H E B E L G I A N AC T OF 2 M AY 2 0 0 7 ON T H E D I SC L O SU R E OF SI G N I F IC AN T P A RT I C IP A T I ON S )

1. SUMMARY OF THE NOTIFICATION

Pursuant to the Belgian Transparency Act, Retail Estates NV announces the receipt on 22 September 2021 of a transparency notification dated 21 September 2021 that shows that Federale Verzekering with registered office 1000 Brussels, Stoofstraat 12 has crossed below the threshold of 3% of the total voting rights on 17 September 2021. It concerns an active below the threshold crossing.

2. CONTENT OF THE NOTIFICATION

The notification dated 21 September 2021 contains the following information:

Reason for the notification

Downward crossing of the lowest threshold

Acquisition or disposal of voting securities or voting rights

Notification by

A person that notifies alone

Persons subject to the notification requirement

	Name	Address (for legal entities)
	Federale Verzekering	Stoofstraat 12, 1000 Brussel
Date of threshold crossing
17 September 2021
Threshold that is crossed (in %)
3%

In accordance with Article 10 of the coordinated articles of association of Retail Estates NV, the threshold above which a shareholding must be disclosed in the event of over- or undervaluation has been set at 3% of the total number of existing voting rights.

Denominator

12,665,763

Notified details

A) Voting rights

Previous notification

After the transaction

# voting rights

# voting rights

% voting rights

Holders of voting

Attached

Apart from

Attached

Apart from

rights

to securities

securities

to securities

securities

Federale

566,020

Verzekering

360,171

2.84 %

TOTAL

360,171

2.84 %

B) Assimilated

financial

After the transaction

instruments

# voting rights

Holders of assimilated

Type of financial

Expiration date

Exercise period

that can be

acquired when

% voting rights

Settlement

financial instruments

instrument

or date

exercising the

instrument

TOTAL

TOTAL (A & B)

# voting rights

% voting rights

360,171

2.84%

Chain of controlled companies

through

which

the holding

is

effectively

held

Federale Verzekering is not a controlled company

Additional information

/

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

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.

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 properties located on the periphery of residential areas or along main access roads to urban centres available to users. 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 building has an average area of 1,000 m².

As of 30 June 2021, Retail Estates nv has 988 premises in its portfolio with a total retail area of 1,163,725m² m², spread over Belgium and the Netherlands. The occupancy rate of the entire portfolio was 97.22% on 30 June 2021, compared to 97.07% on 31 March 2021.

The fair value of the consolidated real estate portfolio of Retail Estates NV as at 30 June 2021 is estimated at € 1,702.90 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 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, 27 September 2021

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]