Eurocommercial Properties N : Final dividend announcement

Dividend Announcement Eurocommercial Properties N.V.

The undersigned herewith announce, that the Annual General Meeting, which was held on

13 June 2023, has declared the final dividend for the financial year ended on 31 December 2022, which dividend comprises a cash dividend of € 1.00 per share and will be payable on 7 July 2023.

The ex-dividend date is 15 June 2023.

The dividend in cash, net of 15% Dutch dividend withholding tax (the "Cash Dividend") will be made available to the shareholders via the financial institution where these shares are administered at close of business on 16 June 2023 (the "Record Date").

From the gross cash dividend of € 1.00 per share Dutch dividend withholding tax for an amount of € 0.15 will be deducted (15% of the cash dividend of € 1.00). The shareholders will therefore receive a net cash dividend of € 0.85 per share.

Also, it has been decided to allow shareholders from 19 June 2023 until 15.00 hours (CET) on 30 June 2023, the choice of taking the dividend in the form of shares instead of taking the Cash Dividend, in a ratio of one (1) share chargeable to the fiscal share premium reserve, for every twenty-four(24) shares held. To that end, for each one (1) existing share, one (1) dividend right will be created; twenty-four (24) dividend rights entitle the holder to one (1) new share which will rank for the dividend for the year 2023 and subsequent years (the "Stock Dividend").

The ISIN code for dividend rights: NL0015001EJ0

Shareholders have until Friday 30 June 2023 at 15:00 hours (CET) to make their choice known via their financial institution. Financial institutions may set an earlier deadline for shareholders to make their choice known in order to permit the financial institution to communicate these choices to the paying agent ABN AMRO Bank N.V. If no instruction is given before 15.00 hours (CET) on 30 June 2023, the dividend will be payable in cash only.

Due to the dividend distribution obligation associated with being a Dutch fiscal investment institution (fiscale beleggingsinstelling) it may be possible that in the exceptional situation that all shareholders jointly request to be paid out in new shares for more than 75% of the final dividend of €52.8 million, such shareholders will then receive their Stock Dividend on a pro rata basis, whereby the remainder being paid out in cash after deducting 15% Dutch dividend withholding tax.

For further information or to request to receive the annual report for the financial year ended 31 December 2022 please contact Eurocommercial Properties N.V. Tel: [phone].

Amsterdam, 13 June 2023

Eurocommercial Properties N.V.