23 July 2024

PICTON PROPERTY INCOME LIMITED

('Picton' or the 'Company')

LEI: 213800RYE59K9CKR4497

Appointment of Non-Executive Director

The Board of Picton is pleased to announce the appointment of Helen Beck as an independent Non-Executive Director of the Company with effect from 1 August 2024. Helen will become Chair of the Remuneration Committee and a member of the Audit and Risk, Nomination and Property Valuation committees.

Helen has more than 25 years' experience in financial services, particularly in remuneration design, regulation and human resources. She was formerly a partner of Deloitte and, before that, was Global Head of Reward at Standard Bank, Head of McLagan Europe (part of Aon) and held roles in human resources at Fidelity International.

Helen has been a Non-Executive Director of Funding Circle Holdings plc since June 2021, where she chairs the Remuneration Committee and is a member of the Nomination, Audit and Risk and ESG committees. Until 18 April 2024, she was a Non-Executive Director of Ashmore Group plc.

As previously announced Maria Bentley will retire from the Board on 30 July 2024.

Lena Wilson, Chair of Picton, commented: "We are delighted to welcome Helen to Picton. Her executive career and non-executive experience will further complement and strengthen the Board."

There are no other details that are required to be disclosed in respect of Rule 9.6.13 of the Listing Rules.

For further information:

Picton

Kathy Thompson, Company Secretary

020 7011 9988, [email protected]

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 £745 million UK commercial property portfolio, invested across 49 assets and with around 400 occupiers (as at 31 March 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