TR Property Investment Trust plc announced that When recruiting to replace Simon Marrison the company were delighted to welcome Andrew Vaughan who brings great experience of property investing both in the UK and in Continental Europe. The Board is mindful that, whilst diverse as regards gender, it is presently entirely white and British. The Board has commenced an external search for a new Director who will broaden and strengthen the insights and challenge that the Board can bring to the Managers' strategic deliberations through their diversity of age and ethnicity.

Embracing all desired skills within a Board of just five Directors may prove challenging so the Board is actively considering the optimum size of the Board to allow us to operate effectively with the desirable range of experience and perspectives.