Novation of investment advisory agreement

10 December 2019

Secure Income REIT Plc

(the "Company")

Novation of investment advisory agreement

The independent directors of Secure Income REIT Plc have approved the novation of the Company's Investment Advisory Agreement from Prestbury Investments LLP to Prestbury Investment Partners Limited, which has taken effect today. Prestbury's management activities are transferring from a limited liability partnership to a newly incorporated limited company, under exactly the same ownership and with access to the same resources, staff and insurance.

The contractual arrangements in the Investment Advisory Agreement including fees, term, key persons and service provision remain completely unchanged.

Ends

For further information on the Company, please contact:

About Secure Income REIT Plc

Secure Income REIT specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows.

At 30 June 2019, the Group's investment property portfolio (adjusted for the sale of eight hospitals after the balance sheet date) was valued at £2.1 billion, producing £111.1 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of 21.5 years with no breaks. All rental income is subject to fixed uplifts or RPI upwards only rent reviews with 59% of rental income subject to RPI-linked reviews and 41% having fixed uplifts.

The Group's portfolio comprises key operating assets let to strong businesses in defensive sectors with high barriers to entry. The RPI-linked rent reviews and fixed rental uplifts combine with fixed cost debt to drive healthy dividend growth, creating attractive and predictable returns.

The Company is advised by Prestbury Investments Partners Limited, owned by the team which advised Max Property Group plc until August 2014, when all of the assets of Max Property Group plc were sold to Blackstone Group. Prestbury is owned and run by a team of real estate and finance professionals including Nick Leslau, Mike Brown, Tim Evans, Ben Walford and Sandy Gumm.

The Company's Board is chaired by Martin Moore together with three further independent Directors: Leslie Ferrar, Jonathan Lane and Ian Marcus, as well as three members of the Prestbury Team: Nick Leslau, Mike Brown and Sandy Gumm.

The Company is a UK REIT which floated on the AIM market of the London Stock Exchange in June 2014.

The Company's LEI is 213800M1VI451RU17H40

Further information on Secure Income REIT is available at www.SecureIncomeREIT.co.uk.