Industrials REIT : Notification and public disclosure of a transaction by a director in accordance with the Market Abuse Regulations.

INDUSTRIALS REIT LIMITED

(formerly Stenprop Limited)

(Registered in Guernsey )

(Registration number 64865)

LSE share code: MLI JSE share code: MLI

ISIN: GG00BFWMR296

("Industrials REIT" or the "Company")

22 June 2022

Notification and public disclosure of a transaction by a director in accordance with the Market Abuse Regulations.

On 20 June 2022, Dr Louisa Bell, Non-Executive Director of Industrials REIT, has purchased 20,000 shares in the Company.

This announcement is made in accordance with Article 19 of the UK Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dr Louisa Bell
2	Reason for the notification
a)	Position/status	Independent Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
	monitor
a)	Name	Industrials REIT Limited
b)	LEI	5493004JYL71EMLTB211
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
	transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial	Ordinary shares with a nominal value of €0.000001258
	instrument, type of instrument
	Identification code	GG00BFWMR296
b)	Nature of the transaction and	Purchase of shares - direct beneficial
	extent of director's interest

1. Price(s) and volume(s)

			Price(s)	Volume(s)
			£1.74375	20,000
d)	Aggregated information
	- Aggregated volume	20,000
	- Price	£34,875
e)	Date of the transaction	2022-06-20
f)	Place of the transaction	London Stock Exchange, XLON

For further information:
Industrials REIT Limited	[phone]
Paul Arenson ([e-mail])
Julian Carey ([e-mail])
James Beaumont
([e-mail])
Numis Securities Limited (Financial Adviser)	[phone]
Hugh Jonathan
Vicki Paine
FTI Consulting (PR Adviser)	[phone]
Richard Sunderland
Richard Gotla
Neel Bose
[e-mail]
Java Capital	[phone]
(JSE Sponsor)

About Industrials REIT:

Industrials REIT is a UK REIT with a primary listing on the London Stock Exchange and a secondary listing on the JSE. The objective of the Company is to deliver a combination of sustainable growing income and growth in value to its investors. Industrials REIT focuses on owning and operating a diversified portfolio of UK purpose built multi- let industrial (MLI) estates across the UK. The Company aspires to be the leading MLI business in the UK. For further information, go to www.industrialsreit.com.