Statement re press speculation

Industrial Multi Property Trust plc

Statement re press speculation

The Board of Industrial Multi Property Trust (the "Company") notes a press comment today and announces that it has received an unsolicited proposal (the "Proposal") from a third party to acquire the entire property portfolio of the Company by way of a sale and purchase agreement.

The Board considers that the Proposal undervalued the Company's assets significantly and therefore has rejected it. The Proposal was subject to several conditions, including the granting of a 60 day exclusivity period and due diligence.

The price indicated in the Proposal was at a previous portfolio valuation (as published in the Company's 2015 Annual Report and Consolidated Financial Statements) which was lower than the current published portfolio valuation. Furthermore, the Proposal did not consider loan facility repayment penalties or other costs of winding-up and hence shareholders would have received an amount which was at a substantial discount to the Company's current Net Asset Value ("NAV") per share.

The Board unanimously believes that the active management initiatives are being reflected in the growing portfolio value and, together with an improving secondary commercial property market, further value improvements are expected. As previously announced, The Board continues to target a refinancing of the portfolio in the fourth quarter of this year when certain of the Company's loan facilities (which continue to December 2018) can be repaid without penalty. If a refinancing is not possible the Board will continue to review alternative ways to improve shareholder value.

For further information, please contact:

Tom PissarroFund Manager, Alpha Real Capital LLP

+44(0) 20 7391 4714

Alastair Moreton/Rose RamsdenFinancial Adviser and Broker, Stockdale Securities Ltd

+4(0) 20 7601 6118