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

3. Details of person subject to the notification obligation Name

Ruffer LLP

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

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

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

08-Nov-2022

1. Date on which Issuer notified 09-Nov-2022
2. Total positions of person(s) subject to the notification obligation

		% of voting rights		% of voting rights				Total number of
			through financial		Total of both in
		attached to shares				voting rights held
			instruments (total of		% (8.A + 8.B)
		(total of 8.A)				in issuer
			8.B 1 + 8.B 2)
Resulting situation
on the date on
which threshold	4.739805	0.000000	4.739805	23466411
was crossed or
reached
Position of previous
notification (if	5.789320	0.000000	5.789320
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 shares	Number of direct	Number of indirect	% of direct voting	% of indirect voting
voting rights
ISIN code(if possible)	voting rights (DTR5.1)	rights (DTR5.1)	rights (DTR5.2.1)
(DTR5.2.1)
GG00BMDHST63	23466411	0	4.739805	0.000000
Sub Total 8.A	23466411		4.739805%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial	Expiration	Exercise/conversion	Number of voting rights that may be	% of
acquired if the instrument is	voting
instrument	date	period
exercised/converted	rights
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 cash	Number of voting	% of voting
financial
date	period	settlement	rights	rights
instrument
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.

	Name of	% of voting rights if it	% of voting rights through	Total of both if it
Ultimate controlling	equals or is higher	financial instruments if it	equals or is higher
controlled
person	than the notifiable	equals or is higher than the	than the notifiable
undertaking
	threshold	notifiable threshold	threshold

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

Ruffer LLP controls the voting rights over 23,466,411 shares (now 4.739805% of the voting rights) of GRIT Real Estate Income Group which are held by the discretionary clients of Ruffer LLP and its subsidiaries (the voting of which is all controlled by Ruffer LLP).

This change from 5% to less than 5% is due to the sale of 1,773,391 shares by Ruffer LLP on 8 November 2022.

1. Date of Completion 09-Nov-2022
2. Place Of Completion Ruffer LLP