Director Declaration

12 June 2014

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

Dividend Announcement

Ordinary Dividend for RECI LN (the Core shares)

Real Estate Credit Investments PCC Limited announces today that it declares an ordinary dividend for the Core for the period 1 January 2014 to 31 March 2014, of 2.7 pence per share (a total amount of GBP 1,966,099). The dividend is to be paid on 25 July 2014 to ordinary shareholders on the register at the close of business on 27 June 2014. The ex dividend date is 25 June 2014.

For further information, please contact:

Public Relations: Henrietta Dehn +44 (0)20 3540 6455

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