Dividend Declaration

20 September 2011

Real Estate Credit Investments Limited (the "Company")

Dividend Announcement

Ordinary Dividend

Real Estate Credit Investments Limited announces today that it declares an ordinary dividend for the period 31 March 2011 to 30 June 2011 of EUR 0.014. The dividend is to be paid on 21 October 2011 to ordinary shareholders on the register at the close of business on 30 September 2011. The ex dividend date is 28 September 2011.

For further information, please contact:

Public Relations: Kate Ruck Keene +44 (0)20 7920 2322

Investor Relations: Natalie Withers +44 (0)20 7968 7348