RAV.L Regulatory News (RAV)

7 May 2021

Raven Property Group Limited ("Raven" or the "Company")

Result of General Meeting and Class Meeting in connection with the conditional purchase by the Company of its own ordinary shares and the conditional purchase of existing ordinary shares and preference shares by the Company and its executive management through a joint venture

Raven is pleased to announce that at the General Meeting and Class Meeting, each held yesterday 6 May 2021, all resolutions were duly passed.

Following the approvals at the General Meeting and Class Meeting, the conditions necessary for the conditional purchase from the Invesco Funds:

· by the Company of the Company Buyback Shares;

· by Raven Holdings Limited (a newly formed company established as a 50:50 joint venture between the Company and the Executive Management Team) of the Joint Venture Purchase Shares; and

· by the Placees of the Placing Shares,

have each been satisfied and settlement will occur on 11 May 2021. The 9,850,350 Company Buyback Shares purchased by the Company pursuant to the buyback will be cancelled immediately upon settlement.

A summary of the votes lodged by proxy at the General Meeting is set out below:

*Special Resolution

IAM and the Invesco Funds, who are together interested in 156,674,424 Ordinary Shares representing approximately 26.77% of the Ordinary Share Capital, were not eligible to vote on Resolution 1 (in respect of the shares that are subject to the Company Buyback), 2 and 3 at the General Meeting.

The Executive Management Team, who are together interested in 58,404,872 Ordinary Shares representing approximately 9.98% of the Ordinary Share Capital, were not eligible to vote on Resolution 3 at the General Meeting.

A summary of the votes lodged by proxy at the Preference Shareholder Meeting is set out below:

*Special Resolution

Notes:

1. "Votes For" includes those giving the Chairman discretion and votes "For" and "Against" are expressed as a percentage of votes received.

2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution.

3. Total number of voting ordinary shares in issue at 6.00p.m. on 4 May 2021 was 585,353,766 Ordinary Shares. 80.93% of voting capital was instructed (this excludes the 6,000,000 shares currently held as Treasury shares).

4. Total number of Preference Shares in issue at 6.00p.m. on 4 May 2021 was 216,349,288 Preference Shares 48.21% of voting capital was instructed.

Copies of the resolutions passed at the General Meeting and Class Meeting will be available at the National Storage Mechanism and are available for viewing online at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Defined terms used in this announcement shall have the same meaning as set out in the Circular to Ordinary Shareholders dated 19 April 2021.

Expected Timetable

Enquiries

About Raven Property Group

Raven Property Group Limited was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares and Preference Shares are listed on the Main Market of the London Stock Exchange and admitted to the Official List of the UK Listing Authority and the Official List of The International Stock Exchange ("TISE"). Its Ordinary Shares also have a secondary listing on the main board of the Johannesburg Stock Exchange and the Moscow Stock Exchange. The Group operates out of offices in Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.9 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don, Novosibirsk and Nizhny Novgorod and 49,000 square metres of commercial office space in St Petersburg. For further information visit the Company's website: www.theravenpropertygroup.com