Real Est.cred Regulatory News (RECI)

This announcement contains inside information

Date and time of release: 8 July 2022, 7:00 am

Real Estate Credit Investments Limited

Investment Manager Fact Sheet

Real Estate Credit Investments Limited (the "Company"), a non-cellular company incorporated in Guernsey, is pleased to announce that its Investment Manager's monthly Fact Sheet as at 30 June 2022 is now available on the Company's website at:

https://realestatecreditinvestments.com/investors/fact-sheets

The highlights of the monthly update are provided below:

• NAV as at 30 June 2022 was £1.519 per share, representing a decrease of 0.3p per share from the 31 May 2022 NAV of £1.522 per share.

• The change in NAV per share was due to:-

• 1.0p of interest income; and

• 1.3p of negative mark-to-market ('MTM') adjustments across the bond portfolio, due to yield-widening across the corporate bond market, largely driven by increasing inflationary pressures, rising interest rate projections and the war in Ukraine.

• During the month, RECI committed £24.9m across two loans:-

• £11.8m to a senior loan for land in the UK. This deal has an expected IRR of 9.5%, with an LTV of 60% and an expected exit date of June 2024.

• £13.1m to a senior core+ loan to a residential facility in the UK. This deal has an expected IRR of 7.4%, with an entry LTV of 65% and an expected exit date of December 2023.

• During the month of June 2022, one loan repaid:-

• A senior development loan in France repaid £2.4m to RECI. This deal repaid with an exit IRR of 11.6% and a multiple of 1.2x.

• The Company continues to see a pipeline of attractive opportunities and has a number of near-term commitments into which it can commit its available cash resources.

For further information please contact:

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