RI UK 1 Limited entered into an agreement to acquire EPIC (No.1) and Epic (No. 2) from Ediston Property Investment Company plc (LSE:EPIC) for £196.8 million on September 8, 2023. The Consideration is payable in full and in cash by the Purchaser on Completion. Cash consideration of £200.8 million, prior to agreed deductions of approximately £4.0 million. The transaction is subject to certain customary adjustments, as detailed in the Circular. Completion of the Disposal is conditional only upon the approval of the Resolution by Shareholders at the General Meeting. The Board expects that, subject to the approval of the Resolution at the General Meeting, Completion will occur on, or around, September 28, 2023. David Yovichic of Investec Bank plc and Douglas Armstrong of Dickson Minto Advisers acted as financial advisor to the Board of Ediston Property Investment Company plc.

RI UK 1 Limited acquired EPIC (No.1) and Epic (No. 2) from Ediston Property Investment Company plc (LSE:EPIC) on September 29, 2023.