Grit Real Estate Income : Communique

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")

TR-1: Standard form for notification of major holdings

1. Issuer Details
   ISIN GG00BMDHST63
   Issuer Name
   Grit Real Estate Income Group Limited
   UK or Non-UK Issuer Non-UK
2. Reason for Notification

An acquisition or disposal of voting rights

1. Details of person subject to the notification obligation Name
   Eskom Pension and Provident Fund
   City of registered office (if applicable) Johannesburg
   Country of registered office (if applicable) South Africa
2. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

1. Date on which the threshold was crossed or reached
   21-Dec-2021
2. Date on which Issuer notified

13-Jan-2022

7. Total positions of person(s) subject to the notification obligation

		% of voting		% of voting rights
		rights			Total of both		Total number of
			through financial
.		attached to			in % (8.A +		voting rights held in
		instruments (total
		shares (total			8.B)		issuer
			of 8.B 1 + 8.B 2)
		of 8.A)
Resulting situation
on the date on which	6.925166	0.000000	6.925166	33073061
threshold was
crossed or reached
Position of previous
notification (if
applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of	Number of direct	Number of	% of direct	% of indirect voting rights
shares ISIN	voting rights	indirect voting	voting rights
(DTR5.2.1)
code(if possible)	(DTR5.1)	rights (DTR5.2.1)	(DTR5.1)

GG00BMDHST63	33073061	0		6.925166		0.000000
Sub Total 8.A	33073061			6.925166%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
				Number of voting rights
Type of financial	Expiration	Exercise/conversion	that may be acquired if the	% of voting
instrument	date	period		instrument is		rights
				exercised/converted
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of	Expiration	Exercise/conversion	Physical or	Number of
financial	cash	voting	% of voting rights
date	period
instrument	settlement	rights
Sub Total
8.B2

9. Information in relation to the person subject to the notification obligation

1. Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.

		% of voting	% of voting rights
Ultimate	Name of	rights if it	through financial	Total of both if it equals
equals or is	instruments if it
controlling	controlled	or is higher than the
higher than the	equals or is higher
person	undertaking	notifiable threshold
notifiable	than the notifiable
		threshold	threshold
Date of Completion
04-Feb-2022
Place Of Completion
Johannesburg, South Africa
04 February 2022
FOR FURTHER INFORMATION, PLEASE CONTACT:
Grit Real Estate Income Group Limited
Bronwyn Knight, Chief Executive Officer	[phone]
Darren Veenhuis, Chief Strategy Officer and Investor Relations [phone]
Maitland/AMO - Communications Adviser
James Benjamin			[phone]
Alistair de Kare-silver		[e-mail]
finnCap Ltd - UK Financial Adviser
William Marle / Teddy Whiley (Corporate Finance)	[phone]
Mark Whitfeld / Pauline Tribe (Sales)	[phone]
Monica Tepes (Research)		[phone]
Perigeum Capital Ltd - SEM Authorised
Representative and Sponsor
Shamin A. Sookia			[phone]
Kesaven Moothoosamy		[phone]
Capital Markets Brokers Ltd - Mauritian Sponsoring Broker
Neetusha Aubeeluck		[phone]

NOTES:

Grit Real Estate Income Group Limited is the leading pan-African real estate company focused on investing in 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-chipmulti-national tenant covenants across a diverse range of robust property sectors.

The Company holds its primary listing on the Main Market of the London Stock Exchange (LSE: GR1T

and a secondary listing on the Stock Exchange of Mauritius (SEM: DEL.N0000).

Further information on the Company is available at http://grit.group/

Directors: Peter Todd+ (Chairman), Bronwyn Knight (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, David Love+, Sir Samuel Esson Jonah+, Nomzamo Radebe, Catherine McIlraith+, Jonathan Crichton+, Cross Kgosidiile+ and Bright Laaka+ (Permanent Alternate Director to Nomzamo Radebe).

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

Company secretary: Intercontinental Fund Services Limited

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

Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited

UK Transfer secretary: Link Asset Services Limited

SEM authorised representative and sponsor: Perigeum Capital Ltd

Mauritian sponsoring broker: Capital Markets Brokers Ltd

This notice is issued pursuant to the FCA Listing Rules and 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.