Regional Reit Regulatory News (RGL)

27 February 2020

REGIONAL REIT Limited

("Regional REIT", the "Group" or the "Company")

Q4 2019 Dividend Declaration: +2.5% FY 2019

Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, today announces its Q4 2019 dividend, making a 2.5% increase for the 2019 full year dividend distributions to shareholders.

The Company will pay a dividend of 2.55 pence per share ("pps") for the period 1 October 2019 to 31 December 2019. The dividend payment will be made on 9 April 2020 to shareholders on the register as at 6 March 2020. The ex-dividend date will be 5 March 2020. The entire dividend will be paid as a REIT property income distribution ("PID").

This fourth quarter dividend marks the Company's successful achievement of its annual distribution target, having paid a dividend of 1.90pps for each of the first three quarters of 2019.

In respect of the financial year 2019, Regional REIT has declared dividends amounting to 8.25pps. This increase of 2.5% from the 2018 full year dividend of 8.05pps has been made in accordance with the Company's intention to pursue a progressive dividend policy.

Stephen Inglis, CEO of London and Scottish Property Investment Management, the Asset Manager, commented:

"We are delighted to announce our fourth quarter 2019 dividend of 2.55pps, which is in-line with our full year 2019 target of 8.25pps.

Our 2019 preliminary results will be announced on the 26th March 2020, and we expect both EPRA earnings per share and EPRA net asset value per share to be in line with market expectations.

As previously announced, we are considering an equity fundraise to take advantage of the near term pipeline of accretive growth opportunities in the investment market, and we look forward to updating our shareholders in due course."

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About Regional REIT

Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and Toscafund Asset Management LLP, the Investment Manager.

Regional REIT's commercial property portfolio is comprised wholly of income producing UK assets and comprises, predominantly, offices and industrial units located in the regional centres outside of the M25 motorway. The portfolio is highly diversified, with 160 properties, 904 tenants as at 31 December 2019, with a valuation of £787.9m.

Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core and core plus property assets. It aims to deliver an attractive total return to its Shareholders, targeting greater than 10% per annum, with a strong focus on income supported by additional capital growth prospects.

The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com.

Cautionary Statement

This document has been prepared solely to provide additional information to Shareholders to assess the Group's performance in relation to its operations and growth potential. The document should not be relied upon by any other party or for any other reason. Any forward looking statements made in this document are done so by the Directors in good faith based on the information available to them up to the time of their approval of this document. However, such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.

ESMA Legal Entity Identifier ("LEI"): (549300D8G4NKLRIKBX73)