Update on unaudited financial position

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1 July 2026

Home REIT plc

("HOME" or the "Company")

Update on unaudited financial position

The Company today provides an update on the status of the sale of the remaining properties in the portfolio and its cash and cash equivalents position as at 30 June 2026.

Outstanding Property Sales Information:

A total of 39 properties were auctioned in May 2026, followed by 32 properties on 25 June 2026. The latter generated gross proceeds of £2.9m, with most expected to complete by 31 July 2026. The four properties remaining in the portfolio are expected to be auctioned in July 2026. Total gross proceeds in this year to date from auctions for the residual portfolio are £15.33m versus the equivalent August 2025 valuation of £16.26m.

As at 30 June 2026, being the latest practicable date prior to this announcement, the Company, together with its subsidiaries (the "Group"), had £3.4m of unrestricted cash; £100.8m held in short-term cash securities, such as low duration UK government bonds and money market funds; and cash in transit from solicitors for completed property sales of £4.4m. Further, the Group had a receivable of £25.0m from Patron Capital due on 1 April 2027, supported by a bank guarantee.

In the second calendar quarter the Group incurred £3.0 million in non-property operating expenses, primarily legal fees associated with defending itself against threatened litigation and in relation to the ongoing FCA investigation, as well as management fees. The Group expects certain costs to continue to trend down as the remaining properties are sold, however, legal fees are expected to remain material whilst the Company faces potential group litigation. 

Return of capital to shareholders

The Company has repeatedly indicated that the ability of the Company to make distributions to shareholders continues to be constrained whilst the Company faces potential group litigation or other claims.

A pre-action letter of claim was sent to the Company by Harcus Parker Limited on behalf of certain current and past shareholders of the Company in October 2023. No legal proceedings have been issued at this stage and correspondence is continuing between the parties. The Company continues to incur significant costs defending itself and its former directors from shareholder related potential litigation, which will ultimately affect any return of capital to shareholders. 

Michael O'Donnell, Non-executive Chair of the Company said: "The Board is pleased with the progress of the auction process, with the entirety of the residual portfolio expected to have either been sold or auctioned by the end of July. This represents a further important milestone in the delivery of the Company's Managed Wind Down strategy. Despite this encouraging progress on liquidating the Group's property assets, it remains a great frustration for the Board that our ability to make a distribution continues to be curtailed due to threatened shareholder litigation"

FOR FURTHER INFORMATION, PLEASE CONTACT:

The Company's LEI is: 213800A53AOVH3FCGG44.

For more information, please visit the Company's website: www.homereituk.com