Residential Secure Income : Appointment of Finance Director

13 February 2020

Residential Secure Income plc

APPOINTMENT OF FINANCE DIRECTOR

Residential Secure Income plc ('ReSI') (LSE: RESI), which invests in affordable shared ownership, retirement and Local Authority housing, is pleased to announce that ReSI Capital Management Limited,ReSI's FundManager, has appointed James SlyasFinance Director,with responsibilityfor financial strategy and operations, includingacross ReSI. James'appointment is effective immediately and he will report to Alex Pilato, GroupChief Executive. James will be responsiblefor all aspects of financial strategy and operationsacross ReSI, including overseeing ReSI'sequity and debt programme, and preparation ofReSI's accounts and reporting.Jameswas previously Finance Manager at the specialist UK lender United Trust Bank Limited('UTB'),where he was responsible for allfinancial reporting processes, alongside managing a number of keyexternaladviserrelationships.At UTB he oversaw the financial control team and was responsible for identifying andimplementinga number of new firmwide processesand frameworksthat delivered significant cost efficiencies.Prior to joining UTB,James was Group Financial Accountant at Pepkor Europe, the pan European retailer with €3bnofannual revenues andasubsidiary of Steinhoff International Holdings. James is a qualified Chartered Accountant, having started his career at PricewaterhouseCoopers after graduating with a BA in Economics and Management from the University of Oxford. Alex Pilato, Chief Executive of TradeRisks Limited, commented: 'James is both highly qualified and ambitious, which makes him an ideal fit to play a key role with ReSICapital Management. He has a successful track record working alongside senior management and Boardmembersto implement new processesand frameworks that have deliveredclear and improved results and has repeatedly demonstrated his ability to lead positive change from inside a business. ReSI Capital Management hasa pipeline of significant growth milestones ahead, and we look forward to James being integralin deliveringthese.'

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NOTES:

Residential Secure Income plc (LSE: RESI) is a real estate investment trust (REIT) listed on the premium segment of the Main Market of the London Stock Exchange with the objective of delivering secure inflation linked returns by investing in affordable shared ownership, retirement and Local Authority housing throughout the UK.

ReSI targets a secure, long-dated, inflation-linked dividend of 5.0 pence per share p.a. (paid quarterly) and a total return in excess of 8.0% p.a. and has to date committed c. £300 million, assembling a portfolio of 2,680 properties.

ReSI aims to make a meaningful contribution to alleviating the UK housing shortage by meeting demand from housing developers (Housing Associations, Local Authorities and private developers) for long-term investment partners to accelerate the development of socially and economically beneficial new affordable housing.

ReSI's subsidiary, ReSI Housing Limited, is registered as a for-profit Registered Provider of Social Housing, and so provides a unique proposition to its housing developer partners, being a long term private sector landlord within the social housing regulatory environment. As a Registered Provider, ReSI Housing can acquire affordable housing subject to s106 planning restrictions and housing funded by government grant.

ReSI is managed by ReSI Capital Management Limited, a wholly-owned subsidiary of TradeRisks Limited which has a 19 year track record of executing transactions within the UK social housing sector and, to date, has arranged funding of over £11 billion in the social housing, care and other specialist residential property sectors.

Acquisitions by ReSI are limited to homes with sufficient cashflows, counterparty credit quality and property security to be capable of supporting long‑term investment grade equivalent debt.

ReSI does not manage or operate stock and uses experienced and credit-worthy third party managers.

Further information on ReSI is available atwww.resi-reit.com