Change of Adviser

10 MARCH 2016

Specialist Investment Properties plc

 (the "Company" or "SIPP")

Change of Adviser

The Company is pleased to announce that it has appointed Allenby Capital Limited ("Allenby") as its nominated adviser and broker. This decision has been made in light of Allenby's acquisition of the corporate finance function of the Company's previous nominated adviser, Sanlam Securities (UK) Limited, and the Company's desire to retain continuity with one of its key advisers.

For further information:

Specialist Investment Properties plc

Derek Short / David Craine

+44 (0) 1624 626586

Allenby Capital Limited (Nomad and Broker to the Company)

Simon Clements / James Thomas

+44 (0) 20 3328 5656