Dividend Announcement

23 November 2012

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 period 1 July 2012 to 30 September 2012 of GBP 0.02 (a total amount of GBP 799,340). The dividend is to be paid on 31 December 2012 to ordinary shareholders on the register at the close of business on 7 December 2012. The ex dividend date is 5 December 2012.

For further information, please contact:

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

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