REG-Grit Real Estate Income Group CHANGES TO THE BOARD OF DIRECTORS

Grit Real Estate IncomeAnnouncement

05/02/2026 10:00

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   Grit Real Estate Income Group (GR1T)
   CHANGES TO THE BOARD OF DIRECTORS

   05-Feb-2026 / 10:00 GMT/BST

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   GRIT REAL ESTATE INCOME GROUP LIMITED

   (Registered in Guernsey)

   (Registration number: 68739)

   LSE share code: GR1T
                                                                             
   SEM share code: DEL.N0000

   ISIN: GG00BMDHST63

   LEI: 21380084LCGHJRS8CN05

   ("Grit" or  the  "Company" and,  together  with  its  subsidiaries,  the
   "Group")

    

   CHANGES TO THE BOARD OF DIRECTORS

   Information disclosed in accordance with LR 6.4.6 and LR 6.4.8

   The Board of  Directors (the  “Board”) of  Grit Real  Estate Income  Group
   Limited today announces changes to the Board.

   Grit is a pan-African income real estate company focused on investing  in,
   developing and actively managing a diversified portfolio of impact  assets
   underpinned by  predominantly US  dollar  and Euro  denominated  long-term
   leases to high-quality multinational tenants.

   Shareholders are  advised of  the resignation  of Mr  Gareth Schnehage  as
   Chief Financial Officer and  Executive Director of  the Group with  effect
   from 04 February 2026 due to family commitments.

   Gareth’s decision followed extensive and constructive discussions with the
   Board regarding  the  operational  requirements  of  the  Chief  Financial
   Officer role at this stage of the Group’s development, including the  need
   for the position to  be based in Mauritius  alongside the Group’s  finance
   team to support a hands-on execution-focused mandate.

   Owing to personal commitments in the United Kingdom, Gareth elected not to
   relocate  to  Mauritius.  The  Board  is  grateful  for  his  service  and
   contribution to the Group and wishes him well in his future endeavours.

   The Board is pleased to announce the appointment of Mr Hugo Jordaan as the
   new Chief  Financial Officer  and  Executive Director  of the  Group  with
   effect from 04 February 2026.

   Hugo, a Chartered Accountant with  more than 25 years’ experience,  joined
   Grit in 2022 and served as Finance Director before his appointment to  the
   Board. Since joining the Group, he has played a central role in  financial
   management, reporting  and stakeholder  engagement,  and has  developed  a
   strong understanding of the Group’s financial, operational and  regulatory
   framework. A  comprehensive and  orderly handover  has been  completed  to
   ensure continuity and execution certainty.

   Prior to joining Grit, Hugo served as Regional Chief Financial Officer for
   Africa at  International  SOS,  where he  was  responsible  for  financial
   management across  the  African  region. He  previously  led  the  African
   finance function at Australian listed  Orica Group, where he  successfully
   delivered a complex regional restructuring. During his tenure at Orica, he
   also implemented initiatives that resulted in cumulative EBIT improvements
   of more than AUD13  million per annum and  a AUD10 million improvement  in
   trade working capital through the reduction of overdue debtor balances.

   Hugo brings strong technical  expertise, deep institutional knowledge  and
   proven leadership capability, positioning him well to support the  Group’s
   strategic priorities at this stage of its development.

   Following these changes, the  Board will comprise  six directors, of  whom
   four are independent and non-executive.

   Aside from the information set out  in the announcement above, no  further
   information is  required to  be  disclosed pursuant  to LSE  Listing  Rule
   6.4.8.

   By Order of the Board

   5 February 2026

    

   FOR FURTHER INFORMATION, PLEASE CONTACT:

   Grit Real Estate Income Group Limited                      
   Bronwyn Knight, Chief Executive Officer                   +230 269 7090
   Morne Reinders, Investor Relations                        +27 82 480 4541
                                                              
   Cavendish Capital Markets Limited - UK Financial Adviser   
   Tunga Chigovanyika/ Edward Whiley (Corporate Finance)     +44 20 7220 5000
   Justin  Zawoda-Martin  / Daniel   Balabanoff  /   Pauline +44 20 3772 4697
   Tribe (Sales)
                                                              
   Perigeum Capital Ltd - SEM Authorised Representative  and  
   Sponsor
   Shamin A. Sookia
                                                             +230 402 0894
   Rukhsaar Lallmahomed
                                                             +230 402 0893
    
                                                              
                                                              
                                                              
                                                              

    

   NOTES:

   Grit Real Estate Income  Group Limited is  the leading pan-African  impact
   real estate  company  focused on  investing  in, developing  and  actively
   managing a diversified portfolio of  assets in carefully selected  African
   countries  (excluding  South  Africa).   These  high-quality  assets   are
   underpinned by  predominantly US$  and Euro  denominated long-term  leases
   with a wide range  of blue-chip multi-national  tenant covenants across  a
   diverse range of robust property sectors.

   The Company is committed to  delivering strong and sustainable income  for
   shareholders, with  the  potential  for income  and  capital  growth.  The
   Company holds its primary listing on  the Main Market of the London  Stock
   Exchange (LSE: GR1T and a dual  currency trading secondary listing on  the
   Stock Exchange of Mauritius (SEM: DEL.N0000 (USD) / DEL.C0000 (MUR))

   Further information on the Company is available at www.grit.group

   Directors:  Nigel  Nunoo+   (Chairman), Bronwyn  Knight (Chief   Executive
   Officer)  *,   Hugo   Jordaan   (Chief   Financial   Officer)   *,   David
   Love+, Catherine McIlraith+, and Lynette Finlay+

   (* Executive Director) (+ independent Non-Executive Director)

   Company secretary: Intercontinental Fund Services Limited

   Corporate service provider: Mourant Governance Services (Guernsey) Limited

   Registered office address: PO Box 186, Royal Chambers, St Julian's Avenue,
   St Peter Port, Guernsey GY1 4HP

   Registrar and transfer agent (Mauritius): Onelink Ltd

   SEM authorised representative and sponsor: Perigeum Capital Ltd

   UK Transfer secretary: MUFG Corporate Markets

   This notice is issued pursuant to the FCA Listing Rules, SEM Listing  Rule
   15.24 and the  Mauritian Securities  Act 2005.  The Board  of the  Company
   accepts full responsibility for the accuracy of the information  contained
   in this communiqué.

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   Dissemination of a Regulatory Announcement, transmitted by  1 EQS Group.
   The issuer is solely responsible for the content of this announcement.

   View original content:  2 EQS News

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   ISIN:          GG00BMDHST63
   Category Code: BOA
   TIDM:          GR1T
   LEI Code:      21380084LCGHJRS8CN05
   Sequence No.:  417305
   EQS News ID:   2272014


    
   End of Announcement EQS News Service

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