Publication of Prospectus

Yew Grove REIT plc

(the "Company" or "Yew Grove")

Publication of Prospectus, cancellation of trading on Euronext Growth and Admission to trading on the Main Market

25 May 2021 - Yew Grove REIT plc (LSE:YEW, Euronext: YEW), which owns a diversified portfolio of Irish commercial property assets, is pleased to announce the publication of a prospectus (the "Prospectus") in connection with the listing of its entire issued ordinary share capital (the "Ordinary Shares") on the primary listing segment of the Official List of Euronext Dublin and admission to trading on the regulated market of Euronext Dublin (the "Main Market") (together "Admission").

It is expected that Admission will become effective, and that unconditional dealings in the Ordinary Shares on the Main Market will commence at 8.00 a.m. on 28 May 2021. Shortly before Admission, the trading of the Ordinary Shares on the Euronext Growth market will be cancelled. The Company will retain its quote on the AIM market of the London Stock Exchange.

The Company is not raising any funds or issuing any new Ordinary Shares in connection with Admission. No Ordinary Shares have been offered or marketed to the public in connection with Admission, or the publication of the Prospectus. Following Admission, the Company's Ordinary Shares will continue to be registered with their existing ISIN number of IE00BDT5KP12 and the Company's stock code will continue to be "YEW" on Euronext Dublin and "YEW" on the AIM Market of the London Stock Exchange. On Admission, there will be 124,922,210 ordinary shares in issue. Following Admission, transfers or sales of ordinary shares will be subject to Irish stamp duty. The rate of Irish stamp duty on shares is currently 1% of the higher of the consideration paid, or the market value of the shares. Where a charge to Irish stamp duty applies it is generally a liability for the transferee.

The Prospectus has been approved by the Central Bank of Ireland, is available for inspection on the Company's website at (www.ygreit.com/prospectus/). Copies of the Prospectus will also be available, on request, in printed form at the offices of the Company's solicitors, William Fry, at 6th Floor, 2 Grand Canal Square, Dublin 2, D02 A342, Ireland.

Goodbody Stockbrokers UC is acting as sponsor to the Company in connection with Admission.

For further information contact:

Goodbody Stockbrokers UC ("Goodbody") is acting as sponsor under the Euronext Dublin Listing Rules, and joint broker to the Company in connection with Admission. Goodbody is acting exclusively for the Company and no one else in connection with Admission and will not be responsible to any other person for providing the protections afforded to customers of Goodbody or for providing advice in relation to Admission.

This announcement is not an offer of securities for sale or subscription in any jurisdiction. This announcement is not a prospectus (or prospectus equivalent document). Investors should not subscribe for or purchase any shares in the Company based on this announcement. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The material set forth herein is for information purposes only and should not be construed as an offer of securities for sale in any jurisdiction.