Acquisitions and Confirmation of REIT Status

16 November 2020

HOME REIT plc

("Home REIT" or the "Company")

ACQUISITIONS AND CONFIRMATION OF REIT STATUS

The Board of Home REIT plc (ticker: HOME), which funds the acquisition and creation of high-quality properties across the UK that are dedicated to providing accommodation to the homeless, is pleased to announce that the Company has acquired a further five separate portfolios of properties located across England (the "Properties") for an aggregate purchase price of £41.6 million (including acquisition costs).

The Board is also pleased to announce that Home REIT recently became a group UK Real Estate Investment Trust.

Jamie Beale, Partner at Alvarium Home REIT Advisors Limited, said:

"Since listing on 12 October 2020, we are delighted to have now purchased over £50 million of high-quality accommodation which will provide homes to approximately 800 vulnerable, homeless people across 141 properties. The Properties will address a critical need within local communities to provide housing solutions at low sustainable rents to registered charities who are proven to make a difference to the people they house, care for and support. We are also pleased to have acquired our first London assets, through opportunistic deals utilising our extensive network. All of the rent at the homeless accommodation will be funded by support from local and central government."

The Properties will provide new, high quality accommodation to vulnerable, homeless people in need of housing, delivering critical solutions for women fleeing domestic violence, vulnerable women, prison leavers, and those faced with homelessness due to poverty.

Each Property is immediately income producing and the blended net initial yield of the Properties is ahead of the Company's target level.

Each of the Properties is let at a low and sustainable rental level, on new, unbroken 25-year full repairing and insuring ("FRI") leases to six different specialist registered homeless charities and one housing association, providing them with long term security of tenure. The charities and the housing association, regulated by the Charities Commission and Regulator of Social Housing, respectively, will provide specialist care, training, support and rehabilitation to the vulnerable homeless people at the Properties.

The rents received under these leases are subject to annual upward-only rent reviews, index-linked to the Consumer Prices Index, subject to an annual collar and cap of 1% and 4%, respectively.

The Company is in advanced legals on a significant pipeline of assets to allow for the efficient deployment of its IPO proceeds in line with expectations, with further acquisition announcements expected to be made in short order.

Portfolio 1, purchased for £5.8 million (including acquisition costs), consists of two properties located in west London. These properties will provide housing for vulnerable women.

Portfolio 2, purchased for £9.2 million (including acquisition costs), consists of 22 properties located across the West Midlands, North West and Yorkshire and the Humber regions of England. These properties will provide housing for women fleeing domestic violence, prison leavers and those faced with homelessness due to poverty.

Portfolio 3, purchased for £5.1 million (including acquisition costs), consists of nine properties located across the North West of England. These properties will provide housing for women fleeing domestic violence, prison leavers and those faced with homelessness due to poverty.

Portfolio 4, purchased for £2.7 million (including acquisition costs), consists of six properties located across Yorkshire and the Humber region of England. These properties will provide housing for those faced with homelessness due to poverty.

Portfolio 5, purchased for £18.8 million (including acquisition costs), consists of 97 properties located across the North East of England. These properties will provide solutions for local and national Government to house vulnerable individuals at risk of homelessness.

FOR FURTHER INFORMATION, PLEASE CONTACT:

The Company's LEI is: 213800A53AOVH3FCGG44.

For more information, please visit the Company's website: www.homereituk.com

About Home REIT plc

Home REIT plc seeks to contribute to the alleviation of homelessness in the UK, whilst targeting inflation-protected income and capital returns, by funding the acquisition and creation of a diversified portfolio of high-quality accommodation assets across the UK which will be dedicated to providing accommodation to the homeless. The accommodation assets will be let or pre-let on very long (typically 20 to 30 years) leases, containing inflation-linked or fixed uplift rent review provisions, to registered charities, housing associations, community interest companies and other regulated organisations which have a proven operating track record in providing low-cost accommodation to the homeless and which receive housing benefit or comparable support from local or central government to fund the provision of such accommodation to the homeless.

There is a critical need for further accommodation for the homeless in the UK, due to an increasing homeless population and a lack of available and affordable high-quality, fit-for-purpose stock to address the problem. Local housing authorities are under a statutory duty to secure accommodation for individuals who are unintentionally homeless and in priority need but current accommodation for the homeless is limited in quantum and often sub-standard and uneconomical.

The Company focuses on investing in and creating well-located properties that provide a sustainable level of rent for the tenant. Within the homeless accommodation assets, there is a focus on care, support, training and rehabilitation to provide individuals with the skills and confidence to find long-term accommodation and enable them to reintegrate back into society. Savings are expected to be made to local authorities and other providers of accommodation to the homeless via lower rents versus more expensive alternative accommodation.

Alvarium Home REIT Advisors Limited, the Company's Investment Adviser, is proud to be working in collaboration with Crisis to help support Crisis in ending homelessness.

The Company is listed on the premium segment of the Official List of the UK Financial Conduct Authority and its Ordinary Shares were admitted to trading on the main market of the London Stock Exchange, premium segment, on 12 October 2020.