SIR.L Regulatory News (SIR)

2 July 2014

Secure Income REIT Plc (the "Company")

Block Listing Application

and

Issue of Shares in connection with pre-existing arrangements

On 29 May 2014, in connection with its admission to trading on AIM (and as disclosed in the related admission document dated 30 May 2014), the Company entered into a Commitment Agreement with its six pre-IPO investors (the "Existing Investors") in order to fund (in whole or in part) the Company's payment of its contracted advisory fee to Prestbury Investments LLP, its investment adviser, during the period from admission of the Company's shares to trading on AIM on 5 June 2014 to 10 July 2016 (the "Commitment Agreement Period").

Under the terms of the Commitment Agreement, which has been in place since 29 May 2014, the cash funding of the advisory fee is required to be satisfied by way of subscription for shares. Consequently, each Existing Investor has agreed to subscribe for one ordinary share of 10 pence each (a "Share") per quarter over the Commitment Agreement Period amounting to an aggregate of 54 new Shares. The total subscription price payable by the Existing Investors for the Shares to be issued to them in a quarter is equal to the advisory fee payable by the Company to Prestbury in respect of that quarter (subject to a maximum aggregate subscription price of £1,321,244 per quarter).

The Company announces that an application has been made to the London Stock Exchange for a block listing of securities in respect of these 54 Shares to be issued from time to time during the Commitment Agreement Period. The new Shares issued under the block listing will rank pari passu in all respects with existing Shares. It is expected that admission of the first 6 shares to be issued under this arrangement will become effective at 8.00am on 7 July 2014 ("Admission"). The Company will notify the market of the balance under this block listing facility on a six monthly basis following Admission.

In respect of these arrangements, the Company also announces that it was notified on 1 July 2014 that on 1 July 2014 each Existing Investor, including PIHL Property LLP (an entity connected to Nick Leslau, a director of the Company), subscribed under the terms of the agreement for one new Share, in aggregate six new Shares in respect of the funding of the advisory fee for the period from 5 June 2014 to 30 June 2014 as follows:

(1) The subscription amount is payable by the Existing Investors pro rata to their respective pre-IPO percentage ownership of the Company

Nick Leslau, a Director of the Company, is deemed to be interested in all of the shares held by PIHL Property LLP and the Saper Trust. Following the subscription for one Share by PIHL Property LLP, he is interested in 42,676,956 Shares (25.34% of the Company's issued share capital) in total, an increase of one Share.

Following admission, and in accordance with the Disclosure and Transparency Rules, the Company's issued voting ordinary share capital will be comprised of 168,443,760 Shares, an increase of six Shares. There are no Shares held in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the ordinary share capital of the Company under the Disclosure and Transparency Rules.

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