Interim Dividend

GROUND RENTS INCOME FUND PLC

Interim Dividend

Ground Rents Income Fund plc today announces a maiden interim ordinary dividend for the period from 23 April 2012 to 31 December 2012 of 0.35 pence per share as follows:

Ex-Dividend Date - 2 January 2013

Record Date - 4 January 2013

Payment Date - 25 January 2013

No Property Income Distribution ("PID") is included in this interim dividend.

20 December 2012

FOR FURTHER INFORMATION CONTACT:

Simon Wombwell (Director) +44 (0)207 499 6424

N+1 Singer (Broker) +44 (0)20 7496 3000

James Maxwell / Jenny Wyllie

Appleby Securities (Channel Islands) Limited (Sponsor) +44 (0)1481 755620

Gemma Campbell