4 October 2024

PICTON PROPERTY INCOME LIMITED

('Picton' or the 'Company')

LEI: 213800RYE59K9CKR4497

Notice of Directorate Change

Picton announces that Lena Wilson is to step down as Chair and Non-Executive Director on 31 January 2025. This follows her recently announced appointment as Chair of First Group plc and expected increase in time commitment.

The Board will commence a search for a suitable successor, with the transition and appointment process being led by Mark Batten, the Company's Senior Independent Director, acting as Interim Chair of the Nomination Committee.

Michael Morris, Chief Executive, commented: "I would like to thank Lena for her leadership, guidance, and valued contribution during her time with Picton. The Board and team wish her every success in her new role."

This notification is made in accordance with UKLR 6.4.6R(2).

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

For further information:

Picton

Kathy Thompson, Company Secretary

020 7011 9988, kathy.thompson@picton.co.uk

About Picton

Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index.

Picton owns and actively manages a £718 million UK commercial property portfolio, invested across 48 assets and with around 350 occupiers (as at 30 June 2024).

Through an occupier focused, opportunity led approach, Picton aims to be one of the consistently best performing diversified UK REITs and has delivered upper quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch. 

With a portfolio strategically positioned to capture income and capital growth, currently weighted towards the industrial sector, Picton's agile business model provides flexibility to adapt to evolving market trends over the long-term.

Picton has a responsible approach to business and is committed to being net zero carbon by 2040.

For more information please visit:www.picton.co.uk

ENDS