Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0) 20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Rule 2.9 disclosure

In accordance with Rule 2.9 of the Code, DRIP confirms that as at the close of business on 3 August 2021 its issued share capital consisted of 38,201,990 ordinary shares of 10 pence each (excluding shares held in treasury). The International Securities Identification Number for DRIP's ordinary shares is GB00BW4NWS02.

LEI number DRIP's LEI number is 213800FG3PJGQ3KQH756.

In accordance with Rule 2.9 of the Code, Custodian confirms that as at the close of business on 3 August 2021 its issued share capital consisted of 420,603,344 ordinary shares of one pence each (excluding shares held in treasury). The International Securities Identification Number for Custodian's ordinary shares is GB00BJFLFT45.

LEI number Custodian's LEI number is 2138001BOD1J5XK1CX76.

Publication of this announcement

A copy of this announcement will be made available subject to certain restrictions relating to persons resident in restricted jurisdictions on the Company's website no later than 12 noon on 4 August 2021 (www.dripreit.co.uk).

The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

Appendix

The irrevocable undertaking received by Custodian from 7IM is in respect of 26,266,690 DRIP shares, representing approximately 68.76 per cent. of DRIP's entire issued share capital, in respect of which 7IM has investment management discretion and can procure the exercise of the voting rights attaching to such shares in favour of a scheme or to accept an offer. The irrevocable undertaking will lapse and cease to have any effect if (a) the terms on which the Offer is made are less favourable than those set out in this announcement, save where the terms of the Offer are adjusted solely to take account of an Excess or Dividend Discrepancy; (b) Custodian has not released a binding offer announcement under Rule 2.7 of the Code for DRIP by 5.00 p.m. on 20 September 2021; (c) the offer or scheme document is not posted within 28 days of the release of the Rule 2.7 announcement; (d) the Court convened shareholder meeting of the shareholders of DRIP in respect of the offer (if the offer is undertaken by way of scheme of arrangement) is not scheduled to take place within 28 days of the date of the scheme document; (e) the offer is withdrawn or does not become unconditional or effective by 31 December 2021 (or a date no more than two months later if required to satisfy outstanding regulatory clearances); or (f) 7IM is required to withdraw any of the undertakings given in the irrevocable undertaking by any court of competent jurisdiction or a competent regulator. ----------------------------------------------------------------------------------------------------------------------- ISIN: GB00BJFLFT45 Category Code: OFF - DRUM Income Plus REIT plc TIDM: CREI LEI Code: 2138001BOD1J5XK1CX76 OAM Categories: 2.2. Inside information Sequence No.: 119115 EQS News ID: 1223850 End of Announcement EQS News Service -------------------------------------------------------------------------------------

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(END) Dow Jones Newswires

August 04, 2021 02:00 ET (06:00 GMT)