Update on Compulsory Redemption of Shares

9 November 2015

Public Service Properties Investments Limited

(the "Company")

Update on the Compulsory Partial Redemption of Shares

On 26 October 2015 the Company announced the Compulsory Partial Redemption of approximately 15.2 million ordinary shares at 36.5p per ordinary share redeemed. Effective on 9 November 2015, the Company has compulsory redeemed 15,172,643 ordinary shares for a total consideration of £5,538,014.70. The previous ISIN VGG729481058 expired at the close of business on 6 November 2015 (the "Record Date") and the new ISIN VGG729641446 was enabled from 9 November 2015.

The Company's share capital now comprises 22,759,054 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 11 November 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: