Notification and public disclosure of a transaction by a director in accordance with the Market Abuse Regulations

(formerly Stenprop Limited)
(Registered in Guernsey )
(Registration number 64865)
LSE share code: MLI JSE share code: MLI
("Industrials REIT" or the "Company")

3 February 2022

Notification and public disclosure of a transaction by a director in accordance with the Market Abuse

On 2 February 2022, Mr Richard Smith, Independent Non-Executive Director of Industrials REIT, purchased a total
of 15,000 shares in the Company.

This announcement is made in accordance with Article 19 of the UK Market Abuse Regulation.

 1    Details of the person discharging managerial responsibilities / person closely associated

 a)   Name                               Mr Richard Smith

 2    Reason for the notification

 a)   Position/status                    Independent Non-Executive Director

 b)   Initial notification /Amendment    Initial notification

 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction

 a)   Name                               Industrials REIT Limited

 b)   LEI                                5493004JYL71EMLTB211

 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
      transaction; (iii) each date; and (iv) each place where transactions have been conducted

 a)   Description of the financial Ordinary shares with a nominal value of €0.000001258
      instrument, type of instrument

      Identification code                GG00BFWMR296

 b)   Nature of the transaction and      Purchase of shares – Direct beneficial
      extent of director’s interest

 c)   Price(s) and volume(s)
                                         Price(s)                   Volume(s)
                                         £1.925                     15,000

 d)   Aggregated information

      - Aggregated volume                15,000

      - Price                            £28,875

 e)   Date of the transaction            2022-02-02

For further information:
Industrials REIT Limited                                                                      44(0)20 3918 6600
Paul Arenson (
Julian Carey (
James Beaumont

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

Java Capital                                                                                  27 (0)11 722 3050
(JSE Sponsor)

About Industrials REIT:
Industrials REIT is a UK REIT listed 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

Date: 03-02-2022 01:00:00
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