Financing Update

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Alternative Income REIT PLC

(the "Company" or "Group" or "AIRE")

14 September 2026

Financing Update

The Board of Directors of Alternative Income REIT PLC (ticker: AIRE) announces that it has received a reservation of rights letter from HSBC UK Bank plc ("HSBC") in relation to the £41 million facility agreement dated 2 September 2025 between, amongst others, the Company and HSBC (the "Facility Agreement").

The letter has been issued by HSBC following the offer by Glenstone REIT plc ("Glenstone") being declared unconditional which constituted a change of control (the "Change of Control") for the purposes of the Facility Agreement.

As a result of the Change of Control, HSBC is not obliged to fund any future utilisations under the Facility Agreement, and has the right, amongst other matters, to demand repayment of the amounts drawn down under the Facility Agreement together with accrued interest.

As at the date of this announcement, HSBC has not requested repayment of any amounts outstanding under the Facility Agreement.

The Group continues to meet its obligations as they fall due and continues to operate in the ordinary course.

The Company has introduced HSBC to Glenstone for discussions in connection with the Change of Control.

ENQUIRIES

The Company's LEI is 213800MPBIJS12Q88F71.

Further information on Alternative Income REIT PLC is available at www.alternativeincomereit.com1.

1 Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website or any other website, is incorporated into, or forms part of, this announcement nor, unless previously published on a Regulatory Information Service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

Market Abuse Regulation

The information contained within this announcement is considered to constitute inside information as stipulated under Article 7 of the Market Abuse Regulations (EU) No.596/2014 as incorporated into UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a regulatory information service, this inside information will be considered to be in the public domain.

NOTES

Alternative Income REIT PLC aims to generate a sustainable, secure and attractive income return for shareholders from a diversified portfolio of UK property investments, with a particular focus on alternative and specialist real estate sectors. The majority of the assets in the Group's portfolio are let on long leases which contain index linked rent review provisions.