SIR.L Regulatory News (SIR)

Director/PDMR Share Dealing

In accordance with AIM Rules, Secure Income REIT Plc confirms the following dealings on 24 March 2016 by directors of the Company in the Company's Ordinary Shares as part of the Secondary Placing as announced on 3 March 2016, all at a price of 255 pence per Ordinary Share:

(1) Prior to the Placing 42,619,491 Ordinary Shares were held by PIHL Property LLP and 57,471 Ordinary Shares were held by the Saper Trust. Lesray LLP, a partnership in which Nick Leslau has a 42.6 per cent legal interest and 50 per cent of the voting rights, beneficially owns 81.7 per cent of PIHL Property LLP. The Saper Trust is a trust whose beneficiaries include Nick Leslau.

(2) Following the Placing 22,466,914 Ordinary Shares are held by PIHL Property LLP and 57,471 Ordinary Shares are held by the Saper Trust. Lesray LLP, a partnership in which Nick Leslau has a 42.6 per cent legal interest and 50 per cent of the voting rights, beneficially owns 81.7 per cent of PIHL Property LLP. The Saper Trust is a trust whose beneficiaries include Nick Leslau.

(3) Prestbury Incentives is a wholly-owned subsidiary of the Investment Adviser. These shares were issued in settlement of incentive fees payable for the year ended 31 December 2014, as described in Part 2: Prestbury and the Investment Advisory Agreement of the Disclosure Document. Sufficient shares were sold in the Placing to meet the tax liability on receipt of the incentive fee. Nick Leslau, Mike Brown and Sandy Gumm are members of the Investment Adviser whose respective interests in the Investment Adviser for these purposes are: Nick Leslau - 59 per cent; Mike Brown - 15.5 per cent and Sandy Gumm - 7 per cent.

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