Urban Logistics REIT plc (SHED) Ordinary 1p

The Investment Objective is to deliver total investment returns through both income, with regular dividends providing Shareholders with a sustainable income stream that will grow over the medium term, and targeted capital growth which the Company believes will enhance Shareholders’ total return over the long term.

This fee structure runs until May 2024, when it will be replaced by the following fee structure, paid quarterly in arrears to Logistics Asset Management, the Investment Adviser appointed post period end 0.900% per annum of the Groups EPRA NTA up to and including 250 million 0.825% per annum of the Groups EPRA NTA in excess of 250 million and up to and including 500 million 0.775% per annum of the Groups EPRA NTA in excess of 500 million and up to and including 1 billion and 0.750% per annum of the Groups EPRA NTA in excess of 1 billion.

The Company pays dividends on the Ordinary Shares on a half-yearly basis with dividends declared in respect of the six months ending on 30 September and 31 March in each year.

Richard Moffitt

Richard Moffitt, aged 52 (Non-independent, Non-executive Director), Richard has over 25 years’ real estate investment experience. In recent years he has focused on both UK and European Markets, servicing CBRE’s industrial and logistics clients across a wide range of projects. Richard focused on expanding and developing the business in capital markets, tenant representation and agency spheres. Richard was a founding partner of M3 Agency LLP which he sold to CBRE in 2010. He has strong links to many of the leading institutional funds, property companies and developers active in the industrial/distribution sector and he brings an in depth market understanding and awareness of current issues, and a thorough understanding of owner and tenant requirements to the team. Richard is a member of The Chartered Institute of Logistics and Transport.

Nigel RichChairman, Bruce Anderson, Richard Moffitt, Heather Hancock, Lynda Heywood