Board Appointment

BOARD APPOINTMENT

Grit Real Estate Income Group Limited, a leading and award-winning pan-African impact real estate company focused on investing in, developing and actively managing a diversified portfolio of assets underpinned by predominantly US$ and Euro denominated long-term leases with high quality multi-national tenants announces the appointment of Mrs Lynette Finlay to the board of Grit (the "Board") as independent Non-Executive Director with effect from 24 March 2023. She has also been appointed as a member of the Investment Committee. 

Mrs Finlay has extensive experience in the commercial property sector, including being the first woman president of SAPOA (South African Property Owners Association), the recognised body representing the real estate industry in Southern Africa. She also previously served as Non-Executive Director of Growthpoint Properties, the largest listed REIT on the Johannesburgh Stock Exchange with investments in South Africa, Eastern Europe, Australia and Africa. Her 11 year tenure saw her serve as Chairman of the Property and Investment Committee, Chairman of the Audit Committee and member of the Social Ethics and Transformation Committee.

Mrs Finlay is a Chartered Accountant and has received multiple awards including the Inyathelo award for women in philanthropy, a merit award for most influential women in business and was the first recipient of the commercial property industry 5 Star Women Award. She is the co-founder of Nurturing Orphans of Aids for Humanity, which cares for over 100 000 orphaned children.

Mrs Finlay will continue in her roles as CEO of South African focused Amabutho Investment Managers, an asset management company specialising in the sourcing and managing of commercial property investments, and  Emerging African Property Holdings, a commercial property investment company.

Aside from the information set out in the announcement above, no further information is required to be disclosed pursuant to Listing Rule 9.6.13R.

Peter Todd, Non-Executive Chairman of Grit, commented:

"The Board looks forward to welcoming Lynette to the Board of Grit and working closely with her. Her depth of knowledge, wealth of wide-ranging experience in all areas of commercial property as well as her relationships across the region will make a significant contribution to the further growth of Grit and delivering further value to our shareholders."

By order of the Board

24 March 2023

FOR FURTHER INFORMATION, PLEASE CONTACT:

NOTES:

Grit Real Estate Income Group Limited is the leading pan-African impact real estate company focused on investing in, developing and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors.

The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income and capital growth.

The Company holds its primary listing on the Main Market of the London Stock Exchange (LSE: GR1T and a secondary listing on the Stock Exchange of Mauritius (SEM: DEL.N0000).

Further information on the Company is available at www.grit.group

Directors: Peter Todd (Chairman), Bronwyn Knight (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, David Love+, Sir Samuel Esson Jonah+, Catherine McIlraith+, Jonathan Crichton+,  Cross Kgosidiile and Lynette Finlay+.

(* Executive Director) (+ independent Non-Executive Director)

Company secretary: Intercontinental Fund Services Limited

Registered office address: PO Box 186, Royal Chambers, St Julian's Avenue, St Peter Port, Guernsey GY1 4HP

Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited

SEM authorised representative and sponsor: Perigeum Capital Ltd

UK Transfer secretary: Link Assets Services Limited

Mauritian Sponsoring Broker: Capital Markets Brokers Ltd

This notice is issued pursuant to the FCA Listing Rules, SEM Listing Rule 15.24 and the Mauritian Securities Act 2005. The Board of the Company accepts full responsibility for the accuracy of the information contained in this communiqué.