21 November 2022

Warehouse REIT plc

(the 'Company' or 'Warehouse REIT')

Warehouse REIT strengthens finance and asset management teams with senior appointments

Warehouse REIT, the specialist urban and 'last-mile' industrial warehouse investor, announces that its external investment advisor, Tilstone Partners Limited, has appointed Nick Clayton to the newly created role of Head of Corporate Finance, and Henrietta Daniels as Asset Manager, heading up Warehouse REIT's 2.75 million sq ft North-West and Yorkshire portfolio.

Reporting directly to Paul Makin (Investment Director), Nick is responsible for the management and provision of strategic input across the Company's investment portfolio and corporate finance initiatives. He has oversight of a range of corporate activity as well as the investment cycle, including financial structuring, capital raising and management of due diligence. Nick will be based in the recently relocated Tilstone London office.

Nick brings over 18 years of real estate investment and corporate finance experience. He was previously Investment Director at sustainable real asset manager Astarte Capital, where he was responsible for identifying and sourcing investment opportunities and managing JV partnerships. Prior to that, he held roles at BlackRock and MGPA.

Based in the Chester office, Henrietta manages the majority Warehouse REIT's 2.75 million sq ft,         29-asset North West and Yorkshire portfolio, with responsibility for key local stakeholder relationships and delivering on the pipeline of value-enhancing initiatives.

Henrietta joins Tilstone Partners from JLL Manchester, where she managed a diverse portfolio of multi-let assets on behalf of institutional investors, specialising in executing sustainability-led initiatives. She brings eight years of multi-sector commercial property experience in the North of England and Scotland.

Paul Makin, Investment Director, Tilstone Partners, commented: "Nick and Henrietta both bring a range of technical skills combined with strong and relevant experience, significantly strengthening the Tilstone Partners team.  These appointments mean we remain well positioned to realise the embedded reversion from the portfolio through active asset management and judicious capital expenditure initiatives, thereby continuing our drive to further increase income, value and return to shareholders."

Enquiries

Tilstone Partners Limited

Andrew Bird, Paul Makin, Peter Greenslade

+44 (0) 1244 470 090

FTI Consulting (Financial PR & IR Adviser to the Company)

Dido Laurimore, Richard Gotla, Ellie Perham-Marchant

+44 (0) 7904 122207 / WarehouseReit@fticonsulting.com

Further information on Warehouse REIT is available on its website:

http://www.warehousereit.co.uk

About Warehouse REIT

Warehouse REIT plc invests in and manages urban and 'last-mile' industrial warehouse assets.

Our purpose is to own and manage warehouses in economically vibrant urban areas across the UK, providing the space our occupiers need for their businesses to thrive.

As we grow, our vision is to become the UK's warehouse provider of choice.

The Company is listed on the Main Market of the London Stock Exchange and is an alternative investment fund ("AIF") for the purposes of the AIFM Directive and as such is required to have an investment manager who is duly authorised to undertake the role of an alternative investment fund manager. The Investment Manager is G10 Capital Limited.