RESI leaves the Watch List after sales news.

Social Housing REIT plc

(the “Company“, together with its subsidiaries, the “Group“)

Strategic Acquisition of Senior Living Portfolio

Proposed acquisition of a Senior Living portfolio, for cash and shares issued at EPRA NTA, delivering high-single digit EPS accretion1 in the first full financial year and proposed change of Investment Objective and Investment Policy

The Board of Social Housing REIT plc is pleased to announce it has entered into a conditional agreement with Resi Portfolio Holdings Limited, a wholly-owned subsidiary of Residential Secure Income plc (“ReSI“), for the purchase of its portfolio of senior living assets for a headline purchase price of approximately £108.3 million (the “Acquisition“) to be funded via a combination of cash and newly issued Shares.

The consideration for the Acquisition is a mix of cash and newly issued Shares as follows:

·      £45 million payable in cash on completion, to be funded via the Group’s own cash resources and a new £30 million debt facility (the “Cash Consideration“);

·      Approximately £62.3 million to be satisfied by issue of 66,103,233 new Shares (the “Initial Consideration Shares“) on completion at an issue price equal to the Company’s EPRA NTA as at 31 December 2025 of 94.23p per Share; and

·      £1 million of the purchase price will be deferred until the Completion Accounts have been finalised (the “Deferred Amount“).