REG - Urban Logistics REIT Achilles Invest. Co. LondonMetric - Withdrawal of Requisition

Achilles Investment CoAnnouncement

15/04/2025 11:30

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RNS Number : 1154F  Urban Logistics REIT PLC  15 April 2025

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OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE

15 April 2025

Urban Logistics REIT plc

Withdrawal of Requisition

The Board of Urban Logistics REIT plc ("Urban Logistics" or the "Company")
welcomes the announcement this morning by Achilles Investment Company Limited
withdrawing its requisition for a general meeting following the announcement
by the Company yesterday in connection with the possible offer from
LondonMetric Property plc ("LondonMetric").

As announced on 14 April 2025, the Board of Urban Logistics and its advisers
have entered into discussions with LondonMetric in relation to a possible
recommended offer for the Company and confirmatory due diligence is underway.
There can be no certainty that any offer for Urban Logistics will be made. A
further announcement will be made in due course. In the meantime, Urban
Logistics shareholders are advised to take no action.

In accordance with Rule 2.6(a) of the Code, LondonMetric must by no later than
5.00 pm (London time) on 9 May 2025 either announce a firm intention to make
an offer for Urban Logistics in accordance with Rule 2.7 of the Code or
announce that it does not intend to make an offer for Urban Logistics, in
which case the announcement will be treated as a statement to which Rule 2.8
of the Code applies. This deadline can only be extended with the consent of
the Panel on Takeovers and Mergers (the "Panel") in accordance with Rule
2.6(c) of the Code.

 Enquiries:
 Lazard (Lead Financial Adviser to Urban Logistics)           +44 (0) 20 7187 2000

 Patrick Long

 Jolyon Coates

 Sebastian O'Shea-Farren

 Panmure Liberum (Joint Corporate Broker to Urban Logistics)  +44 (0) 20 7886 2500

 David Watkins

 Emma Earl

 Berenberg (Joint Corporate Broker to Urban Logistics)        +44 (0) 20 3207 7800

 Carl Gough

 Harry Nicholas

 Patrick Dolaghan

 Burson Buchanan (PR Adviser to Urban Logistics)

 Helen Tarbet                                                 +44 (0) 7872 604 453

 Simon Compton                                                +44 (0) 7979 497 324

 G10 Capital Limited (part of IQ EQ) (AIFM)                   +44 (0) 20 397 5450

 Maria Baldwin

Important notice

The release, publication or distribution of this announcement in jurisdictions
other than the United Kingdom may be restricted by law and therefore any
persons who are subject to the laws of any jurisdiction other than the United
Kingdom should inform themselves about, and observe, any applicable
requirements. Any failure to comply with such requirements may constitute a
violation of the securities laws of any such jurisdiction. The information
disclosed in this announcement may not be the same as that which would have
been disclosed if this announcement had been prepared in accordance with the
laws and regulations of any jurisdiction outside of the United Kingdom. This
announcement does not constitute an offer or an invitation to purchase or
subscribe for any securities or a solicitation of an offer to buy any
securities pursuant to this announcement or otherwise in any jurisdiction in
which such offer or solicitation is unlawful.

Notices related to financial advisers

Lazard & Co., Limited ("Lazard"), which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority (the "FCA"), is acting
exclusively as financial adviser for Urban Logistics and no one else in
connection with the matters described in this announcement and will not be
responsible to anyone other than Urban Logistics for providing the protections
afforded to clients of Lazard nor for providing advice in relation to the
matters referred to in this announcement. Neither Lazard nor any of its
affiliates (nor any of their respective directors, officers, employees or
agents) owes or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Lazard in connection with this
announcement, any statement contained herein or otherwise.

Kinmont ("Kinmont"), which is authorised and regulated by the Financial
Conduct Authority in the United Kingdom, is acting exclusively as financial
adviser for Urban Logistics and no one else in connection with the matters
referred to in this announcement and will not be responsible to anyone other
than Urban Logistics for providing the protections afforded to clients of
Kinmont nor for providing advice in relation to the matters referred to in
this announcement. Neither Kinmont nor any of its affiliates owes or accepts
any duty, liability or responsibility whatsoever (whether direct or indirect,
whether in contract, in tort, under statute or otherwise) to any person who is
not a client of Kinmont in connection with this announcement, any statement
contained herein or otherwise.

Panmure Liberum Limited ("Panmure Liberum"), which is authorised and regulated
by the FCA in the United Kingdom, are acting solely for the Company and no-one
else in connection with the matters described in this announcement and will
not regard any other person (whether or not a recipient of this announcement)
as a client in relation to the matters described in this announcement. Neither
Panmure Liberum nor any of their respective partners, directors, officers,
employees, advisers, consultants, affiliates or agents are responsible to
anyone other than the Company for providing the protections afforded to
clients of Panmure Liberum or for providing advice in connection with the
contents of this announcement or for any other matters referred to herein.

Joh. Berenberg, Gossler & Co. KG, London Branch ("Berenberg"), which is
authorised and regulated by the German Federal Financial Supervisory Authority
(BaFin) and is subject to limited regulation by the FCA in the United Kingdom,
is acting exclusively for Urban Logistics and no one else in connection with
the matters referred to in this announcement and will not be responsible to
anyone other than Urban Logistics for providing the protections afforded to
clients of Berenberg nor for providing advice in relation to the matters
referred to in this announcement. Neither Berenberg nor any of its affiliates
owes or accepts any duty, liability or responsibility whatsoever (whether
direct or indirect, whether in contract, in tort, under statute or otherwise)
to any person who is not a client of Berenberg in connection with this
announcement, any statement contained herein or otherwise.

Rule 26.1 information

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
made available free of charge, subject to certain restrictions relating to
persons resident in restricted jurisdictions, on Urban Logistics' website at
www.urbanlogisticsreit.com/investors/ no later than 12 noon (London time) on
the business day following the date of this announcement.

For the avoidance of doubt, the contents of the website referred to in this
announcement are not incorporated into, and do not form part of, this
announcement.

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