Revisions to Investment Management Arrangement

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22 August 2025

Home REIT plc

("HOME" or the "Company")

Revisions to Investment Management Arrangement

The Board of HOME REIT plc today announces that it has agreed with its investment manager, AEW UK Investment Management LLP ("AEW"), to revise the terms of its investment management agreement ("IMA") with the Company, reflecting the reduced size of the Company and the anticipated trajectory of the managed wind-down.

AEW was appointed as investment manager on 21 August 2023 for a fixed term of two years. Following expiry of the fixed term on 22 August 2025, under the original IMA, AEW was entitled to receive an investment management fee equal to 0.75% of net asset value per annum on an ongoing basis, subject to a minimum fee of £3 million per annum (increasing annually in line with inflation by the lower of RPI, CPI and 5% per annum from 21 August 2023).

Ahead of the expiry of the fixed term on 22 August 2025, the Board and AEW have agreed a revised agreement aligned to the Company's managed wind-down strategy and ongoing sale process.

Under the revised IMA, which is effective from 22 August 2025, AEW is entitled to a revised fee structure as follows:

· £167,000 per month to expire three months after the date on which the Company holds fewer than 10 properties.

· Thereafter, £120,000 per month for a period of three months.

· Thereafter, £42,000 per month until termination of the revised IMA.

· Subject to an aggregate annual cap of £1 million, 10% of gross rent collected from assets owned by the Company and 10% of rent arrears collected, including those recovered through liquidations.

The revised IMA may be terminated on six months' written notice and occur no earlier than 21 August 2026. The revised IMA includes other immaterial amendments.

The Company's unrestricted cash together with rental income are expected to be sufficient to fund the Company's operational expenses and fees during the managed wind-down.

Michael O'Donnell, Non-executive Chairman of the Company, commented: "The expiry of the Company's fixed-term IMA with AEW represented an opportunity to better align AEW's fee structure with the Company's managed wind-down strategy and ongoing sale process. The revised IMA reflects these priorities, preserving the incentive to recover rent arrears and optimise the performance of the portfolio whilst also unlocking significant potential cost savings as the sale process progresses. I would like to take this opportunity to thank AEW for their hard work and I expect our close working relationship to continue as the managed wind-down progresses."

FOR FURTHER INFORMATION, PLEASE CONTACT:

The Company's LEI is: 213800A53AOVH3FCGG44.

For more information, please visit the Company's website: www.homereituk.com