Mandatory Audit firm rotation

GRIT REAL ESTATE INCOME GROUP LIMITED (Registered in Guernsey) (Registration number: 68739) LSE share code: GR1T SEM share codes (dual currency trading): DEL.N0000 (USD) / DEL.C0000 (MUR) ISIN: GG00BMDHST63 LEI: 21380084LCGHJRS8CN05   ("Grit" or the "Company" or the "Group")

    CHANGE OF AUDITOR – MANDATORY AUDIT FIRM ROTATION  
Grit Real Estate Income Group Limited, a leading Pan-African real estate company focused on investing in, developing and actively managing a diversified portfolio of assets underpinned by predominantly US Dollar and Euro denominated long-term leases with high quality multi-national tenants, announces that PricewaterhouseCoopers LLP ("PwC") has resigned as the Group's auditor and the Board of Grit has approved the appointment of MacIntyre Hudson LLP (”MHA”) with Baker Tilly CI Audit Limited ("BTCI") as the Group's new lead auditor.   MHA is registered in England as statutory auditors and are independent UK members of Baker Tilly International.   BTCI will conduct the audit of the Group's financial statements for the financial year to 30 June 2025 and a proposal to re-appoint them as auditors of the Group will be subject to the approval of shareholders at the 2025 Annual General Meeting.   PwC was appointed as the Group’s external Auditors in 2018, with their first audit being the 2017/18  Annual Report and Accounts. The UK and Mauritius Codes of Corporate Governance (“the Code”) recommend a mandatory rotation of audit firms of listed companies after a set period, which in the case of the Mauritius Code, amounts to seven years. The Company consequently undertook an external tender process for the audit of the Annual Report and Accounts for the year ending30 June 2025.   We thank PWC for their services over this time. PwC has confirmed to the Company that there are no matters connected with their ceasing to hold office that need to be brought to the attention of the members or creditors of the Company for the purposes of section 273 of The Companies (Guernsey) Law 2008.   By order of the Board   19 December 2024   FOR FURTHER INFORMATION, PLEASE CONTACT:

Grit Real Estate Income Group Limited
Bronwyn Knight, Chief Executive Officer	+230 269 7090
Group Investor Relations	ir@grit.group
Cavendish Capital Markets Limited - UK Financial Adviser
James King / Tunga Chigovanyika / Teddy Whiley (Corporate Finance)	+44 20 7220 5000
Justin Zawoda-Martin / Daniel Balabanoff / Pauline Tribe (Sales)	+44 20 3772 4697
Perigeum Capital Ltd - SEM Authorised Representative and Sponsor
Shamin A. Sookia Darren Chinasamy	+230 402 0894 +230 402 0885
Capital Markets Brokers Ltd - Mauritian Sponsoring Broker
Elodie Lan Hun Kuen	+230 402 0280

  NOTES: Grit Real Estate Income Group Limited is the leading pan-African impact real estate company focused on investing in, developing 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-chip multi-national tenant covenants across a diverse range of robust property sectors. The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income and capital growth. The Company holds its primary listing on the Main Market of the London Stock Exchange (LSE: GR1T and a dual currency trading secondary listing on the Stock Exchange of Mauritius (SEM: DEL.N0000 (USD) / DEL.C0000 (MUR)) Further information on the Company is available at www.grit.group Directors: Peter Todd (Chairman), Bronwyn Knight (Chief Executive Officer) *, Gareth Schnehage (Chief Financial Officer) *, David Love+, Catherine McIlraith+, Cross Kgosidiile, Lynette Finlay+ and Nigel Nunoo+. (* Executive Director) (+ independent Non-Executive Director) Company secretary: Intercontinental Fund Services Limited Registered office 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 SEM authorised representative and sponsor: Perigeum Capital Ltd UK Transfer secretary: Link Assets Services Limited Mauritian Sponsoring Broker: Capital Markets Brokers Ltd This notice is issued pursuant to the FCA Listing Rules, 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.