Supermarket Income Regulatory News (SUPR)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY SECURITIES IN THE COMPANY IN THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN OR THE REPUBLIC OF SOUTH AFRICA (UNLESS AN EXEMPTION UNDER THE RELEVANT SECURITIES LAWS IS AVAILABLE) OR IN ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

15 November 2017

Supermarket Income REIT plc

(the "Company")

LEI: 2138007FOINJKAM7L537

RESULT OF PLACING

The Board of Directors of Supermarket Income REIT plc is pleased to announce that it has raised gross proceeds of £20 million (the "Placing") to fund the proposed acquisition of an additional supermarket asset, pursuant to the terms and conditions set out in the Company's announcement on 26 October 2017.

The Company has received applications from investors exceeding the maximum gross proceeds. As applications for Placing Shares have exceeded the maximum gross proceeds, a scaling back exercise has taken place. Accordingly, the Board has resolved to accept applications in respect of 19,999,999 new ordinary shares of ("Placing Shares") at 100.0 pence per Placing Share, raising gross proceeds of £20 million.

Application has been made for all of the Placing Shares to be admitted to trading on the Specialist Fund Segment of the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that Admission will take effect, and dealings in the Placing Shares will commence at 8.00 a.m. (London time) on 17 November 2017.

The Placing Shares will, when issued, be credited as fully paid and will rank pari passu with the existing ordinary shares, including the right to receive all future dividends and distributions declared, made or paid after the date of issue.

Immediately following Admission, the Company will have 119,999,999 ordinary shares in issue and therefore the total voting rights in the Company will be 119,999,999. This figure may be used by shareholders as the denominator for the calculations by which they may determine whether or not they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Placing Shares allocated will be issued to placees through the CREST system unless otherwise stated. The Placing Shares will be eligible for settlement through CREST with effect from Admission. Share certificates in respect of the Placing Shares are expected to be despatched in the week commencing 27 November 2017 or as soon as possible thereafter.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Nick Hewson, Chairman of Supermarket Income REIT plc, said:

 "The Board is delighted with the success of this placing. The positive response from both existing shareholders and new investors is testament to their confidence in and support for both our strategy and our longer-term ambitions. The proceeds allow us to deliver the proposed acquisition which, if completed, will add another supermarket fulfilling online grocery delivery, extend the average lease length of our portfolio, enhance the portfolio yield and provide further asset diversification".

Dealing codes

For further information, please contact:

Atrato Capital Limited +44 (0)20 3790 8087

Ben Green

Steve Windsor

Steve Noble

Stifel Nicolaus Europe Limited +44 (0)20 7710 7600

Mark Young

Neil Winward

Tom Yeadon

Tavistock +44 (0)20 7920 3150

Jeremy Carey

James Whitmore

James Verstringhe

Important Information

This announcement is restricted, and is not for publication, release or distribution, directly or indirectly, in whole or in part or in part, in, into or from the United States, Australia, Canada, Japan, the Republic of South Africa or any other jurisdiction in which such publication or distribution would be unlawful.

This announcement is not an offer for sale or subscription in any jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of any such jurisdiction. This announcement is not an offer of or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Neither the United States Securities and Exchange Commission nor any securities regulatory authority of any state or other jurisdiction of the United States has approved or disapproved of an investment in the securities or passed upon or endorsed the merits of the Placing or the accuracy or adequacy of the contents of this announcement. Any representation to the contrary is a criminal offence in the United States. No public offering of securities is being made in the United States. No money, securities or other consideration from any person inside the United States is being solicited and, if sent in response to the information contained in this announcement, will not be accepted.

Stifel, which is authorised and regulated in the United Kingdom by the FCA, is acting for the Company and no one else in relation to the Placing and they will not be responsible to anyone other than the Company for providing the protections afforded to customers of Stifel or for providing advice in relation to any matter contained in this document or any matter or arrangement referred to in it. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Stifel, or by any of its affiliates or agents, as to or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly is claimed.

Certain statements in this announcement may be forward-looking. Although the Company believes that the expectations reflected in these forward looking statements are reasonable, it can give no assurance or guarantee that these expectations will prove to have been correct. Because these statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward looking statements.