Appointment of Executive Directors

About this update from Supermarket Income Reit Plc

26 March 2025   SUPERMARKET INCOME REIT PLC   (the "Company")     COMPLETION OF INTERNALISATION & APPOINTMENT OF EXECUTIVE DIRECTORs   Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust with secure, inflation-linked, long-dated income from grocery property announces that, following shareholder approval on 20 March 2025, it has successfully completed the internalisation of the Company's management function, in line with expectations. Accordingly, Rob Abraham and Mike Perkins have been appointed as Chief Executive Officer and Chief Financial Officer respectively, with both joining the Board with immediate effect. Nick Hewson, Chair of Supermarket Income REIT, commented: "I am pleased to welcome Rob and Mike to the Board, following the completion of the internalisation of the Company's management function. This represents a significant milestone for the Company, as we continue to make progress on our key strategic initiatives, which are designed to enhance earnings and continue to reduce the discount to NAV.   Rob and Mike have played an integral role in the business to date, and their deep understanding of SUPR's strategy and operations will ensure a smooth transition and continued delivery of value for our shareholders. " There are no other details that are required to be disclosed in respect of Rule UKLR 6.4.8R of the Financial Conduct Authority's UK Listing Rules.   FOR FURTHER INFORMATION        Supermarket Income REIT plc                                       via FTI Consulting   Rob Abraham / Mike Perkins / Chris McMahon        Stifel Nicolaus Europe Limited                        +44 (0)20 7710 7600    Mark Young / Rajpal Padam / Madison Kominski         Goldman Sachs International  Tom Hartley / Luca Vincenzini +44 (0)20 7774 1000          FTI Consulting                                                       +44 (0)20 3727 1000    Dido Laurimore / Eve Kirmatzis / Andrew Davis                                      [email protected]       NOTES TO EDITORS:      Supermarket Income REIT plc (LSE: SUPR, JSE: SRI) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. The Company's supermarkets are let to leading supermarket operators in the UK and Europe, diversified by both tenant and geography.   The Company's assets earn long-dated, secure, inflation-linked, growing income. The Company targets a progressive dividend and the potential for capital appreciation over the longer term.   The Company is listed on the Closed-ended investment funds category of the FCA's Official List and its Ordinary Shares are traded on the LSE's Main Market. The Company also has a secondary listing on the Main Board of the JSE Limited in South Africa.    Further information is available on the Company's website  www.supermarketincomereit.com       Stifel Nicolaus Europe Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Supermarket Income REIT plc and no one else in connection with this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Stifel Nicolaus Europe Limited nor for providing advice in connection with the matters referred to in this announcement. Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for Supermarket Income REIT plc and no one else in connection with this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Goldman Sachs International nor for providing advice in connection with the matters referred to in this announcement.    

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