Placing Programme Close

Investors in Global Real Estate Limited ("IGRE" or "the Company")

(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 44714)

Placing Programme Update

14 July 2014

Further to the AGM held on 26 June 2014, at which the resolutions proposed to authorise the issue of shares on a non pre-emptive basis were not passed, the Board has decided to close the placing programme established in the Company's prospectus dated 18 November 2013 with immediate effect.

Enquiries:

Company website: www.igre.co.uk

Andrew Maiden

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel: +44 (0) 1481 745368

Email: ARM7@ntrs.com