Update on Compulsory Redemption of Shares

28 April 2015

Public Service Properties Investments Limited

("the Company")

Update on the Compulsory Partial Redemption of Shares

On 14 April 2015 the Company announced the Compulsory Partial Redemption of approximately 67 million ordinary shares at 23.875p per per ordinary share redeemed. Effective on 27 April 2015, the Company has compulsory redeemed 67,454,020 ordinary shares for total consideration of £16,099,871.93. The previous ISIN VGG729641024 expired at the close of business on 24 April 2015 (the "Record Date") and the new ISIN VGG729481058 was enabled from 27 April 2015.

The Company's share capital now comprises 37,931,697 ordinary shares of $0.01 each in issue and admitted to trading on AIM under the new ISIN.

The Company's registrar is expected to make payment on 1 May 2015 for the compulsory redeemed shares either through CREST or by issuance of a cheque depending on how shareholders held their shares on the Record Date.

For further information please visit www.pspiltd.com or call: