NewRiver Regulatory News (NRR)

NewRiver Retail Limited

("NewRiver" or "the Company")

Directorate Changes

NewRiver Retail Limited (AIM and CISX: NRR), the UK REIT specialising in value-creating retail property investment and asset management, is pleased to announce the appointment of two new Non Executive Directors.

Christopher Taylor, 51, and Kay Chaldecott, 49, will join the Board with effect from 31 March 2012.

Contemporaneous with the appointments, current Non Executive Directors Peter Tom CBE and Susie Farnon will stand down from the Board to pursue other business interests.

Both appointments bring significant commercial property experience to the Board.

Mr Taylor brings a wealth of investment and asset management experience having specialised in the acquisition, disposal and management of many prominent UK retail assets.

Mr Taylor is Chief Executive of Hermes Real Estate, one of the largest real estate managers in the UK, and responsible for the management of £5 billion of assets globally. He joined Hermes in 2010 from the Queensland Investment Corporation (QIC), Australia's largest wholesale fund manager, where he was Head of European Property. Prior to QIC Mr Taylor was Head of European Property at HSBC Specialist Investments following a 17-year career at Prudential, the UK's largest institutional commercial property investor. As Director of investment and asset management he was responsible for acquiring and managing Prudential's £6 billion UK retail portfolio which included major retail centres such as Bluewater, Manchester Arndale, Central Milton Keynes and Cribbs Causeway in Bristol.

Mrs Chaldecott has a long and distinguished career in the UK retail property sector. A chartered surveyor, Mrs Chaldecott enjoyed 27 years at Capital Shopping Centres Group PLC ("CSC"), one of the UK's largest shopping centre owners, where she became Managing Director and an Executive Board Director before stepping down in September 2011 to seek other business opportunities.

Having joined the Company as a graduate, Mrs Chaldecott progressed through a range of disciplines, latterly becoming Group Manager of the Southern portfolio then Property Director. Promoted to Managing Director in 2005, Mrs Chaldecott was responsible for the overall running of CSC's asset, property management and centre operations as well as overseeing shopping centre development and leasing. She is highly experienced in working with local authorities, retailers and tenants having managed all of CSC's £6.7 billion assets including those at Lakeside, Metrocentre, Watford, Bromley and Uxbridge.

David Lockhart, Chief Executive Officer, said:

"I am delighted to welcome Christopher and Kay to the Board of NewRiver. They both bring an invaluable range of skills and industry knowledge that will help to drive NewRiver forward. It is a mark of NewRiver's recent growth and progression that we are able to attract two leading industry figures to the Board and I look forward to working with them both.

"On behalf of the Board, I would also like to thank Peter and Susie for their strong support and contribution over the last three years and their invaluable role in helping to establish NewRiver as one of the UK's most active REITs and they leave with our best wishes."

The companies of which Christopher Taylor has been a director in the past five years are as follows:

Existing directorships

Hermes Real Estate Investment Management Limited

MEPC Limited

Argent Group plc

ING Britannica Fund

Previous directorships

Queensland Investment Corporation

The companies of which Kay Chaldecott has been a director in the past five years are as follows:

Previous directorships

Capital Shopping Centres Group plc

Barton Square Limited

Belsize Limited

Braehead Glasgow Limited

Braehead Park Estates Limited

Braehead Park Investments Limited

Broadway Retail Leisure Limited

Capco Floral Place Limited

Capital & Counties U.S.A. Inc

Capital Shopping Centres Debenture PLC

Capital Shopping Centres Group PLC

Capital shopping Centres PLC

Chapelfield GP Limited

Chapelfield Nominee Limited

Chapelfield Property Management Limited

Chelmsford Property Investments Limited

Cribbs Causeway JV Limited

Cribbs Mall Nominee (2) Limited

CSC (Eldon Square) Limited

CSC Braehead Leisure Limited

CSC Braehead Nominee (No.1) Limited

CSC Braehead Property Management Limited

CSC Bromley (High Street No.2) Limited

CSC Bromley (High Street No.3) Limited

CSC Bromley (High Street) Limited

CSC Bromley Limited

CSC Cardiff Limited

CSC Chapelfield Limited

CSC Chapelfield Residential Limited

CSC Chavasse Park (GP) Limited

CSC Enterprises Limited

CSC Hanley Limited

CSC Harlequin Limited

CSC Harlequin Property Management Limited

CSC Kensington Limited

CSC Lakeside Hotel Limited

CSC Lakeside Limited

CSC Lakeside Property Management Limited

CSC Leisure Limited

CSC Management Services Limited

CSC MetroCentre Property Management Limited

CSC Payments Limited

CSC Potteries Limited

CSC Properties 2021 Limited

CSC Properties 2027 Limited

CSC Properties Investments Limited

CSC Properties Limited

CSC Property Management Limited

CSC Property Services Limited

CSC Trading

CSC Trafford Centre Group (UK) Limited

CSC Uxbridge (Jersey) Limited

CSC Uxbridge Limited

Curley Limited

Greenhaven Industrial Properties Limited

Liberty International Capital (Five) Limited

Liberty International Capital (Four) Limited

Liberty International Capital (Six) Limited

Liberty International Financial Services Limited

Liberty International Group Treasury Limited

Liberty International Holdings Limited

Liberty Retail Properties Limited

Manchester JV Limited

Manchester Nominee (2) Limited

MetroCentre (GP) Limited

MetroCentre (Holdco) Limited

MetroCentre (Nominee No.1) Limited

MetroCentre (Nominee No.2) Limited

MetroCentre (Nominee No.3) Limited

MetroCentre (Nominee No.4) Limited

MetroCentre (Subco) Limited

Potteries (GP) Limited

Potteries (Nominee No.1) Limited

Potteries (Nominee No.2) Limited

Potteries Management Limited

St. David's (Cardiff Residential) Limited

St. David's (General Partner) Limited

St. David's (No.1) Limited

St David's (No.2) Limited

Steventon Limited

The Trafford Centre Finance Limited

The Trafford Centre Holdings Limited

The Trafford Centre Investments Limited

The Trafford Centre Limited

VCP (GP) Limited

VCP Nominees No.1 Limited

VCP Nominees No.2 Limited

Westgate Oxford Investments Limited

Whitesun Limited

WRP Management Limited

There is no other information that is required to be disclosed under schedule 2(g) of the AIM rules for Companies.

-Ends-

For further information

About NewRiver

NewRiver Retail Limited is a REIT status specialist real estate investor and asset manager focusing solely on the UK retailing sector with a particular focus on food and value retailing. The management team, led by David Lockhart, have more than 75 years' combined experience in UK commercial property markets. With assets under management at circa £275 million the Company's activities include active and entrepreneurial asset management and risk controlled development, utilising both its own balance sheet and co-investment joint venture structures. It is NewRiver's intention to become one of the leading sector-focused value-creating property investment businesses operating in the UK retail sector. The Company was founded in 2009 and its shares were admitted to London's AIM and Channel Islands Stock Exchange (CISX) in September of the same year. For more information on NewRiver, please visit www.nrr.co.uk