CSH.L Regulatory News (CSH)

5 December 2018

CIVITAS SOCIAL HOUSING PLC

("Civitas" or the "Company")

Completion of £3.9 million acquisition of 5 regulated social housing properties and conditional exchange of

£20.7 million of 15 regulated social housing properties

The Board of Civitas Social Housing PLC (the "Board") is pleased to announce that the Company has completed the purchase of 5 regulated social housing properties comprising 27 tenancies for a total consideration of £3,995,444. The properties are leased to Bespoke Supportive Tenancies Limited ("BeST"), Chrysalis Supported Association Limited ("Chrysalis") and Encircle Housing Limited ("Encircle") each of which is regulated by the Regulator of Social Housing and are counterparties to existing leases within the Company's portfolio.

The properties will be immediately income-generating with an initial net yield in line with the Company's expectations and were sourced off-market by Civitas Housing Advisors Limited, the Company's investment adviser.

The properties have been adapted for use as accommodation for tenants with learning disabilities and other care needs, and there is a care provider in place at each property. The properties are subject to 25-year leases and rents are adjusted annually in line with CPI over the full period.

The Board is also pleased to announce the intended completion of 15 regulated social housing properties for a consideration of £20,663,644 million which remain subject to several outstanding matters that require satisfaction prior to completion which is expected shortly. As with the 5 properties noted above that have now completed, the conditional exchange on the 15 properties was entered into prior to 30 November 2018 (being the calculation date for the C Share conversion) and so are expected to be valued as part of the C Share net asset value for the purposes of the C Share conversion.

The completed transactions and the conditional exchange are and will be funded through the Company's C Share of which a total of £263.7 million (after purchase costs) has been invested and committed by 30 November 2018. This represents 92% of the available capital taking into account the costs of issue of the C Share (2%) and the £10 million cash buffer that is reserved in the Ordinary Share pool and C Share pool.

Civitas targets the objective of delivering sustainable returns to its shareholders by making socially relevant investments within the regulated social housing sector in England and Wales.

For further information, please contact:

Civitas Housing Advisors Limited

Paul Bridge Tel: +44 (0)20 3058 4844

Andrew Dawber Tel: +44 (0)20 3058 4846

Cenkos Securities PLC

Sapna Shah Tel: +44 (0)20 7397 1922

Tom Scrivens Tel: +44 (0)20 7397 1915

Pagefield

Philip Dennis Tel: +44 (0)7947 868206

Laurence Jones Tel: +44 (0)7966 926747

David Leslie Tel: +44 (0)7584 070274

Notes:

Civitas Social Housing PLC is the first Real Estate Investment Trust offering pure play exposure to social housing in England and Wales. The Company is advised by Civitas Housing Advisors Limited. The Company is listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in November 2016. The company is a constituent of the FTSE 250 index