Major Shareholders

The information below is correct at 31 December 2019.

Issued Share Capital

186,420,598 Ordinary 10p shares.

The securities are currently traded on AIM.

There are currently no restrictions on the transfer of securities.

Major shareholders (3% or over)

J O Hambro Capital Management – 9.92%

Perpetual Income & Growth Investment Trust – 9.00%

Premier Fund Management – 7.70%

M&G Investment Management – 6.78%

PPS Bassi – 5.51%

Hargreaves Lansdown Asset Management – 5.12%

EFG Harris Allday – 4.92%

Miton Asset Management – 4.92%

Invesco Perpetual UK Strategic Income Fund – 4.57%

Ruffer Absolute Return Fund – 4.33%

Invesco Perpetual UK Equity Pension Fund – 4.18%

Aberdeen Standard Investments – 3.25%

CF Ruffer Total Return Fund – 3.23%

Shares not in public hands amounted to 24.55% of the Issued Share Capital.

REI PLC – REAL ESTATE INVESTORS PLC – AIM listed