Fact Sheet Announcement

This announcement contains inside information

Date and time of release: 9 November 2022, 7:00 am

Real Estate Credit Investments Limited

Investment Manager Fact Sheet

Real Estate Credit Investments Limited (the "Company"), a non-cellular company incorporated in Guernsey, is pleased to announce that its Investment Manager's monthly Fact Sheet as at 31 October 2022 is now available on the Company's website at:

https://www.recreditinvest.com/investors/fact-sheets/

The highlights of the monthly update are provided below:

• NAV as at 31 October 2022 was £1.490 per share, representing an increase of 0.7p per share from the 30 September 2022 NAV of 1.483 per share.

• The change in NAV per share was due to:-

• 1.0p of interest income;

• 0.2p of negative mark-to-market ('MTM') adjustments across the bond portfolio, due to continued yield-widening across bond market; and

• 0.1p of operating costs.

• During the month of October 2022, RECI committed £45.2m to a senior development loan to support the development of a student accommodation facility in London. This deal is floating rate, has an expected yield of 10.6%, an entry LTV of 55% and an expected exit date of December 2025.

• The Company expects to deploy its currently available cash resources in near term commitments and continues to see a growing pipeline of senior loans at attractive floating rates.

For further information please contact:

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