Proposed Purchase and Placing of Shares

26 January 2021

Raven Property Group Limited ("Raven" or the "Company")

Proposed purchase by the Company of its own ordinary shares

and

Proposed purchase of existing ordinary shares and preference shares by the Company and its executive management through a joint venture

and

Proposed placing of existing ordinary shares and preference shares of the Company

The Board of Raven announces that the Company has entered into discussions with Invesco Asset Management Limited (acting as agent for certain of its discretionary managed clients) to acquire all of its ordinary shares and preference shares. The purchase prices under discussion in respect of the ordinary shares and preference shares are 21.6 pence per share and 90.8 pence per share respectively.

If concluded the transaction will entail 9,850,350 ordinary shares being bought by the Company and cancelled, 100,000,000 ordinary shares and 32,500,000 preference shares being acquired by a newly formed joint venture vehicle, comprising the Company together with its executive directors and certain senior executives (and their related entities), with the remaining 46,824,074 ordinary shares and 31,071,616 preference shares being conditionally placed with investors.

Any such transaction will be conditional, inter alia, on ordinary shareholders and preference shareholders passing the resolutions necessary to authorise the transaction.

It is anticipated that the share purchases by the Company and the joint venture vehicle described above will be funded through a loan facility with VTB Bank.

Glyn Hirsch, Group Chief Executive, also provided the following update:

"We are pleased to say that, despite all the global uncertainty, our portfolio continues to trade well with very little impact from the pandemic in the second half of the year. The financial results for the year to 31 December 2020 will be announced on 15 March 2021."

A further announcement will be made as and when appropriate.

The information contained within this announcement is considered by Raven Property Group Limited to constitute inside information pursuant to Article 7 of EU Regulation No. 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.

The person responsible for arranging for the release of this announcement on behalf of the Company is Benn Garnham, Company Secretary.

Contacts / Enquiries

About Raven Property Group

Raven Property Group Limited was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares and Preference Shares are listed on the Main Market of the London Stock Exchange and admitted to the Official List of the Financial Conduct Authority and the Official List of The International Stock Exchange ("TISE"). Its Ordinary Shares also have a secondary listing on the main board of the Johannesburg Stock Exchange and the Moscow Stock Exchange. The Group operates out of offices in Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.9 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don, Novosibirsk and Nizhny Novgorod and 49,000 square metres of commercial office space in St Petersburg. For further information visit the Company's website: www.theravenpropertygroup.com