Regional REIT : Annual Report and Accounts

6 May 2020

REGIONAL REIT Limited

('Regional REIT' or the 'Company')

ANNUAL REPORT AND ACCOUNTS

Following the release on 9 April 2020 of its preliminary results for the year ended 31 December 2019, Regional REIT (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, announces that it has today published its 2019 Annual Report and Accounts.

The Annual Report and Accounts will shortly be available to view on the Company's website atwww.regionalreit.comand, in accordance with the Listing Rule 9.6.1, will also be submitted to the National Storage Mechanism and will be available for inspection athttp://www.morningstar.co.uk/uk/NSM.

The Company's 2020 Annual General Meeting ('AGM') was due to be held on Thursday, 21 May 2020. Gven the COVID-19 situation, in particular the compulsory measures (the Stay at Home Measures) published by the Government on 23 March 2020 prohibiting public gatherings of more than two people, the Board has made the decision to postpone the Company's 2020 AGM. Notice of a revised time and date for the 2020 AGM will be circulated to all shareholders and published on our website (www.regionalreit.com) in due course.

This announcement is not a substitute for reading the 2019 Annual Report in full.

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About Regional REIT

Regional REIT Limited ('Regional REIT' or the 'Company') and its subsidiaries (the 'Group') is a United Kingdom ('UK') based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and Toscafund Asset Management LLP, the Investment Manager.

Regional REIT's commercial property portfolio is comprised wholly of income producing UK assets and comprises, predominantly, offices and industrial units located in the regional centres outside of the M25 motorway. The portfolio is highly diversified, with 160 properties, 904 tenants as at 31 December 2019, with a valuation of £787.9m.

Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core and core plus property assets. It aims to deliver an attractive total return to its Shareholders, targeting greater than 10% per annum, with a strong focus on income supported by additional capital growth prospects.

The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com.

Cautionary Statement

This document has been prepared solely to provide additional information to Shareholders to assess the Group's performance in relation to its operations and growth potential. The document should not be relied upon by any other party or for any other reason. Any forward looking statements made in this document are done so by the Directors in good faith based on the information available to them up to the time of their approval of this document. However, such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.

ESMA Legal Entity Identifier ('LEI'): 549300D8G4NKLRIKBX73