Dividend Declaration

8 March 2019

Palace Capital plc

("Palace Capital" or the "Company")

Dividend declaration

Palace Capital (LSE: PCA), the Main Market listed property investment company that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London, is pleased to announce that it will pay a quarterly dividend of 4.75 pence per ordinary share on 12 April 2019 to shareholders on the register as at 22 March 2019. The dividend is in respect of the three months ended 31 December 2018.

For further information, contact:

Palace Capital plc

Neil Sinclair, Chief Executive

Stephen Silvester, Finance Director

Tel. +44 (0)20 3301 8331

Numis Securities

Heraclis Economides / Oliver Hardy

Tel: +44 (0)20 7260 1000

Arden Partners plc

Paul Shackleton / Ciaran Walsh / Alex Penney

Tel. +44 (0)207 614 5900

FTI Consulting (Financial PR)

Claire Turvey / Methuselah Tanyanyiwa

palacecapital@fticonsulting.com 

Tel. +44 (0)20 3727 1000

This announcement contains information which, prior to its disclosure, was inside information for the purpose of the Market Abuse Regulation ("MAR").

About Palace Capital plc (www.palacecapitalplc.com):

Palace Capital plc (LSE: PCA) is a Main Market listed property investment company that has a c.£300 million diversified portfolio of UK regional commercial property. The Company maintains a disciplined investment strategy focused on towns and cities outside of London that are characterised by thriving local economies and strengthening fundamentals. Within those locations, the highly experienced management team selects assets that provide opportunity to drive both capital value and long-term rental income through tailored active asset management programmes, ultimately delivering attractive shareholder returns.