Positive Rent Collection Update: Q2 94.7%

15 July 2021

REGIONAL REIT Limited

("Regional REIT", the "Group" or the "Company")

Positive Rent Collection Update: Q2 94.7%

Regional REIT Limited (LSE: RGL), the UK regional office specialist, is today pleased to provide the following rent collection update.

As at 13 July 2021, the Company had collected 94.7% of the rent due for Q2 2021. This comprised rent received of 90.9%, monthly rents of 2.2% and agreed collection plans of 1.6%.

Quarterly rental collection refers to all invoices issued during the calendar quarters:

Q1: 1 January 2021 to 31 March 2021

Q2: 1 April 2021 to 30 June 2021

The 93.7% of rent received compares favourably with the equivalent period in 2020 of 85.2%.

The Company remains in supportive and ongoing discussions with tenants regarding the remainder of the outstanding rent, and expects to collect the vast majority of it in due course.

Stephen Inglis, CEO of London & Scottish Property Investment Management, the Asset Manager of Regional REIT commented:

"We are pleased to again provide shareholders with a positive rent collection update. In-line with our expectations total rents received to date for Q2 2021 amounted to 94.7% of rents invoiced and we anticipate collecting the vast majority of the outstanding balance in due course."

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About Regional REIT

Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and Toscafund Asset Management LLP, the Investment Manager.

Regional REIT's commercial property portfolio is comprised wholly of income producing UK assets and comprises, predominantly of offices located in the regional centres outside of the M25 motorway. The portfolio is geographically diversified, with 153 properties, 874 occupiers as at 31 March 2021, with a valuation of £734.7m.

Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core and core plus property assets. It aims to deliver an attractive total return to its Shareholders, targeting greater than 10% per annum, with a strong focus on income supported by additional capital growth prospects.

The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com.

Cautionary Statement

This document has been prepared solely to provide additional information to Shareholders to assess the Group's performance in relation to its operations and growth potential. The document should not be relied upon by any other party or for any other reason. Any forward looking statements made in this document are done so by the Directors in good faith based on the information available to them up to the time of their approval of this document. However, such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.

ESMA Legal Entity Identifier ("LEI"): 549300D8G4NKLRIKBX73