Results of general meeting 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”) 9 February 2022 Results of general meeting The Industrials REIT general meeting was held earlier today (in terms of the notice of general meeting dispatched to shareholders on Thursday, 20 January 2022). A poll was held on each of the resolutions proposed and the results of the poll are set out below. Resolutions 1 and 2 were passed as ordinary resolutions and resolution 3 was passed as a special resolution by the requisite majority of shareholders. As a result, migration of the listing of the Company’s ordinary shares from a primary listing to a secondary listing on the Main Board of the Johannesburg Stock Exchange will take effect from Friday, 11 February 2022. Details of the results of voting at the general meeting are as follows: - total number of Industrials REIT shares that could have been voted at the general meeting: 290,785,827; and - total number of Industrials REIT shares that were voted in person or by proxy at the general meeting: 127,325,322 (being 43.79% of the total number of shares that could have been voted at the meeting). Ordinary resolutions Resolution 1: To authorise the Company’s migration to a secondary listing on the Johannesburg Stock Exchange with effect from 11 February 2022 (the “JSE Migration”). Shares voted* For Against Abstentions^ 127,325,322, being 127,318,998, being 6,324, being 0.00% 426,932, being 42.62% 100.00% 0.14% Resolution 2: To authorise the Industrials REIT Limited SAYE Share Option Plan. Shares voted* For Against Abstentions^ 127,325,322, being 124,260,803, being 3,064,519, being 426,932, being 42.62% 97.59% 2.41% 0.14% Special resolutions Resolution 3: That the amended articles of incorporation be adopted as the articles of incorporation of the Company in substitution for, and to the exclusion of, the existing articles of incorporation of the Company with effect from completion of the proposed JSE Migration. Shares voted* For Against Abstentions^ 127,180,449, being 127,174,125, being 6,324 being 0.00% 571,805, being 42.57% 100.00% 0.19% * shares voted in relation to the total shares in issue, being 298,775,175. ^ in relation to total shares in issue, being 298,775,175. In accordance with LR 9.6.2 of the Financial Conduct Authority’s Listing Rules, copies of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism 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 London Stock Exchange and the Johannesburg Stock Exchange. 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: 09-02-2022 05:00:00 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.