Ground Rents Income Fund plc

Transaction in own shares

Ground Rents Income Fund plc (the "Company") announces that on Friday 5 November 2021 it purchased 130,000 of its ordinary shares at a price of 76 pence per share, to be cancelled.

Following this purchase, the Company's issued share capital consists of 96,480,497 ordinary shares of 50p each, the total number of shares in treasury is 0 and the total number of voting rights in the Company is 96,480,497.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

Enquiries:

Schroder Investment Management Limited

Tel: 020 7658 6000

Singer Capital Markets (Broker)

James Maxwell / Kailey Aliyar

020 7496 3000

Appleby Securities (Channel Islands) Limited (Sponsor)

Andrew Weaver / Chris Smedley

01534 888 777