Annual Results Update

INDUSTRIALS REIT LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: MLI JSE share code: MLI
ISIN: GG00BFWMR296
("Industrials REIT" or the "Company")


18 May 2023


Annual Results Update


Following publication of the scheme document ("Scheme Document") on 9 May 2023 relating to the
recommended final cash offer by Sussex Bidco LP for the entire issued and to be issued share capital
of the Company (the "Acquisition") by means of a court sanctioned scheme of arrangement under
Part VIII of the Companies (Guernsey) Law 2008 (the "Scheme") and, subject to the satisfaction of the
outstanding conditions contained in the Scheme Document, including obtaining the requisite
approvals of the Company's shareholders at the Court Meeting and General Meeting (each as defined
in the Scheme Document) and the sanction of the Scheme by the Royal Court of Guernsey, the Scheme
is expected to become effective on 21 June 2023.

The Company therefore announces that it does not intend to publish its annual results for the year
ended 31 March 2023 on the 9 June 2023 as previously stated in its 2023 financial calendar. If the
Scheme does not become effective in accordance with its terms, the Company will publish its annual
results for the year ended 31 March 2023 in accordance with the relevant deadlines of the LSE and
JSE.

For further information:
Industrials REIT Limited                                                       44(0)20 3918 6600
Paul Arenson (paul.arenson@industrials.co.uk)
Julian Carey (julian.carey@industrials.co.uk)
James Beaumont (james.beaumont@industrials.co.uk)

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
industrialsreit@fticonsulting.com

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: 18-05-2023 02:00:00
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