Industrials REIT achieves ambitions to become fully multi let industrial focused with German care home sale INDUSTRIALS REIT LIMITED (Registered in Guernsey with registration number 64865) LSE share code: MLI JSE share code: MLI ISIN: GG00BFWMR296 (“Industrials REIT” or the “Company”) 5 April 2023 INDUSTRIALS REIT ACHIEVES AMBITIONS TO BECOME FULLY MULTI LET INDUSTRIAL FOCUSED WITH GERMAN CARE HOME SALE Industrials REIT, the UK multi-let industrial (“MLI”) property company, announces the sale of its interest in a German care home joint venture. The deal completes Industrials REIT’s five-year transition to become a 100% UK MLI business, with the Company now operating over seven million square feet of MLI assets located around towns and cities in England, Scotland and Wales. Net proceeds from the exit totalled £15.6 million (€17.8 million), which the Company will use to fund further MLI acquisitions in the UK. Paul Arenson, CEO of Industrials REIT, said: “The sale of our German care home interest is a significant milestone, being the final non MLI investment remaining in our portfolio. It means we are fully focused on our UK MLI business following a £600 million plus five-year disposal programme. Our goal now is to continue scaling our UK MLI platform.” For further information: Industrials REIT Limited 44(0)20 3918 6600 Paul Arenson (firstname.lastname@example.org) Julian Carey (email@example.com) James Beaumont (firstname.lastname@example.org) Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000 Hugh Jonathan Vicki Paine FTI Consulting (PR Adviser) 44(0)20 3727 1000 Richard Sunderland Richard Gotla Neel Bose email@example.com Java Capital 27 (0)11 722 3050 (JSE Sponsor) About Industrials REIT: Industrials REIT is a UK REIT with a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. The objective of the Company is to deliver a combination of sustainable growing income and growth in value to its investors. Industrials REIT focuses on owning and operating a diversified portfolio of UK purpose built multi-let industrial (MLI) estates across the UK. The Company aspires to be the leading MLI business in the UK. For further information, go to www.industrialsreit.com. Date: 05-04-2023 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.