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

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

22 June 2022

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

On 20 June 2022, Dr Louisa Bell, Non-Executive Director of Industrials REIT, has purchased 20,000 shares in the

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                               Dr Louisa Bell

 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)
                                         £1.74375                   20,000

 d)   Aggregated information

      - Aggregated volume                20,000

      - Price                            £34,875

 e)   Date of the transaction            2022-06-20

 f)   Place of the transaction           London Stock Exchange, XLON

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 with a primary listing on the London Stock Exchange and a secondary listing on the
JSE. The objective of the Company is to deliver a combination of sustainable growing income and growth in value
to its investors. Industrials REIT focuses on owning and operating a diversified portfolio of UK purpose built multi-
let industrial (MLI) estates across the UK. The Company aspires to be the leading MLI business in the UK. For
further information, go to

Date: 22-06-2022 12:30:00
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.