Investment Adviser Update

9 September 2024

SUPERMARKET INCOME REIT PLC

(the "Company")

Investment AdvisEr update

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust with secure, inflation-linked, long-dated income from grocery property, announces that Steven Noble has decided to step down as Chief Investment Officer of the Company's Investment Adviser, Atrato Capital Limited, in order to pursue a new role at Assura plc.

The Board would like to express its thanks to Steven for his invaluable contribution to the performance and growth of the Company over the last seven years, having worked with the Company since IPO. During this time, the Company has become the UK's largest omnichannel supermarket landlord. The Company will continue to be managed by Ben Green, Rob Abraham and Mike Perkins, with support from the wider Atrato team.

Nick Hewson, Chair of Supermarket Income REIT plc, commented:

"Steven leaves with the Company's portfolio well positioned to deliver long-term value for our shareholders. On behalf of the Board, I would like to wish him well for the future."

Ben Green, Principal of Atrato Capital, the Investment Adviser to Supermarket Income REIT plc, said:

"Steven has been with us since the beginning and has helped us build a deep bench of talent at Atrato. He has mentored and trained the next generation, meaning all his current responsibilities will be taken on by colleagues. Steven has also made a great contribution to the culture of the firm and we wish him every success in his new role."

ENDS

NOTES TO EDITORS:  

Supermarket Income REIT plc (LSE: SUPR) 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.

Atrato Capital Limited is the Company's Investment Adviser.  

Further information is available on the Company's website www.supermarketincomereit.com  

LEI: 2138007FOINJKAM7L537  

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.