Results of the Issue

SUPERMARKET INCOME REIT PLC (Incorporated in the United Kingdom) Company Number: 10799126 LSE Share Code: SUPR JSE Share Code: SRI ISIN Code: GB00BF345X11

THIS ANNOUNCEMENT CONTAINS INFORMATION THAT PRIOR TO ITS PUBLICATION IN THIS ANNOUNCEMENT WAS INSIDE INFORMATION.

SUPERMARKET INCOME REIT PLC

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

Results of the Issue

Supermarket Income REIT plc is pleased to announce that it has raised gross proceeds of £100 million (the "Issue"), pursuant to the terms and conditions set out in the Company's launch announcement earlier today (the "Launch Announcement"). The net proceeds of the Issue, alongside prudent use of leverage, will enable the Company to fund the acquisition of the advanced pipeline of nine assets for approximately £216 million. The New Ordinary Shares will be issued at a price of 83 pence per New Ordinary Share (the "Issue Price").

The Issue comprises, in aggregate, the issue of 120,481,928 New Ordinary Shares which were issued pursuant to (i) a placing to eligible investors (the "Placing"); (ii) a placing to selected qualifying investors in South Africa (the "South African Placing"); and (iii) a retail offer to existing and new retail investors in the UK made via RetailBook (the "Retail Offer"). The New Ordinary Shares being issued represent, in aggregate, approximately 10 per cent. of the existing issued ordinary share capital of the Company prior to the Issue.

Goldman Sachs International ("Goldman Sachs"), Peel Hunt LLP ("Peel Hunt") and Stifel Nicolaus Europe Limited ("Stifel") acted as joint bookrunners (the "Joint Bookrunners") in respect of the Placing. PSG Capital Proprietary Limited ("PSG Capital") acted as sole bookrunner and placing agent in respect of the South African Placing.

The Company consulted with a number of its shareholders prior to the Issue and has respected the principles of pre-emption through the allocation process insofar as possible, while also allowing the participation of new investors. The Company is pleased by the strong support it has received from new investors and existing shareholders.

The Issue is being undertaken on a non-pre-emptive basis with an Issue Price at a discount to the Company's prevailing net asset value, and is therefore conditional upon, inter alia, the passing of the Resolution to be proposed to shareholders at the General Meeting to be convened pursuant to a circular to be published by the Company tomorrow (the "Circular"). The General Meeting is expected to be held at 10 a.m. (BST) on 3 August 2026.

The Company has undertaken to the Joint Bookrunners that, between the date of the Placing Agreement and the date which is 90 calendar days after Admission, it will not, enter into certain transactions involving or relating to the Ordinary Shares, without the prior written consent of the Joint Bookrunners (such consent not to be unreasonably withheld or delayed).

Admission

Applications will be made for the New Ordinary Shares to be admitted to trading on the London Stock Exchange's main market for listed securities ("UK Admission"), and for the listing and trading of the New Ordinary Shares on the premium segment of the main board of the Johannesburg Stock Exchange (the "JSE") ("JSE Admission" and, together with UK Admission, "Admission"). Subject to the passing of the Resolution, it is expected that UK Admission will become effective, and that dealings in the New Ordinary Shares will commence on the London Stock Exchange, at 8.00 a.m. (BST) on 5 August 2026, and that JSE Admission will become effective, and dealings will commence on the JSE, at 9.00 a.m. (SAST) on 5 August 2026, or such later date as the Company, the Joint Bookrunners and PSG Capital may agree, being not later than 14 August 2026.

The New Ordinary Shares will, when issued and following Admission, be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid by reference to a record date falling after the date of the allotment of the New Ordinary Shares (save for any dividends or other distributions declared, made or paid by reference to a record date prior to the allotment of the New Ordinary Shares).

Following Admission, the Company will have 1,366,721,113 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury and, therefore, following Admission, the total number of voting rights in the Company will be 1,366,721,113. This figure may be used by Shareholders as the denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Issue is conditional on, inter alia (i) the Placing Agreement not having been terminated in accordance with its terms, (ii) the passing of the Resolution at the General Meeting, and (iii) UK Admission and JSE Admission occurring.

Director and PDMR participation in the Issue

The following directors of the Company have participated in the Issue. Details of such subscriptions are as follows:

*Number of shares held after the issue includes their respective families' holdings

The Company shortly will also be making a notification and public disclosure of transactions by the Directors and persons discharging managerial responsibilities and persons closely associated with them in accordance with the requirements of UK MAR giving more details of the above dealings.

Capitalised terms used but not defined in this announcement shall have the meaning given to them in the Launch Announcement.

Rob Abraham, Chief Executive Officer of the Company, said:

"We are delighted to have received such strong levels of support from both new and existing shareholders for this raise, reflecting the attractive investment proposition grocery real estate continues to offer. This capital will enable us to acquire a strong pipeline of assets to drive future earnings growth and support our ambitions to double the size of our portfolio. We would like to thank our shareholders for their continued support as we cement our position as the UK's leading grocery landlord."

Dealing codes

ISIN for the New Ordinary Shares: GB00BF345X11

SEDOL for the New Ordinary Shares: BF345X1

The Company's legal entity identifier: 2138007FOINJKAM7L537

The Company has a primary listing on the London Stock Exchange and a secondary listing on the JSE.