Custodian Property Income REIT plc: Appointment of Non-Executive Director (1626917)

Custodian Property Income REIT plc (CREI) Custodian Property Income REIT plc: Appointment of Non-Executive Director 09-May-2023 / 07:00 GMT/BST

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9 May 2023

Custodian Property Income REIT plc

("the Company")

Appointment of Non-Executive Director

Custodian Property Income REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, is pleased to announce the appointment of David MacLellan as an Independent Non-Executive Director of the Company, with effect from today. David will join the Company's Nominations and Management Engagement Committees.

The Board anticipates David's appointment as Chair of the Company, with effect from 8 August 2023, following David Hunter's expected retirement at the Company's Annual General Meeting that day.

David MacLellan has over 35 years' experience in private equity and fund management and an established track record as Chair and Non-Executive director of public and private companies. During his executive career David was an Executive Director of Aberdeen Asset Management plc ("Aberdeen") following its purchase of Murray Johnstone Limited ("MJ") in 2000. At the time of the purchase he was Group Managing Director of MJ, a Glasgow based fund manager managing inter alia closed and open ended funds, having joined MJ's venture capital team in 1984. Prior to joining MJ he qualified as a Chartered Accountant at Arthur Young McLelland Moores (now EY).

David is currently Chair and Managing Partner of RJD Partners ("RJD"), a private equity business; Non-Executive Director and Audit Committee Chair of J&J Denholm Limited, a family owned business involved in shipping, logistics, seafoods and industrial services; and Non-Executive Director and Audit Committee Chair of Aquila Renewables plc, an investment trust.

David is former Chair and Senior Independent Director ("SID") of John Laing Infrastructure Fund, a FTSE 250 investment company, former Chair of Stone Technologies Limited, former Chair of Havelock Europa plc and former Non-Executive Director of Maven Income & Growth VCT 2 plc. He was also Chair of Britannic UK Income Fund for 12 years until 2013 as well as a director of a number of private equity backed businesses.

Commenting on the appointment, Elizabeth McMeikan, Senior Independent Director of Custodian Property Income REIT, said:

"David brings a wealth of highly relevant but complementary experiences which strengthen the Board's finance, investment company and governance experience. We are delighted to welcome him to the Board and look forward to working with him."

David's other roles are not considered to impact his ability to allocate sufficient time to the Company to discharge his responsibilities effectively.

In accordance with the Listing Rules, there is no further information required to be disclosed pursuant to LR9.6.11R and LR9.6.13R.

- Ends -

For further information, please contact:

Custodian Capital Limited 
Richard Shepherd-Cross / Ed Moore / Ian Mattioli MBE Tel: +44 (0)116 240 8740 
                                                     www.custodiancapital.com 
Numis Securities Limited 
Hugh Jonathan/Nathan Brown                                                        Tel: +44 (0)20 7260 1000 
                                                                                  www.numiscorp.com 
 
FTI Consulting 
Richard Sunderland / Ellie Sweeney / Andrew Davis Tel: +44 (0)20 3727 1000        Tel: +44 (0)20 3727 1000 
                                                  custodianreit@fticonsulting.com custodianreit@fticonsulting.com

----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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ISIN:           GB00BJFLFT45 
Category Code:  BOA 
TIDM:           CREI 
LEI Code:       2138001BOD1J5XK1CX76 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   241955 
EQS News ID:    1626917 
 
End of Announcement  EQS News Service 
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