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NEPI ROCKCASTLE PLC - Closure of FSCA possible false or misleading reporting investigation

Release Date: 07/05/2019 07:05
Code(s): NRP     PDF:  
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Closure of FSCA possible false or misleading reporting investigation

NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
JSE and Euronext share code: NRP
("NEPI Rockcastle" or "the Company")


Stakeholders' attention is drawn to the announcement issued on 6 May 2019 by South Africa's Financial
Services Conduct Authority ("FSCA"). This states that the investigation in relation to a potential breach
of section 81 of the Financial Markets Act No. 19 of 2012 (the "FMA"), relating to possible false and
misleading reporting, has been closed. The FSCA found "no substance in the allegations that NEPI
Rockcastle intentionally and negligently made / published false statements in respect of the past or future
performance, being the 31 December 2017 financial statements". The Company welcomes the
conclusion of this investigation, which reconfirms its position and previous communications to the

On 4 March 2019, the FSCA stated that it had closed its investigation in respect of possible insider
trading related to the Company (Section 78 of the FMA), with no issue raised against the Company.
Following these announcements, the FSCA's only pending investigation related to the Company
concerns possible prohibited trading practices. As stated by the FSCA, this investigation is not into the
affairs of the Company, but into trading of its shares on the stock exchanges, by third parties.

NEPI Rockcastle reiterates that it follows strict corporate governance rules and that its board and
management are comfortable with the integrity of its business practices. Alex Morar, CEO, said: "We
welcome the conclusion of the FSCA's investigation and note that no claims were made against the
Company, as the allegations raised by certain third parties were groundless. NEPI Rockcastle has
demonstrated exceptional business performance and adheres to best practice in financial reporting and
corporate governance. We will continue to focus on delivering strong results and generating long-term
value for our stakeholders."

For further information please contact:

NEPI Rockcastle plc
Alex Morar                                                    + 40 21 232 1398

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7 May 2019

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