Tritax Big Box Regulatory News (BBOX)

13 April 2017

TRITAX BIG BOX REIT PLC

(the "Company")

Issue of Ordinary Shares under the Investment Management Agreement ("IMA"), PDMR Shareholdings and Total Voting Rights

The Board of the Company announces that, in accordance with the terms of the management fee arrangements with Tritax Management LLP (the "Manager") pursuant to which 25 per cent. of the management fee is payable in new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares"), it has today issued, in aggregate, 528,528 Ordinary Shares (the "Management Ordinary Shares") to the senior executives of the investment team of the Manager as listed in the table below (the "Investment Team") and to certain members of staff of the Manager, subject only to Admission (defined below).

The issue price per Management Ordinary Share is 126.45p (being the most recently published audited net asset value of 128.00p per Ordinary Share as at 31 December 2016, less the interim dividend of 1.55p per Ordinary Share paid to shareholders on or around 3 April 2017 in respect of the period from 1 October 2016 to 31 December 2016).

Application has been made for the Management Ordinary Shares to be admitted to the premium segment of the Official List and to trading on the main market of the London Stock Exchange. It is expected that dealings in the Management Ordinary Shares will commence at 8.00 a.m. on 18 April 2017 ("Admission").

The Management Ordinary Shares allotted and issued are subject to a minimum lock-in period of 12 months from Admission.

Director and PDMR Shareholdings

In accordance with article 19.3 of the Market Abuse Regulations on Admission the beneficial interests in Ordinary Shares of the directors of the Company and senior executives of the Investment Team with day-to-day management responsibility for providing services to the Company in accordance with the terms of the IMA (and/or persons closely associated thereof) who have been issued Management Ordinary Shares are listed in the table below. Furthermore, the aggregate number of Ordinary Shares issued to staff of the Manager from time to time in accordance with the terms of the IMA are also listed below.

Total Voting Rights

Immediately following Admission, the Company's issued share capital will consist of 1,105,688,057 Ordinary Shares with voting rights. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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NOTES:

Tritax Big Box REIT plc is the only listed vehicle to give pure exposure to the "Big Box" logistics asset class in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and managing both standing and pre-let forward funded development assets, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq. ft., let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited stock supply.

The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies ("REIT"), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.

Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk