Residential Sec Regulatory News (RESI)

20 December 2023

Residential Secure Income plc

("ReSI plc" or the "Company")

Statement regarding Investment Manager

The Board of Residential Secure Income plc notes the announcement from Gresham House plc ("Gresham House") that the scheme of arrangement, published on 4 August 2023, to implement the acquisition of Gresham House by Seed Bidco Limited pursuant to Part 26 of the Companies Act 2006 ("Scheme") has become effective on 19 December 2023.

The Scheme implements the terms of the recommended cash offer of Seed Bidco Limited, a newly incorporated entity formed by funds advised by Searchlight Capital Partners, L.P. and its affiliates, for the entire issued share capital of Gresham House (the "Acquisition").

The Company's Investment Manager and AIFM is Gresham House Asset Management Limited (the "Investment Manager"), which is wholly owned by Gresham House.

The Board of the Company is not currently expecting any change to the relationship between the Company and the Investment Manager and has been informed that the Gresham House leadership team and all key individuals that currently manage ReSI plc will remain in place.

ENDS

For further information, please contact:

Gresham House Real Estate

Ben Fry +44 (0) 20 7382 0900

Sandeep Patel

Peel Hunt LLP

Luke Simpson +44 (0) 20 7418 8900

Huw Jeremy

KL Communications

Charles Gorman gh@kl-communications.com

Henry Taylor +44 (0) 20 3995 6699

Charlotte Francis

About ReSI plc

Residential Secure Income plc ("ReSI plc" LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns with a focus on two resident sub-sectors in UK residential - independent retirement rentals and shared ownership - underpinned by an ageing demographic and untapped and strong demand for affordable home ownership.

As at 30 September 2023, ReSI plc's portfolio comprises 3,295 properties, with an audited IFRS fair value of £345mn1.

ReSI plc's purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through meeting demand from housing developers, housing associations, local authorities, and private developers for long-term investment partners to accelerate the development of socially and economically beneficial affordable housing.

ReSI plc's subsidiary, ReSI Housing Limited, is registered as a for-profit Registered Provider of social housing, and so provides a unique proposition to its housing developer partners, being a long-term private sector landlord within the social housing regulatory environment. As a Registered Provider, ReSI Housing can acquire affordable housing subject to s106 planning restrictions and housing funded by government grant.

About Gresham House and Gresham House Real Estate

Gresham House is a specialist alternative asset manager committed to operating responsibly and sustainably, taking the long view in delivering sustainable investment solutions.

Gresham House Real Estate has an unparalleled track record in the affordable housing sector over 20 years.

Gresham House Real Estate offers long term equity investments into UK housing, through listed and unlisted housing investment vehicles, each focused on addressing different areas of the affordable housing problem. Each fund aims to deliver stable and secure inflation-linked returns whilst providing social and environmental benefits to its residents, the local community, and the wider economy.

Further information on ReSI plc is available at www.resi-reit.com, and further information on Gresham House is available at www.greshamhouse.com