Posting of notice of general meeting and proposed migration to a secondary listing on the JSE INDUSTRIALS REIT LIMITED (Formerly Stenprop Limited) (Registered in Guernsey with registration number 64865) LSE share code: MLI JSE share code: MLI ISIN: GG00BFWMR296 (“Industrials REIT” or the “Company”) 20 January 2022 POSTING OF NOTICE OF GENERAL MEETING AND PROPOSED MIGRATION TO A SECONDARY LISTING ON THE JSE Shareholders are referred to the announcement released on SENS and RNS on 15 December 2021 regarding the transfer of the Company’s Ordinary Shares to the premium segment of the Official List of the Financial Conduct Authority (the “LSE Transfer”). The terms defined in that announcement bear the same meaning as in this announcement, where appropriate. The LSE Transfer took place on 20 December 2021. In addition to the LSE Transfer, the Company will, subject to obtaining the requisite shareholder approval, submit an application for the migration of the listing of its Ordinary Shares from a primary listing to a secondary listing on the Main Board of the Johannesburg Stock Exchange (the “JSE Migration”). The Company will dispatch a notice of general meeting (the “Notice”) to shareholders today, Thursday 20 January 2022, to convene a general meeting where shareholder resolutions will be proposed to give effect to the JSE Migration (the “General Meeting”). The Notice is also available on the Company’s website: https://www.industrialsreit.com/investor-information/circulars-and-notices/. The General Meeting will be held at Governor’s House, 5 Laurence Pountney Hill, London EC4R 0BR, United Kingdom on Wednesday, 9 February 2022 at 9:00 a.m. GMT / 11:00 a.m. SAST. The record date on which shareholders must be recorded in the Company’s share register in order to attend and vote at the General Meeting is Friday, 4 February 2022 by 5.00 p.m. GMT / 7.00 p.m. SAST. Should shareholders vote in favour of the requisite resolutions at the General Meeting, the JSE Migration is expected to take effect from 11 February 2022. For further information: Industrials REIT Limited 44(0)20 3918 6600 Paul Arenson (email@example.com) Julian Carey (firstname.lastname@example.org) James Beaumont (email@example.com) 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 firstname.lastname@example.org Java Capital 27 (0)11 722 3050 (JSE Sponsor) About Industrials REIT: Industrials REIT is a UK REIT traded on the LSE and the JSE. The objective of the Company is to deliver sustainable growing income to its investors. Industrials REIT invests in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to www.industrialsreit.com. Date: 20-01-2022 04:00:00 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.