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

1a. Identity of the issuer or the underlying issuer of	GRIT REAL ESTATE INCOME GROUP
existing shares to which voting rights are attachedii:	LIMITED
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer							X
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights					X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name				PUBLIC INVESTMENT CORPORATION
			SOC LIMITED
City and country of registered office (if applicable)	PRETORIA, SOUTH AFRICA
4. Full name of shareholder(s) (if different from 3.)v
Name				Government Employees Pension Fund of
			South Africa
City and country of registered office (if applicable)	PRETORIA, SOUTH AFRICA
5. Date on which the threshold was crossed or	11/09/2023
reachedvi:
6. Date on which issuer notified (DD/MM/YYYY):	12/09/2023
7. Total positions of person(s) subject to the notification obligation
	% of voting rights		% of voting rights		Total number
		through financial	Total of both in %
	attached to shares		of voting rights
		instruments		(8.A + 8.B)
	(total of 8. A)			of issuervii
		(total of 8.B 1 + 8.B 2)
Resulting
situation on
the date on
which	20.84%				20.84%	495,092,339
threshold was
crossed or
reached

Position of previous notification (if applicable)

17.71%

17.71%

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

A: Voting rights attached to shares

Class/type	Number of voting rightsix	% of voting rights
of
Direct	Indirect	Direct	Indirect
shares
(Art 9 of	(Art 10 of Directive	(Art 9 of Directive	(Art 10 of Directive
ISIN code (if
Directive	2004/109/EC)	2004/109/EC) (DTR5.1)	2004/109/EC)
possible)
2004/109/EC)	(DTR5.2.1)		(DTR5.2.1)
	(DTR5.1)
PAN	103,154,342		20.84%

SUBTOTAL 8. A

103,154,342

20.84%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiratio n

datex

Exercise/ Conversion Periodxi

Number of voting rights that may be acquired if the instrument is exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

NIL

NIL

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of	Expiration	Exercise/	Physical or	Number of
financial	Conversion	cash	% of voting rights
datex	voting rights
instrument	Period xi	settlementxii

SUBTOTAL	NIL	NIL
8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")

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) issuerxiii

Fullchain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

			% of voting rights	Total of both if it
		% of voting rights if it	through financial
		equals or is higher
Namexv		equals or is higher than	instruments if it equals
	than the notifiable
		the notifiable threshold	or is higher than the
		threshold
			notifiable threshold
PUBLIC
INVESTMENT		20.84%		20.84%
CORPORATION
SOC LIMITED
10. In case of proxy voting, please identify:
Name of the proxy holder		N/A
The number and % of voting rights held	N/A
The date until which the voting rights will be held	N/A

11. Additional informationxvi

Acquisition of further interest / shares in the Company on the Stock Exchange of Mauritius
Place of	PRETORIA, SOUTH AFRICA
completion
Date of	12 September 2023
completion

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.