Ground Rents Regulatory News (GRIO)

Ground Rents Income Fund plc

(the "Company")

Unaudited Net Asset Value as at 31 March 2015

Ground Rents Income Fund plc (LSE: GRIO), a listed real estate investment trust (REIT) investing in UK ground rents announces its Net Asset Value (NAV) as at 31 March 2015.

Highlights:

· NAV per ordinary share increased 1.9% to 106.3 pence (30 September 2014: 104.3 pence).

· Six properties acquired for £23.4 million (excluding costs) in H1 2015.

The unaudited NAV of the Company, as at 31 March 2015, was 106.3 pence per share. This is an increase of 1.9% over the net asset value of 104.3 pence per share at 30 September 2014. 

The NAV incorporates the external portfolio valuation by Savills, as at 31 March 2015.

Breakdown of NAV movement

Set out below is a breakdown of the change to the unaudited NAV calculated under IFRS over the period from 1 October 2014 to 31 March 2015:

The net asset value is calculated under International Financial Reporting Standards (IFRS) and is unaudited. The NAV per share is calculated using 92,965,711 shares of 50 pence each, being the number in issue on 31 March 2015.

Further information will be given in the half-year results of the Company for the six months ended 31 March 2015 which will be announced later this month (May 2015).

Contacts: