Acquisition of Herbrand Street

Market Tech Holdings Limited

("Market Tech" or the "Company" or "the Group")

Acquisition of Herbrand Street, a strategic real estate asset

Market Tech, bringing together the unique combination of iconic London real estate assets with digital technologies, is pleased to announce that it has completed the acquisition of the freehold of 7-11 Herbrand Street, London, WC1N 1AF ("Herbrand Street") for a total cash consideration of £58.2m (including stamp duty of £2.2m), at a low passing rent of £42 per sq. ft. reflecting a capital value of £876 per sq. ft. and a net initial yield of 4.8%.

Herbrand Street, with 66,406 sq. ft. of office space, has a unique architecture and wide floor plans which closely fits the Group's strategy to build a high quality, flexible and balanced portfolio of income-generating and development assets. Herbrand Street was originally commissioned by the Daimler Hire Company for its limousine operations and was comprehensively refurbished in 2000 and is leased to the European Headquarters of McCann, the global advertising agency, on a lease expiring in 2020.

Located in the London Borough of Camden, Herbrand Street has excellent proximity to existing transport infrastructure at Russell Square, Euston and King's Cross as well as the proposed Crossrail hub at Tottenham Court Road.

Commenting on the acquisition, Market Tech CEO, Charles Butler, said:

"Herbrand Street is an exciting addition to our growing estate, with strong yielding cash-flow and reversionary potential. This demonstrates our targeted approach to sourcing acquisitions across London with an ongoing focus on our core Camden estate.

"Our real estate strategy continues to be implemented as planned, with the Group's mix of income-generating and development assets designed to achieve shareholder value over the medium and long term - enhanced by the value-added services we offer tenants to help them grow their businesses."

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About Market Tech

Market Tech combines the iconic Camden Market real estate assets with digital technology to deliver a living, working, retail and leisure environment. The Company owns approximately 15 acres of real estate assets in Camden, including the Stables Market; Union Street Market, (also known as Buck Street Market); Camden Lock Market; and Hawley Wharf, (formerly known as Camden Lock Village). It also owns separate real estate assets on Camden High Street; Kentish Town Road; properties on Jamestown Road, (including the Camden Wharf Building); The Interchange Building on Oval Road, Utopia Village in Primrose Hill, 1-11 Hawley Crescent and 49 Chalk Farm Road.

The Company owns three e-commerce businesses, referred to as Market Tech Digital. These are Stucco Media, an e-commerce marketing platform, Glispa, a Berlin-based mobile marketing business and Fiver, a B2C online fashion retailer.

www.market-tech.com