Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Real Estate Credit Investments PCC Limited

1. Name of the issuer

Real Estate Credit Investments PCC Limited

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R; or (ii) a disclosure made in accordance with section 793 of the Companies Act (2006); or (iii) paragraph 26 of the Model Code

(i)

3. Name of person discharging managerial responsibilities/director

Bob Cowdell

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

Director only

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Beneficial interest in respect of the person named in 3 above

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of no par value

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Hargreaves Lansdowne Nominees Limited A/C15942 as a registered holder of shares in the HL Vantage Stocks and Shares ISA

8. State the nature of the transaction

Automatic dividend reinvestment - through ISA plan

9. Number of shares, debentures or financial instruments relating to shares acquired

138 ordinary shares

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.0002%

11. Number of shares, debentures or financial instruments relating to shares disposed

N/A

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13. Price per share or value of transaction

165.875 pence per share

14. Date and place of transaction

London Stock Exchange - 12 April 2016

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

9,060 Ordinary shares, being 0.0124% of the issuer's issued share capital

16. Date issuer informed of transaction

13 April 2016

17. Any additional information

None

18. Name of duly authorised officer of issuer responsible for making notification

Sharon Wrench - 01481 704 543

For and behalf of State Street (Guernsey) Limited

Date of notification

13 April 2016