DRIP.L Regulatory News (DRIP)

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Drum Income Plus REIT plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

YES

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Funds under the management of Turcan Connell Asset Management Limited

4. Full name of shareholder(s)  (if different from 3.):iv

TC Nominees (No1) Limited

TC Nominees (No1) Limited a/c PEPISA

VT TC Absolute Return Portfolio

VT TC Income Portfolio

VT TC Growth Portfolio

VT Arden Fund

VT TC Growth Portfolio

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

29 May 2015

6. Date on which issuer notified:

1 July 2015

7. Threshold(s) that is/are crossed orreached: vi, vii

Above 86%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00BW4NWS02

0

0

27,447,000

27,447,000

86.14%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

27,447,000

86.14%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Gavin Maxwell

15. Contact telephone number:

0131 228 8111