Alternative Inc Regulatory News (AIRE)

23 June 2021

Alternative Income REIT Plc

(the "Company" or "Group")

CHANGE OF AUDITOR

The Board of Directors of Alternative Income REIT Plc (ticker: AIRE), the owner of a diversified portfolio of UK commercial property assets, predominantly let on long leases, announces that it has approved the appointment of Moore Kingston Smith LLP ("MKS") as the Company's auditor with effect from 23 June 2021 following the conclusion of a competitive tender process led by the Company's Audit Committee.

MKS will conduct the audit of the Group's financial statements for the financial year ending 30 June 2021. The appointment of MKS for the subsequent financial year will be subject to approval by the Company's shareholders at the next Annual General Meeting to be held in 2021.

MKS replaces KPMG LLP ("KPMG"), which has formally resigned as the Company's auditor. A copy of KPMG's reason for their resignation under Section 519 of the Companies Act 2006 is available on the Company's website: https://www.alternativeincomereit.com/~/media/Files/A/Alternative-Income-Reit/documents/2021/KPMG%20-%20Section%20519%20Statement.pdf1.

ENQUIRIES

The Company's LEI is 213800MPBIJS12Q88F71.

Further information on Alternative Income REIT plc is available at www.alternativeincomereit.com1.

NOTES

Alternative Income REIT PLC aims to generate a sustainable, secure and attractive income return for shareholders from a diversified portfolio of UK property investments, predominately in alternative and specialist sectors. The majority of the assets in the Group's portfolio are let on long leases which contain inflation linked rent review provisions.

The Company's investment adviser is M7 Real Estate Limited ("M7"). M7 is a leading specialist in the pan-European, regional, multi-tenanted real estate market. Majority owned by its senior managers, it has over 220 employees in 15 countries across Europe. The team manages over 600 properties with a value of circa €4.0 billion.

1 Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website or any other website, is incorporated into, or forms part of, this announcement nor, unless previously published on a Regulatory Information Service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.