Amendment to Circular

10 July 2012

Public Service Properties Investments Limited("PSPI" or the "Company")

Amendment to Pro-Forma Statement included in the Circular dated 6 July 2012

As announced on 6 July 2012, PSPI (AIM:PSPI), the specialist European real estate investment and financing company, published a circular to provide shareholders with further information on the conditional agreement that was entered into by the Company on 4 July 2012 to combine the majority of the UK property portfolio of the Group with the assets and business of the European Care Group, the Group's sole UK tenant, in a non-cash transaction and to convene a general meeting (Circular). Capitalised terms in this announcement shall have the same meaning as set out in Part IX of the Circular unless otherwise defined.

Part VI of the Circular contained an unaudited pro-forma statement of net assets of the Continuing Group (Pro-Forma Statement), based on the audited consolidated balance sheet of the Company as at 31 December 2011 and adjusted as described in the notes set out in the Pro-Forma Statement.

Note 5 to the Pro-Forma Statement was incorrect and should have read:

"(5) Long term borrowings include £13.9 million of debt at 31 December 2011 which will mature in less than twelve months at 30 June 2012, which has not been adjusted above."

In addition, the penultimate sentence of paragraph 2 of Part I of the Circular stated: "The European Care Group would, if it performed in line with its business plan to 2016, be expected to have net debt of approximately £316. This sentence should have read: "The European Care Group would, if it performed in line with its business plan to 2016, be expected to have net debt of approximately £316 million."

The Company has sent a letter to all Shareholders regarding these amendments and a revised Circular is available on its website, www.pspiltd.com.

 For further information, please visit www.pspiltd.com or contact: