27 October 2025

Grainger plc
("Grainger", the "Group", or the "Company")

Statement on Rent Reform Bill

Grainger plc, the UK's largest listed provider of private rental homes and leader in the Build to Rent (BTR) sector, notes the progress of the Renters' Rights Bill, which has been passed by the House of Commons and will now move to receive Royal Assent before the end of 2025, with implementation expected in 2026.

Helen Gordon, Chief Executive of Grainger, said:

"We welcome the passage of the Renters' Rights Bill, which we believe will raise standards across the private rented sector while ensuring the market remains attractive to long-term, responsible investors. The abolition of no-fault evictions, when coupled with court reform and robust processes for addressing poor tenant behaviour, strikes the right balance between improving security for renters and protecting communities.

"By confirming that rents will remain aligned to the open market and ruling out rent controls, the Government is providing stability for investors and landlords, while ensuring reforms deliver stronger rights and greater confidence for renters. These reforms align closely with Grainger's business model and our focus on providing high-quality, mid-market rental homes with excellent service, enabling residents to put down roots and thrive in their communities.

"We also welcome the Government's acknowledgement of BTR and support for the sector as part of the Bill's implementation plans. Wider Government policy focus on increasing housing supply and removing barriers in the planning system reinforces a supportive regulatory environment consistent with our strategy. We will continue proactive engagement with policymakers to ensure we remain well-positioned to benefit from these developments.

"As the Bill moves to Royal Assent, we are ready to implement these changes with immediate effect if required, although implementation is not expected until 2026. This is due to our leading approach to operations, well-established processes and the high standards across our portfolio. We look forward to continuing to work with policymakers to ensure its implementation supports both renters and the continued investment needed to deliver more homes across the UK."

-ENDS-

For further information, please contact:

Investor Relations

Kurt Mueller, Grainger plc:                                                            +44 (0) 20 7940 9500

Media

Ginny Pulbrook / Geoffrey Pelham-Lane, Camarco:                     +44 (0) 20 3757 4992 / 4985                  

About Grainger
Grainger plc is the UK's largest listed residential landlord and a market leader in the UK private rented sector. Grainger is focused on growing its private rented sector portfolio through its market leading build-to-rent investment and operational platform. Grainger has a national portfolio of over 11,000 rental homes, with a further c.4,500 build-to-rent homes in its £1.3bn pipeline.