Fact Sheet Announcement

Summary by AI ^BETAClose X

Real Estate Credit Investments Limited has released its Investment Manager's Fact Sheet as of 31 December 2025, reporting a diversified portfolio of 24 investments valued at £279.7 million, with available cash of £28.2 million and net effective leverage at 28.8%. The Net Asset Value (NAV) per share decreased from 142.4 pence in November to 140.1 pence in December, primarily due to a dividend payment of 3.0 pence, partially offset by interest income and asset valuation gains. Asset valuations contributed positively by £0.2 million, with mixed performance across specific assets including a negative impact from Student Housing London.

Disclaimer*

Real Estate Credit Investments Ltd

20 January 2026

Real Estate Credit Investments Limited

Investment Manager Fact Sheet

Real Estate Credit Investments Limited (the "Company" or "RECI"), a non-cellular company incorporated in Guernsey, is pleased to announce that its Investment Manager's monthly Fact Sheet as at 31 December 2025 is now available on the Company's website at:

https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1

MONTHLY UPDATE

As at 31 December 2025, the Company was invested in a diversified portfolio of 24 investments with a valuation of £279.7m. The Company's available cash was £28.2m and net effective leverage was 28.8%.

November NAV	142.4p
Interest income	0.6p
Asset valuations	0.2p
FX	0.1p
Expenses	(0.2)p
Dividend	(3.0)p
December NAV	140.1p

ASSET VALUATIONS

In the month, movements in NAV due to asset valuations amounted to positive £0.2m.

Asset Valuations
Student Housing London	(0.3)p
German Special Sits	0.1p
Luxury Residence Spain	0.1p
Other	0.3p
Total	0.2p

For further information please contact:

Broker:	Darren Vickers / Alex Collins (Panmure Liberum)	+44 (0)20 3100 2222
Investment Manager:	RECIIR@cheynecapital.com (Cheyne)	+44 (0)20 7968 7450

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