Company Announcements

27 January 2023

Home REIT plc

("Home REIT" or the "Company")

Notice of Annual General Meeting

The Board of Home REIT plc (ticker: HOME) announces that the 2023 Annual General Meeting of the Company (the "Annual General Meeting" or "AGM") will be held on Monday, 20 February 2023 at 9.30 a.m. at the offices of FTI Consulting at 200 Aldersgate Street, London, EC1A 4HD.

The formal notice of the AGM will be posted today to shareholders who have opted for hard copy communications and is also available on the Company's website at www.homereituk.com. Shareholders who have signed up to the Company's electronic communications service will receive notification by letter or email, as appropriate. In addition, a copy of the AGM notice has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

SPLIT AGM AND ACCOUNTS MEETING

On 25 November 2022, the Company announced that it was delaying the publication of its results for the financial year ended 31 August 2022 (the "2022 Annual Report and Accounts") to allow the Company's auditor, BDO LLP ("BDO"), to undertake an enhanced set of audit procedures. As subsequently announced on 19 January 2023, BDO has advised that it will not be able to conclude the enhanced audit in advance of 31 January 2023, as originally intended. The Company and its advisers continue to work with the auditors to ensure these accounts can be published as soon as possible.

As a result of the delays to the publication of the 2022 Annual Report and Accounts, it is not currently possible to propose the standard resolutions at the AGM relating to receiving the audited financial statements and the auditor's and directors' reports, approving the directors' remuneration report and the re-appointment and remuneration of the auditor. However, under the UK Companies Act 2006, the Company is obliged to hold an annual general meeting on or before 28 February 2023. 

As a result of this obligation, and following extensive consultation with the Company's major shareholders, the Board has decided to hold its Annual General Meeting on 20 February 2023, with this meeting providing shareholders with the chance to meet with the Company's Board of Directors and Investment Adviser, but the Company will defer all the standard AGM resolutions to a separate "accounts general meeting" of shareholders to be held as soon as possible following the publication of the 2022 Annual Report and Accounts. The 2022 Annual Report and Accounts will be published as soon as practically possible and notice of the accounts general meeting will be sent to shareholders shortly thereafter. The Board believes that this proposal allows the Company to comply with its legal obligations in the most efficient, straightforward and transparent way whilst ensuring that shareholders will get a chance to vote on the normal AGM resolutions once the Company has published the results for the period to which these relate.

Accordingly, no resolutions will be proposed at the AGM. However, the Board and the Company's Investment Adviser will instead use the AGM to update shareholders on the current situation and give shareholders the opportunity to ask questions.

FOR FURTHER INFORMATION, PLEASE CONTACT:

The Company's LEI is: 213800A53AOVH3FCGG44.

For more information, please visit the Company's website: www.homereituk.com

About Home REIT plc

Home REIT plc seeks to contribute to the alleviation of homelessness in the UK, whilst targeting inflation-protected income and capital returns, by funding the acquisition and creation of a diversified portfolio of high-quality accommodation assets across the UK which are dedicated to providing accommodation to homeless people. The accommodation assets are let or pre-let on very long (typically 20 to 30 years) leases, containing inflation-linked or fixed uplift rent review provisions, to registered charities, housing associations, community interest companies and other regulated organisations which have a proven operating track record in providing low-cost accommodation to homeless people and which receive housing benefit or comparable support from local or central government to fund the provision of such accommodation to homeless people.

There is a critical need for further accommodation for homeless people in the UK, due to an increasing homeless population and a lack of available and affordable high-quality, fit-for-purpose stock to address the problem. Local housing authorities are under a statutory duty to secure accommodation for individuals who are unintentionally homeless and in priority need but current accommodation for homeless people is limited in quantum and often sub-standard and uneconomical.

The Company focuses on investing in and creating well-located properties that provide a sustainable level of rent for the tenant. Within the homeless accommodation assets, there is a focus on care, support, training and rehabilitation to provide vulnerable homeless people with the skills and confidence to find long-term accommodation and enable them to reintegrate back into society. Savings are expected to be made to local authorities and other providers of accommodation to homeless people via lower rents versus more expensive alternative accommodation.

The Company is listed on the premium segment of the Official List of the UK Financial Conduct Authority and its Ordinary Shares were admitted to trading on the main market of the London Stock Exchange, premium segment, on 12 October 2020.