Q4 Rent Collection Update

12 October 2020

Yew Grove REIT plc

(the "Company" or "Yew Grove")

Q4 Rent Collection Update

Yew Grove REIT plc (LSE:YEW, Euronext:YEW), which owns a diversified portfolio of Irish commercial property assets, is pleased to announce another positive rent collection update.

Rent Collection Update

Yew Grove is pleased to announce that rent collections in the fourth quarter are effectively 100%, having collected 99.95% of the amounts due with the balance expected shortly. This follows from Q2 and Q3 collections of 97% and 98% respectively. The Company had agreed temporary rent holidays for non-food retail businesses (accounting for c.1% of rent roll). Those businesses have now reopened and rent is being collected. In addition, we had agreed a rent deferral for a tenant that had been affected by the suspension of non-Covid related hospital treatments. That business has now recovered and is paying rent and repaying the deferral.

Jonathan Laredo, Chief Executive of Yew Grove, commented:

"We are pleased that our tenants' businesses have recovered sufficiently that we could record increased collections for the fourth quarter despite the continued challenging market conditions.

"We continue to talk to each of our building occupiers to ensure the ongoing management and improvement of their buildings. We are also working actively on rent reviews and new leases and will update the market when we make material progress.

"The strength of our tenants and the Company's rent collections and asset management underpin the Company's quarterly dividends, which have risen throughout 2020 despite the pandemic. We announced a 1.3 cents per share dividend on 30 September 2020 and expect these strong collection numbers to feed through to the final quarter dividend."

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Forward-looking Statements

Certain information contained in this announcement may constitute forward looking information. This information relates to future events or occurrences or the Company's future performance. All information other than information of historical fact is forward looking information. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", "predict" and "potential" and similar expressions are intended to identify forward looking information. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that this information will prove to be correct and such forward looking information included in this announcement should not be relied upon. Forward-looking information speaks only as of the date of this announcement. The forward looking information included in this announcement is expressly qualified by this cautionary statement and is made as of the date of this announcement. The Company and its group does not undertake any obligation to publicly update or revise any forward looking information except as required by applicable securities laws.

Notes to editors

Yew Grove REIT plc, quoted on the London Stock Exchange's AIM market and on the Euronext Growth Market in Dublin, is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property. Yew Grove has a particular focus on well-tenanted commercial real estate assets comprising of office and industrial assets outside of Dublin's Central Business District.

Yew Grove's highly experienced team has a proven track record in commercial property investment and asset management in Ireland and internationally and is focused on delivering results. Its investment approach is strategic, not speculative, principally on assets that are let, pre-let or to be let after refurbishment. Shareholders are provided with stable, long-term income from a diverse portfolio of commercial property comprising well-tenanted real estate in strategic centres let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.