TR-1: standard form for notification of major holdings

(Registered in Guernsey)
(Registration number 64865)
LSE share code: MLI JSE share code: MLI
(“Industrials REIT” or the “Company”)


1. Issuer Details


Issuer Name
Industrials REIT Limited

UK or Non-UK Issuer

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Public Investment Corporation SOC Limited

City of registered office (if applicable)

Country of registered office (if applicable)
South Africa

4. Details of the shareholder (if different from 3.)
Name      City of registered office                  Country of registered office

5. Date on which the threshold was crossed or reached

6. Date on which Issuer notified

7. Total positions of person(s) subject to the notification obligation
                                   % of voting          % of voting rights
                                                                                 Total of both    Total number of
                                   rights attached to   through financial
                 .                 shares (total of     instruments (total of
                                                                                 in % (8.A        voting rights held
                                                                                 8.B)             in issuer
                                   8.A)                 8.B 1   8.B 2)

  Resulting situation
  on the date on which
                                   3.172%                                        3.172%           9,343,160
  threshold was
  crossed or reached

  Position of previous
  notification (if                 4.175%                                        4.175%

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 indirect
                     Number of direct voting                                % of direct voting   % of indirect voting
ISIN code(if                                 voting rights
                     rights (DTR5.1)                                        rights (DTR5.1)      rights (DTR5.2.1)
possible)                                    (DTR5.2.1)

GG00BFWMR296         9,343,160                                              3.172%

Sub Total 8.A        9,343,160                                              3.172%

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                                                NIL                                          NIL

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
                          date         period                 settlement               rights              rights

Sub Total 8.B2                                                                         NIL                 NIL

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 through
                                   % of voting rights if it                              Total of both if it equals
                                                            financial instruments if it
Ultimate controlling person        equals or is higher than                              or is higher than the
                                                            equals or is higher than the
                                   the notifiable threshold                              notifiable threshold
                                                            notifiable threshold

Public Investment
Corporation SOC                    3.172%                                                3.172%

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

12. Date of Completion
03 November 2022

13. Place of Completion
Pretoria, South Africa

4 November 2022

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 Johannesburg
Stock Exchange. 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: 04-11-2022 01:00:00
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