CSH.L Regulatory News (CSH)

17 November 2017

CIVITAS SOCIAL HOUSING PLC

("Civitas" or the "Company")

£40m 3-Year Revolving Loan Facility from Lloyds Bank plc

The Board of Civitas Social Housing PLC is pleased to announce that the Company has secured a 3-year floating rate revolving loan facility of up to £40m from Lloyds Bank plc (the 'Facility') based upon a margin over three month LIBOR.

The Facility, arranged by Lloyds Bank Commercial Banking, is repayable 3 years from the date of signing, with a 12-month extension option. It is secured against a ring-fenced portfolio of the Company's properties. The Facility is the second tranche of a planned debt funding programme, following the £52.5m fixed rate term loan facility from Scottish Widows Limited announced on 3rd November 2017. Rothschild & Co advised on both financings.

The Facility offers increased capital flexibility for the Company while assembling its portfolio, alongside the primary use of long-term debt. The Company anticipates announcing the provision of certain additional long-term fixed rate loan facilities in due course, in line with its stated intention to secure long-term debt funding.

Michael Wrobel, Chairman of Civitas, commented: "We are delighted to have secured this loan facility from Lloyds Bank, which offers Civitas additional capital flexibility over the coming years, over and above the £302m recently raised in the Company's C share issue. The availability of the Facility continues to demonstrate the high quality of the Company's assets."

Michael Thompson, of Lloyds Bank Commercial Real Estate, added: "Following on the back of the recent long term financing, we are pleased to continue our support of Civitas through the provision of this key facility. This will help provide the management team with the flexibility in financing future acquisitions and assist further growth aspirations."

For further information, please contact:

Civitas Housing Advisors Limited

Paul Bridge Tel: +44 (0)20 3709 4622

Andrew Dawber Tel: +44 (0)20 3709 4626

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

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 managed 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.