TR-1: Standard form for notification of major holdings INDUSTRIALS REIT LIMITED (formally STENPROP LIMITED) (Registered in Guernsey) (Registration number 64865) LSE share code: MLI JSE share code: MLI ISIN: GG00BFWMR296 (“Industrials REIT” or the “Company”) TR-1: STANDARD FORM FOR NOTIFICATION OF MAJOR HOLDINGS 1. Issuer Details ISIN GG00BFWMR296 Issuer Name Industrials REIT Limited UK or Non-UK Issuer Non-UK 2. Reason for Notification Other Comments Transfer of holdings 3. Details of person subject to the notification obligation Name Bank of Montreal City of registered office (if applicable) Country of registered office (if applicable) CA 4. Details of the shareholder Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above City of registered office (if applicable) Country of registered office (if applicable) 5. Date on which the threshold was crossed or reached 05-Nov-2021 6. Date on which Issuer notified 08-Nov-2021 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights through financial Total of attached to shares instruments (total of 8.B both in % Total number of voting . (total of 8.A) 1 8.B 2) (8.A 8.B) rights held in issuer Resulting situation on the date on which threshold was crossed or reached 0.000000 0.000000 0.000000 0 Position of previous notification (if applicable) 5.35 0.000000 5.35 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached 8A. Voting rights attached to shares Class/Type of Number of direct Number of indirect shares ISIN code(if voting rights voting rights % of direct voting % of indirect voting rights possible) (DTR5.1) (DTR5.2.1) rights (DTR5.1) (DTR5.2.1) GG00BFWMR296 0 0 0.000000 0.000000 Sub Total 8.A 0 0.000000% 8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)) Number of voting rights that may Type of financial Expiration Exercise/conversion be acquired if the instrument is % of voting rights instrument date period exercised/converted Sub Total 8.B1 8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b)) Type of Expiration Exercise/conversion Physical or cash Number of financial % of voting rights date period settlement voting rights instrument Sub Total 8.B2 9. Information in relation to the person subject to the notification obligation 2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary) % of voting rights % of voting rights if it equals or is through financial Name of higher than the instruments if it equals Total of both if it equals or is Ultimate controlled notifiable or is higher than the higher than the notifiable controlling person undertaking threshold notifiable threshold threshold Bank of Montreal 10. In case of proxy voting Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional Information This disclosure is the result of Ameriprise Financial acquisition of BMO’s EMEA Asset Management business effective 8th November 2021. 12. Date of Completion 08-Nov-2021 13. Place Of Completion London 9 November 2021 JSE sponsor Java Capital Date: 09-11-2021 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.