Transaction in Own Shares

23 December 2011

Real Estate Credit Investments PCC Limited (the "Company" or "RECI PCC")

Transaction in own shares

Real Estate Credit Investments PCC Limited announces that on 22 December 2011 it purchased 250,000 preference shares at a price of 92.5p per share. The purchased shares are expected to be held in treasury.

Following the above purchase, the Company has a total of 47,657,804 preference shares in issue. The number of preference shares purchased represented 0.52% of the total preference shares in issue prior to such purchases. The preference shares do not hold voting rights.

For further information, please contact:

Public Relations: Henrietta Dehn +44 (0)20 7920 2328

Investor Relations: Nicole Von Westenholz +44 (0)20 7968 7482