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Residential Secure Income plc Interim Report 2018

The Company today announces its interim results for the period 12 July 2017 to 31 March 2018: Financial highlights Successful admission to the main market of the London Stock Exchange in July 2017, raising £180mn 3% valuation increase on the Retirement Housing Partnership portfolio (“RHP”) which was acquired in November 2017, leading to: IFRS Net Asset Value (“NAV”) of £178.1mn IFRS NAV per share of 98.8p¹ Earnings per share of 1.8p RHP produces an annualised net rent roll of £5.1mn Operating profit achieved on a run-rate basis as at 31 March 2018 Interim dividends declared of 1.5 pence per share (‘pps’) for the period, targeting 3.0pps for the period ending 30 September 2018 and 5% per annu

£53 Million debt secured on retirement flats portfolio

Residential Secure Income plc ("ReSI" or the “Company”) (LSE: RESI), which invests in residential asset classes that comprise the stock of UK social housing providers, is pleased to announce that, as envisaged at the time of acquisition of the Retirement Housing Partnership portfolio (“RHP”) in November 2017, it has secured £53mn of 25 years fixed rate debt from an insurance company that is partially amortising and finally repayable in 2043. The debt is priced at an all-in fixed rate of 3.4507%, is held at subsidiary level and will be secured against 1,365 retirement units representing leverage of around 50% (loan/gross assets). TradeRisks arranged the debt for ReSI which recognising the str

£21.3 Million Acquisition of Local Authority Housing

Residential Secure Income plc ("ReSI" or the "Company") (LSE: RESI), which invests in residential asset classes that comprise the stock of UK social housing providers, is pleased to announce that it has exchanged contracts to acquire for a total consideration of £21.3 million a freehold residential building benefitting from a lease to a local authority and used to provide housing under the local authority's statutory obligations. The acquisition is due to complete on or before 29 June 2018, from when it will immediately be income producing to ReSI. The building has recently undergone a full refurbishment, completed in 2016, and contains 134 self-contained residential flats. The building is l

Extension of Term of Retirement Portfolio Leases

Residential Secure Income plc ("ReSI" or the "Company") (LSE: RESI), which invests in residential asset classes that comprise the stock of UK social housing providers, is pleased to announce that, as envisaged at acquisition, it has entered into a binding agreement to extend to 150 years the lease term of 1,003 of its long-leasehold properties. The affected properties currently have a weighted average unexpired lease term of 74 years, and are all within the portfolio of 1,341 retirement homes which the Company announced it had purchased for £100 million on 24 November 2017. The remaining assets in this portfolio comprise 88 freehold, virtual freehold and fuehold properties, and 250 leasehol

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ReSI Capital Management Limited

21-26 Garlick Hill,

London EC4V 2AU

0207 3820900

resiplc@greshamhouse.com

Media relations

​KL Communications

+44 (0) 20 3995 6673

gh@kl-communications.com

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ReSI Capital Management Limited is part of the Gresham House Group.

Gresham House

Octagon Point
5 Cheapside
London EC2V 6AA