Fact Sheet Announcement

RNS Number : 2440I

Real Estate Credit Investments Ltd

20 November 2025

Real Estate Credit Investments Limited

Investment Manager Fact Sheet

Real Estate Credit Investments Limited (the "Company" or "RECI"), a non-cellular company incorporated in Guernsey, is pleased to announce that its Investment Manager's monthly Fact Sheet as at 31 October 2025 is now available on the Company's website at:

https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1

MONTHLY UPDATE

As at 31 October 2025, the Company was invested in a diversified portfolio of 24 investments with a valuation of £281.9m. The Company's available cash was £32.6m and net effective leverage was 25.3%.

During the month, RECI committed £1.9m into a senior loan with profit participation for the acquisition of three business parks to be redeveloped as housing in the UK.

September NAV	141.7p
Interest income	0.7p
Asset valuations	-0.8p
FX	0.1p
Expenses	-0.2p
October NAV	141.5p

ASSET VALUATIONS

Movements in NAV due to asset valuations amounted to negative £1.6m in the month. These related primarily to the valuation of the equity upside on a London student housing asset (position two in top 10) due to an extended hold period and write downs to our French office loans.

Asset Valuations
UK Student Acc	-0.6p
French Offices	-0.3p
Other	0.1p
	-0.8p

For further information please contact:

Broker:	Darren Vickers / Alex Collins (Panmure Liberum)	+44 (0)20 3100 2222
Investment Manager:	[email protected] (Cheyne)	+44 (0)20 7968 7450

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DOCUKOBRVRUAAAA