Scrip Calculation for First Quarterly Dividend

5 September 2019

LONDONMETRIC PROPERTY PLC

Scrip Calculation Price for First Quarterly Dividend

On 21 August 2019, LondonMetric Property Plc ("Company") declared a first quarterly interim dividend of 2.0 pence per Ordinary Share ("Dividend") payable on 7 October 2019 to Shareholders on the register of members at the close of business on 30 August 2019.

The Company will offer Shareholders the opportunity to receive the Dividend in New Ordinary Shares instead of cash. The final Election Date is 18 September 2019.

The Scrip Calculation Price for the Dividend has been determined as 205.3 pence per Ordinary Share. This is the average closing mid-market price of an Ordinary Share for the five Business Days commencing with, and including, the Ex-dividend Date of 29 August 2019.

If Shareholders would like to elect for the Scrip Dividend Alternative they should consult the circular containing the terms and conditions of the Scheme ("Circular") which is available at www.londonmetric.com/investors/shareholder-information/dividends and www.morningstar.co.uk/uk/NSM.

Words and expressions defined in the Circular dated 8 September 2016, as updated from time to time, have the same meanings in this announcement.

-Ends-

For further information, please contact:

LondonMetric Property Plc +44 (0)20 7484 9000

Martin McGann

Gareth Price