Holding(s) in Company

16 August 2016

Specialist Investment Properties plc

("the Company")

Holdings in Company

The Company has been informed that on Monday 15 August 2016, the pension fund of which Graham Shore is the beneficiary acquired 184,000 shares in the Company, representing 1.4 per cent of the issued share capital of the Company. Graham Shore is a director of Shore Capital Limited, the parent company of Puma Investment Management Limited, the Investment Advisor to the Company. He is also beneficially interested in the shares of Shore Capital Group Limited, which through a subsidiary itself holds a substantial shareholding in the Company. This holding is 2,847,687 shares, representing 21.6 per cent of the issued share capital of the Company.

The Company was also informed that on the same date David Kaye, the Chief Executive of Puma Investment Management Limited and a shareholder of that company, acquired 69,000 shares in the Company representing 0.5 per cent of the issued share capital of the Company.

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

+44 (0) 20 7167 6433