YEW.L Regulatory News (YEW)

15 February 2019

Yew Grove REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

LTIP Option Awards / PDMR Notification

The Board of Yew Grove REIT plc (ticker: Yew) (the "Board") announces that on 15 February 2019, the Company granted Jonathan Laredo, the Company's Chief Executive Officer, Michael Gibbons the Company's Chief Investment Officer and Charles Peach, the Company's Chief Financial Officer, (together the "Executives") options at 1 cent per share over a total of 1,125,000 ordinary shares of €0.01 each in the Company ("Ordinary Shares") pursuant to the Company Long Term Incentive Plan (the "LTIP") pursuant to the 2019 financial year.

This is the first grant under the Company LTIP scheme since its Admission to trading on the London and Irish stock Exchanges and is made on the terms disclosed to investors at the time of Admission. The grant is equally divided between each of the Executive Directors so that each one of the Executive Directors is entitled to 375,000 Ordinary Shares subject to the satisfaction of the performance conditions described below.

The LTIP is subject to performance conditions under which 1/3 of the grant relates to a total return (defined as the annualised share price assuming the reinvestment of dividends) and where 30% of the award vests if the total return is at least 10% with 100% vesting at an annualised return of 15% and above. The return will be measured over the three years ending 31st December 2021. 1/3 of the grant is measured by reference to the Company Net Asset Value per share at 31st December 2021 with a 30% grant at 110 cents and a 100% grant at 120 cents. The final 1/3 vests on the dividend per share paid in respect of the year ended 31st December 2021 with 30% vesting at 6.0 cents per share and 100% at 7.5 cents and above. In each case the amount of the grant increases at a pre-determined pro-rata basis between 30% at the minimum level up to 100% at the maximum level.

The total number of Ordinary Shares over which options were granted on 12 February 2019 represents approximately 1.5 per cent. of the Company's issued share capital.

Enquiries:

Notes to editors:

Yew Grove REIT is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property, with a particular focus on well-tenanted commercial real estate assets comprising office and industrial assets let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.

Further information on the Company can be found on the Company's website at www.ygreit.com

APPENDIX I

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

 This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)