Palace Capital Regulatory News (PCA)

14 June 2022

Palace Capital PLC

("Palace Capital" or the "Company")

Dividend Declaration

Palace Capital (LSE: PCA), the Main Market REIT that has a UK regional commercial real estate portfolio focused on the office and industrial sectors in carefully selected locations outside of London, is pleased to announce that it will pay a quarterly dividend, in respect of the three months ended 31 March 2022, of 3.75 pence per ordinary share.

The final dividend will be paid on 5 August 2022, subject to shareholder approval at the Annual General Meeting being held on 29 July 2022, to shareholders on the register as at 1 July 2022. The ex-dividend date will be 30 June 2022. The entire dividend will be paid as a Property Income Distribution.

The Notice of Annual General Meeting and Annual Report for the year ended 31 March 2022 will be made available on the Palace Capital website and posted to shareholders at the end of June 2022.

For further information, contact:

PALACE CAPITAL PLC

Steven Owen, Interim Executive Chairman / Matthew Simpson, Chief Financial OfficerTel. +44 (0)20 3301 8330

Broker

Numis Securities

Heraclis Economides / Oliver Hardy

Tel: +44 (0)20 7260 1000

Broker

Arden Partners plc

Corporate Finance: John Llewellyn-Lloyd/ Elliot Mustoe

Corporate Broking: James Reed-Daunter

Tel: +44 (0)207 614 5900

Financial PR 

FTI Consulting

Dido Laurimore/ Giles Barrie

Tel: +44 (0)20 3727 1000

palacecapital@fticonsulting.com

Palace Capital plc (www.palacecapitalplc.com)