Dividend Update and Declaration

14 May 2020

Triple Point Social Housing REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

DIVIDEND UPDATE AND DECLARATION

Dividend Update

Following the collection of 100% of rents due for Q1 2020, the timely collection of rents due for April 2020, and all 107 leases that were due to increase their rents in April successfully increasing rents in line with CPI, the Company intends to maintain its strategy of paying a progressive dividend.

The Company is therefore targeting an aggregate dividend of 5.18 pence per Ordinary Share in respect of the financial year ending 31 December 2020¹, an increase of 1.7 per cent on the 5.095 pence per share paid in respect of 2019. This increase is in line with February 2020 Consumer Price Index growth.

Dividend Declaration

The Board of Directors of Triple Point Social Housing REIT plc (ticker: SOHO) has declared an interim dividend in respect of the period from 1 January to 31 March 2020 of 1.295 pence per Ordinary Share, payable on or around 26 June 2020 to holders of Ordinary Shares on the register on 22 May 2020. The ex-dividend date will be 21 May 2020.

1.1655 pence of this dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 0.1295 pence will be paid as an ordinary UK dividend ("non-PID").

Outlook

The COVID-19 pandemic has highlighted the value of specialised supported housing for people with care and support needs. Such accommodation relieves pressure on the NHS and the care sector by enabling people to move out of institutional care settings whilst simultaneously unlocking better outcomes for individuals by allowing them to live more independently and as part of a community.

Note:

¹ The target dividend is a target only and not a forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company's expected or actual future results.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

The Company's LEI is 213800BERVBS2HFTBC58.

Further information on the Company can be found on its website at www.triplepointreit.com.

NOTES:

The Company invests in primarily newly developed social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation-linked, long-term (typically from 20 years to 30 years), Fully Repairing and Insuring ("FRI") leases with Approved Providers (being Housing Associations, Local Authorities or other regulated organisations in receipt of direct payment from local government). The portfolio comprises investments into properties which are already subject to an FRI lease with an Approved Provider, as well as forward funding of pre-let developments but does not include any direct development or speculative development.

There is increasing political pressure and social need to increase housing supply across the UK which is creating opportunities for private sector investors to help deliver this housing. The Group's ability to provide forward funding for new developments not only enables the Company to secure fit for purpose, modern assets for its portfolio but also addresses the chronic undersupply of suitable supported housing properties in the UK at sustainable rents as well as delivering returns to investors.

Triple Point Investment Management LLP (part of the Triple Point Group) is responsible for management of the Group's portfolio (with such functions having been delegated to it by Langham Hall Fund Management LLP, the Company's alternative investment fund manager.

The Company was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 8 August 2017 and was admitted to the premium segment of the Official List of the Financial Conduct Authority and migrated to trading on the premium segment of the Main Market on 27 March 2018.  The Company operates as a UK Real Estate Investment Trust ("REIT") and is a constituent of the FTSE EPRA/NAREIT index.