Cancellation of Preference Shares held in treasury

27 June 2013

Real Estate Credit Investments PCC Limited (the "Company")

Cancellation of Preference Shares held in treasury

The Company confirms that effective 27 June 2013 it has cancelled all of the 4,995,870 Preference Shares held in treasury. The remaining outstanding Preference shares in issue are 44,962,834.

For further information, please contact:

Public Relations: Henrietta Dehn +44 (0)20 7920 2328

Investor Relations: Nicole Von Westenholz +44 (0)20 7968 7482