Board Change

30 June 2016

Specialist Investment Properties plc

 (the "Company")

Board Change

The Company wishes to announce that David Craine is retiring from the board with effect from today, having served as a director since early 2005. The Board intends to appoint a new non-executive director and a further announcement will be made in due course.

Lynn Bruce, Director, commented: "I would like to thank David for his contribution to the Company over many years and particularly with our recent transition. He leaves the Company in a strong position going forward and I wish him well in his future endeavours."

For further information:

Specialist Investment Properties plc

Lynn Bruce

+44 (0) 1481 724222

Allenby Capital Limited (Nomad and Broker to the Company)

David Worlidge / James Thomas / Liz Kirchner

+44 (0) 20 3328 5656