Dividend Declaration

21 February 2019

REGIONAL REIT Limited

("Regional REIT", "the Group" or "the Company")

Q4 2018 Dividend Declaration

Regional REIT Limited (LSE: RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing core and core plus assets, today announces its Q4 2018 dividend.

The Company will pay a dividend of 2.50 pence per share ("pps") for the period 1 October 2018 to 31 December 2018. The dividend payment will be made on 11 April 2019 to shareholders on the register as at 1 March 2019. The ex-dividend date will be 28 February 2019. The entire dividend will be paid as a REIT property income distribution ("PID").

This fourth quarter dividend marks the Company's successful achievement of its annual distribution target, having paid a dividend of 1.85pps for each of the first three quarters of 2018.

In respect of the financial year 2018 Regional REIT has declared dividends amounting to 8.05pps. This increase of 2.5% from the 2017 full year dividend of 7.85pps has been made in accordance with the Company's intention to pursue a progressive dividend policy.

The level of future payment of dividends will be determined by the Board having regard to, among other things, the financial position and performance of the Group at the relevant time, UK REIT requirements and the interests of Shareholders.

- ENDS -

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About Regional REIT

Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main Market traded specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the M25 motorway.

Regional REIT is managed by London & Scottish Investments, the Asset Manager, and Toscafund Asset Management, the Investment Manager, and was formed by the combination of two existing funds previously created by the Managers as a differentiated play on the expected recovery in UK regional property, to deliver an attractive total return to Shareholders and with a strong focus on income.

The Group's investment portfolio, as at 30 June 2018, was spread across 151 regional properties, 1,294 units and 950 tenants. As at 30 June 2018, the investment portfolio had a value of £758.7m and a net initial yield of 6.4%. The weighted average unexpired lease term to first break was 3.5 years.

The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com.

Cautionary Statement

This document has been prepared solely to provide additional information to Shareholders to assess the Group's performance in relation to its operations and growth potential. The document should not be relied upon by any other party or for any other reason. Any forward looking statements made in this document are done so by the Directors in good faith based on the information available to them up to the time of their approval of this document. However, such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.

ESMA Legal Entity Identifier ("LEI"): (549300D8G4NKLRIKBX73)