Real Estate Credit Investments : Results of the Annual General Meeting

18 September 2017

REAL ESTATE CREDIT INVESTMENTS LIMITED (THE "COMPANY")

RESULT OF THE ANNUAL GENERAL MEETING

The Board of Directors of the Company is pleased to announce that, at the Annual General Meeting of the Company held today (the "AGM"), all resolutions were approved.

For further information please contact:

-ENDS-

Broker:	Richard Crawley / Richard Bootle (Liberum	[phone]
Capital)
Investor Relations:	Nicole Von Westenholz (Cheyne)	[phone]

Resolutions	Votes For / Discretionary	% of Vote	Against	% of Vote	Withheld
Ordinary business
1. To receive and adopt the Directors' report and financial statements for the period ended 31 March 2018.	58,808,175	95.21	2,955,722	4.79	0
2. To re-appoint Deloitte LLP as Auditors.	61,669,734	99.85	94,163	0.15	0
3. To authorise the Directors to fix the remuneration of the Auditors.	61,703,731	99.90	60,167	0.10	0
4. To re-elect Bob Cowdell as a Director.	61,680,795	99.87	83,102	0.13	0
5. To re-elect Graham Harrison as a Director	58,637,962	94.94	3,125,935	5.06	0
6. To re-elect John Hallam as a Director.	58,519,984	94.75	3,243,913	5.25	0
7. To elect Susie Farnon as a Director.	57,271,014	92.72	4,491,726	7.27	0
Extraordinary business
8. To renew the Company's authority under and in accordance with the Articles of Incorporation of the Company and section 315 of the Law to make market acquisitions (within the meaning of section 316 of the Law) to authorise the Company unconditionally and generally to make market acquisitions of up to 14.99 per cent of the Ordinary Shares on such terms and in such manner as the Directors may from time to time determine.	61,702,574	99.89	60,167	0.10	0

9. To disapply pre-emption rights in relation to 'equity securities' (as defined in the Articles), and authorise the Directors to allot and issue equity securities for cash pursuant to Article 5 of the Articles or by way of a sale of treasury shares as if Article 6.3 of the Articles did not apply to any such allotment and issue, provided that this power shall be limited to the allotment and issue of up to 10 per cent. of the total Ordinary Shares issued by the Company as at 10 August 2018, being the Latest Practicable Date before publication of this Circular, and shall expire on the date of the Company's annual general meeting to be held in 2019 (unless previously renewed, varied or revoked by the Company in general meeting), save that the Company shall be entitled to make offers or agreements before the expiry of such power which would or might require equity securities to be allotted and issued after such expiry and the Directors shall be entitled to allot and issue equity securities pursuant to any such offer or agreement as if the power conferred hereby had not expired.

56,707,907

92.63

4,513,717

7.37

542,273