5 December 2023

Residential Secure Income plc

 Directorate Change

The Board of Residential Secure Income plc ("ReSI" or the "Company") (LSE: RESI) hereby announces that John Carleton has notified the Board of his intention to retire as a Director of the Company. It has been agreed that John Carleton's retirement will take effect on 22 February 2024, prior to the Company's forthcoming Annual General Meeting. Accordingly, John Carleton will not stand for re-election.

John Carleton commented "I have greatly enjoyed being a member of the Board for the past 6 years. A large part of my professional career has been in the provision of affordable housing. ReSI has been ground breaking in enabling Housing Associations to free up their balance sheets in order to invest in building more affordable housing."

The Chairman of the Board, Rob Whiteman commented "We would like to thank John for everything he has done for the Company having been a member of the Board since the Company listed in 2017."

The Board would like to express their appreciation to John Carleton for his hugely valuable contribution to the Company during his tenure as Director. The Board wish him well in his future endeavours.

In light of the current economic market, and the impact this has had on the growth of the Company, the Board do not believe that at this time it would be in the best interests of the Company and its members to incur the expense of appointing an additional director.

Other than as set out above, there are no items requiring disclosure under paragraph 9.6.13 of the UKLA's Listing Rules.

For further information, please contact:

About ReSI plc

Residential Secure Income plc ("ReSI plc" LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns with a focus on two resident sub-sectors in UK residential - independent retirement rentals and shared ownership - underpinned by an ageing demographic and untapped and strong demand for affordable homeownership.

As at 30 September 2023 ReSI plc's portfolio comprises 3,295 properties, with an audited IFRS fair value of £345mn¹

ReSI plc's purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through meeting demand from housing developers, housing associations, local authorities, and private developers for long-term investment partners to accelerate the development of socially and economically beneficial affordable housing.

ReSI plc's subsidiary, ReSI Housing Limited, is registered as a for-profit Registered Provider of social housing, and so provides a unique proposition to its housing developer partners, being a long-term private sector landlord within the social housing regulatory environment. As a Registered Provider, ReSI Housing can acquire affordable housing subject to s106 planning restrictions and housing funded by government grant.

About Gresham House and Gresham House Real Estate

Gresham House is a specialist alternative asset manager committed to operating responsibly and sustainably, taking the long view in delivering sustainable investment solutions.

Gresham House Real Estate has an unparalleled track record in the affordable housing sector over 20 years.

Gresham House Real Estate offers long term equity investments into UK housing, through listed and unlisted housing investment vehicles, each focused on addressing different areas of the affordable housing problem. Each fund aims to deliver stable and secure inflation-linked returns whilst providing social and environmental benefits to its residents, the local community, and the wider economy.

Further information on ReSI plc is available at www.resi-reit.com, and further information on Gresham House is available at www.greshamhouse.com

1. Excluding the finance lease gross up