Regulated information Ternat, 27 April 2018 - 10:30AM

Admission to trading of new shares on the regulated markets of

Euronext Brussels and Euronext Amsterdam

Disclosure pursuant to article 15 of the Law of 2 May 2007:

Transparency declaration

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, CANADA, SWITZERLAND, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT WOULD BE PROHIBITED BY APPLICABLE LAW.

Retail Estates announces the new denominator in accordance with Article 15 of the Transparency Act.

On 12 April 2018, Retail Estates launched a capital increase in cash with cancellation of the legal preferential subscription right but with attribution of irrevocable allocation rights to existing shareholders within the framework of the authorized capital for an amount of maximum EUR 123,365,580.00 (including the issue premium) through the issuance of maximum 1,897,932 new shares at an issue price of EUR 65.00 (inclusive of coupon no. 26 representing the right to the annual dividend for the financial year 2017/2018, for which a dividend prognosis of EUR 3.60 gross per share is made and with regard to which the annual meeting of Retail Estates scheduled for 23 July 2018 will decide) per share.

Following the completion of the capital increase in cash and the issuance of 1.897.932 new shares

Regulated information Ternat, 27 April 2018 - 10:30AM

on 27 April 2018 within the framework of this transaction, the share capital of Retail Estates on 27

April 2018 amounts to EUR 256,225,278.98, represented by 11,387,593 fully paid ordinary shares.

There are no preferred shares, no outstanding options or warrants issued that entitle their holder to shares. Each of these shares carries one voting right at the general shareholders' meeting and these shares thus represent the denominator for the purpose of notifications under the transparency regulations (i.e. notification in case of reaching, crossing or falling below the statutory or legal thresholds). In addition to the legal thresholds, article 10 of Articles of Association of Retail Estates provides for an additional statutory threshold of 3% in accordance with article 18, §1, of the Transparency Law of 2 May 2007.

The 1,897,932 new shares in Retail Estates that have been issued today, have been admitted to trading on the regulated markets of Euronext Brussels and Euronext Amsterdam under the same ISIN-code as the existing shares in Retail Estates (BE0003720340). This information, as well as the shareholding structure can be found on the website of Retail Estates (www.retailestates.com).

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Regulated information Ternat, 27 April 2018 -10:30AM

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. Retail Estates nv buys these properties from third parties or builds and markets 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 1,000m².

On 31 December 2017, Retail Estates nv has 809 properties in its portfolio with a lettable surface of 978,328m². The occupancy rate of the portfolio was 98.32% on 31 December 2017, compared to 98.13% on 31 March 2017.

The fair value of the consolidated real estate portfolio of Retail Estates nv at 31 December 2017 is estimated by independent real estate experts at EUR 1,329.13 million.

Retail Estates nv is listed on Euronext Brussels and Euronext Amsterdam and is registered as a public regulated real estate company. On 31 December 2017, the stock market capitalisation of its shares amounts to EUR 690.56 million.

FUTURE-ORIENTED STATEMENTS

This press release contains a number of future-oriented statements. Such statements are subject to risks and uncertainties which means that the actual results can differ significantly from those expected on the basis of such future-oriented statements in this interim statement. Significant factors that can influence such results include changes in the economic situation, commercial and fiscal factors.

Ternat, 27 April 2018

Jan De Nys, CEO of Retail Estates nv

For additional information:

Retail Estates nv, Jan De Nys - CEO, tel. +32 2 568 10 20 - +32 475 27 84 12

Retail Estates nv, Kara De Smet - CFO, tel. +32 2 568 10 20 - +32 496 57 83 58

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Retail Estates NV published this content on 27 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 April 2018 08:59:07 UTC