NewRiver Regulatory News (NRR)

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION OR OFFER TO SELL, OR THE SOLICITATION OF AN INVITIATION OR OFFER TO BUY, ANY SECURITY. NONE OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT SHALL BE SOLD, ISSUED, SUBSCRIBED FOR, PURCHASED, EXCHANGED OR TRANSFERRED IN ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW.

17 August 2016

NewRiver Retail Limited

("NewRiver" or the "Company")

Court hearing approves new corporate structure

The Board of NewRiver is pleased to announce that at a hearing of the Royal Court of Guernsey (the "Court") this morning in connection with the proposals to change the NewRiver group of companies' (the "Group") corporate structure by inserting a new English-incorporated parent company at the head of the Group, NewRiver REIT plc ("NewRiver Holdco"), the Court made an order sanctioning the Scheme (the "Court Order").

In connection with the Court Order, it is anticipated that the Scheme will become effective at 8.00 am (London time) on 18 August 2016. At that time it is expected that:

· 238,588,536 ordinary shares in NewRiver Holdco to be issued in connection with the Scheme will be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on London Stock Exchange plc's Main Market for listed securities (together, "Admission"); and

· trading in the ordinary shares in the capital of NewRiver on AIM, a market of London Stock Exchange plc ("AIM"), will be cancelled.

A copy of this announcement will be made available on the Company's website (www.nrr.co.uk). A further announcement will be made upon Admission occurring.

For more information, please contact: