18 November 2025

Ground Rents Income Fund plc

("GRIO" or the "Company")

Non-executive director appointment

Ground Rents Income Fund plc announces the appointment of Judith MacKenzie as an Independent Non-Executive Director of the Company, with effect from 17 November 2025.

Judith is an experienced investment professional with fund management, investment trust and private equity experience. She is currently a Partner and member of the Executive Committee at Downing LLP and Head of Downing Fund Managers. Downing LLP has over £2 billion of funds under management. Previous roles include Senior Investment Manager at Aberdeen Asset Management Growth Capital and Partner at Acuity Capital Management LLP. Judith is currently a Non-Executive Director (and former Chair) of the Quoted Companies Alliance.

Judith's appointment follows the announcement on 16 September 2025 that Barry Gilbertson will retire as Non-Executive Chair of the Company and from the Board of Directors at the time of publication of the 2025 Annual Report, currently expected during December 2025. It is proposed that Judith will succeed Barry as Chair.

Enquiries:

Schroder Real Estate Investment Management Limited

Chris Leek

020 7658 6000

Singer Capital Markets (Financial Adviser & Broker)

James Maxwell / Sam Butcher (Investment Banking)

Sam Greatrex (Sales)

020 7496 3000

Appleby Securities (Channel Islands) Limited (Sponsor)

Andrew Weaver / Michael Davies

01534 888 777

FTI Consulting

Richard Gotla / Oliver Parsons

0203 727 1000

JTC (UK) Limited (Company Secretary)

Ruth Wright

+44 207 409 0181