12 January 2023

Home REIT plc

("Home REIT" or the "Company")

Response to media reports

Home REIT notes recent press coverage regarding two of its tenants, Big Help Group and Noble Tree Foundation, disputing their rental obligations to the Company.

In its full response on 30 November 2022 to a short selling report (the "Report"), the Company confirmed that it had no overdue arrears in relation to amounts billed to 31 August 2022. Since the publication of the Report, the Company has seen a general deterioration in its rent collection position and neither Big Help Group nor Noble Tree Foundation has paid rent contractually due for the quarter to 30 November 2022.

The Company is reviewing all options to obtain payment of overdue rent from its tenants and additionally is taking further mitigating actions, including additional resourcing and increased engagement with its tenants. In this regard the Company announces that it is at a late stage of appointing a specialist supported housing property manager that will assist the existing management team with tenant liaison and monitoring, rent collection and underlying asset performance. A further announcement on this will be made in due course.

FOR FURTHER INFORMATION, PLEASE CONTACT:

The Company's LEI is: 213800A53AOVH3FCGG44.

For more information, please visit the Company's website: www.homereituk.com

About Home REIT plc

Home REIT plc seeks to contribute to the alleviation of homelessness in the UK, whilst targeting inflation-protected income and capital returns, by funding the acquisition and creation of a diversified portfolio of high-quality accommodation assets across the UK which are dedicated to providing accommodation to homeless people. The accommodation assets are let or pre-let on very long (typically 20 to 30 years) leases, containing inflation-linked or fixed uplift rent review provisions, to registered charities, housing associations, community interest companies and other regulated organisations which have a proven operating track record in providing low-cost accommodation to homeless people and which receive housing benefit or comparable support from local or central government to fund the provision of such accommodation to homeless people.

There is a critical need for further accommodation for homeless people in the UK, due to an increasing homeless population and a lack of available and affordable high-quality, fit-for-purpose stock to address the problem. Local housing authorities are under a statutory duty to secure accommodation for individuals who are unintentionally homeless and in priority need but current accommodation for homeless people is limited in quantum and often sub-standard and uneconomical.

The Company focuses on investing in and creating well-located properties that provide a sustainable level of rent for the tenant. Within the homeless accommodation assets, there is a focus on care, support, training and rehabilitation to provide vulnerable homeless people with the skills and confidence to find long-term accommodation and enable them to reintegrate back into society. Savings are expected to be made to local authorities and other providers of accommodation to homeless people via lower rents versus more expensive alternative accommodation.

The Company is listed on the premium segment of the Official List of the UK Financial Conduct Authority and its Ordinary Shares were admitted to trading on the main market of the London Stock Exchange, premium segment, on 12 October 2020.