Scrip Dividend Circular (RAVP) Raven Property Group Limited Incorporated in Guernsey Company number 43371 LSE share code: RAV; JSE share code: RAV ISIN:GB00B0D5V538 (“Raven” or the “Company”) Scrip Dividend Circular (RAVP) Further to the Company's announcement on 11 February 2021, the circular relating to the scrip dividend in respect of the preference shares of 1p each with ticker RAVP (the “Preference Shares”) for the period from 31 December 2020 to (but excluding) 31 March 2021 (the "Circular") is now available on the investors page of the Company's website, www.theravenpropertygroup.com and is also available to view on the national storage mechanism (https://data.fca.org.uk/#/nsm/nationalstoragemechanism). A letter notifying holders of Preference Shares of the presence of the Circular on the Company's website and how to access it has been posted today together with a form of election (or an entitlement advice to the extent shareholders have already elected to participate in the scrip dividend mandate scheme). The last date for receipt of completed forms of election (in accordance with the terms thereof) will be 12 March 2021. 25 February 2021 JSE Sponsor: Rencap Securities (Pty) Limited Enquiries Raven Property Group Limited Tel: + 44 (0) 1481 712955 Anton Bilton Glyn Hirsch Novella Communications (public relations adviser) Tel: +44 (0) 203 151 7008 Tim Robertson Fergus Young N+1 Singer (UK joint broker) Tel: +44 (0) 20 7496 3000 Corporate Finance - James Maxwell / James Moat Sales - Alan Geeves / James Waterlow Numis Securities Limited (UK joint broker) Tel: + 44 (0) 207 260 1000 Alex Ham / Jamie Loughborough / Nathan Brown / George Shiel Renaissance Capital (South African broker) Tel: +27 (11) 750 1448 Yvette Labuschagne Renaissance Capital (Russian broker) Tel: + 7 495 258 7770 David Pipia Ravenscroft (TISE sponsor) Tel: + 44 (0) 1481 732746 Semelia Hamon About Raven Property Group Raven Property Group Limited was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares and Preference Shares are listed on the Main Market of the London Stock Exchange and admitted to the Official List of the UK Listing Authority and the Official List of The International Stock Exchange (“TISE”). Its Ordinary Shares also have a secondary listing on the main board of the Johannesburg Stock Exchange and the Moscow Stock Exchange. The Group operates out of offices in Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.9 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov- on-Don, Novosibirsk and Nizhny Novgorod and 49,000 square metres of commercial office space in St Petersburg. For further information visit the Company’s website: www.theravenpropertygroup.com Date: 25-02-2021 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.