Real Est.cred Regulatory News (RECI)

18th December 2014

REAL ESTATE CREDIT INVESTMENTS PCC LIMITED

DIRECTOR's DECLARATION

Notification is made in accordance with LR 9.6.14 that Christopher Spencer, a director of Real Estate Credit Investments PCC Limited (the "Company"), has advised the Company that he has been appointed, with effect from 1 January 2015, as a director of Summit Germany Limited whose shares trade on the AIM market of the London Stock Exchange.

For further information please contact:

Public Relations: Henrietta Dehn +44 (0)20 3540 6455

Investor Relations: Nicole von Westenholtz +44 (0)20 7968 7482

The Company is an authorised closed-ended investment scheme domiciled in Guernsey. As an existing closed-ended fund the Company is deemed to be granted an authorisation declaration in accordance with section 8 of the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended and rule 6.02 of the Authorised Closed-ended Investment Schemes Rules 2008 on the same date as the Company obtained consent under the Control of Borrowing (Bailiwick of Guernsey) Ordinance 1959 to 1989.