TR-1: Standard form for notification of major holdings INDUSTRIALS REIT LIMITED (formerly 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 An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name Ameriprise Financial, Inc. City of registered office (if applicable) Minneapolis Country of registered office (if applicable) United States 4. Details of the shareholder Name City of registered office Country of registered office Harewood Nominees 5. Date on which the threshold was crossed or reached 07-Mar-2022 6. Date on which Issuer notified 09-Mar-2022 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights through financial Total number of attached to shares instruments (total of Total of both in voting rights held . (total of 8.A) 8.B 1 8.B 2) % (8.A 8.B) in issuer Resulting situation on the date on which threshold 9.457000 0.587000 10.044000 29352804 was crossed or reached Position of previous notification (if 7.553000 0.000000 7.553000 applicable) 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 shares Number of direct ISIN code (if voting rights Number of indirect % of direct voting % of indirect voting possible) (DTR5.1) voting rights (DTR5.2.1) rights (DTR5.1) rights (DTR5.2.1) GG00BFWMR296 0 27637514 0.000000 9.457000 Sub Total 8.A 27637514 9.457000% 8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)) Number of voting rights that may be % of Type of financial Expiration Exercise/conversion acquired if the instrument is voting instrument date period exercised/converted rights Sub Total 8.B1 8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b)) Type of financial Expiration Exercise/conversion Physical or cash Number of voting % of voting instrument date period settlement rights rights CFD Cash 1715290 0.587000 Sub Total 8.B2 1715290 0.587000% 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 through financial if it equals or is insturments if it Total of both if it higher than the equals or is higher equals or is higher Unltimate controlling Name of controlled notifiable than the notifiable than the notificable person undertaking threshold threshold threshold Ameriprise Financial, Inc. 0.000000 0.000000 0.000000% Columbia Threadneedle Ameriprise Investments UK 0.000000 0.000000 0.000000% Financial, Inc. International Limited BMO Global Ameriprise Asset 0.000000 0.000000 0.000000% Financial, Inc. Management (Europe) Limited BMO Asset Ameriprise Management 0.000000 0.000000 0.000000% Financial, Inc. (Holdings) Plc Ameriprise BMO AM Capital 0.000000 0.000000 0.000000% Financial, Inc. (Group) Limited BMO AM Capital Ameriprise (Holdings) 0.000000 0.000000 0.000000% Financial, Inc. Limited Ameriprise BMO AM Capital 0.000000 0.000000 0.000000% Financial, Inc. (UK) Limited Ameriprise Thames River 9.457000 0.587000 10.044000% Financial, Inc. Capital LLP 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 Thames River Capital LLP is wholly owned by BMO AM Capital (UK) Limited, which is wholly owned by BMO AM Capital (Holdings) Limited, which is wholly owned by BMO AM Capital (Group) Limited, which is wholly owned by BMO Asset Management (Holdings) Plc, which is wholly owned by BMO Global Asset Management (Europe) Limited, which is wholly owned by Columbia Threadneedle Investments UK International Limited, which is wholly owned by Ameriprise Financial, Inc. 12. Date of Completion 09-Mar-2022 13. Place Of Completion Swindon, UK 10 March 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 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 www.industrialsreit.com Date: 10-03-2022 01:00:00 Produced by the JSE SENS Department. 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