SUPERMARKET INCOME REIT PLC - Notice of dividend currency exchange rate (South African Rand) and tax implications for South African shareholders

Notice of dividend currency exchange rate (South African Rand) and tax implications for South African shareholders

SUPERMARKET INCOME REIT PLC
(Incorporated in the United Kingdom)
Company Number: 10799126
LSE Share Code: SUPR
JSE Share Code: SRI
ISIN Code: GB00BF345X11
LEI: 2138007FOINJKAM7L537
("SUPR" or the "Company")

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND) AND TAX
IMPLICATIONS FOR SOUTH AFRICAN SHAREHOLDERS

On 2 October 2025 the Company announced the declaration of an interim dividend in respect of the period
from 1 July 2025 to 30 September 2025 of 1.545 pence per ordinary share ("First Quarterly Dividend"),
which will be paid by way of a Property Income Distribution ("PID") on or around 21 November 2025
("Dividend Payment Date") to shareholders on the register as at Friday, 24 October 2025 ("Record Date").

The First Quarterly Dividend will be paid in British pound sterling ("GBP") to shareholders on the UK register
("UK Shareholders") and South African Rand ("ZAR") to shareholders on the South African register ("SA
Shareholders"). SA Shareholders are advised that the currency exchange rate applicable to the First
Quarterly Dividend payable in ZAR will be 23.1683 ZAR to 1.00 GBP ("Exchange Rate"), resulting in a
gross local dividend amount of 35.82283 ZAR cents per share. The date on which the GBP payment was
converted to ZAR was 20 October 2025.

To facilitate settlement of the First Quarterly Dividend to shareholders on the South African share register,
shares cannot be moved between the South African share register and the UK share register and no such
transfers of shares between the South African share register and the UK share register shall be registered,
between the date of this announcement and Friday, 24 October 2025 (Record Date) both days inclusive.

As at 2 October 2025, the issued share capital of the Company consisted of 1,246,239,185 ordinary shares.

The First Quarterly Dividend should be regarded as a 'foreign dividend' for South African income tax and
dividends tax purposes and the funds will be paid from the United Kingdom.

Accordingly, shareholders will be paid a cash dividend per share as follows:

     Dividend                                                            UK Shareholders         SA Shareholders
                                                                         (GBP pence)             (ZAR cents)

     Gross amount of PID dividend payable                                       1.545                 35.82283
     Less 20% UK withholding tax*                                               0.309                  7.16457
     Net PID dividend payable**                                                 1.236                 28.65826
     Less effective 5% SA dividends tax for SA Shareholders
                                                                                 N/A                   1.79114
     who are SA tax residents***
     Net PID dividend payable                                                   1.236                 26.86712

*      Certain categories of UK Shareholders may apply for exemption, in which case the PID element will be paid gross
       of UK withholding tax.
**     Net position after deducting UK withholding tax for both UK and SA Shareholders, but before qualifying
       SA Shareholders who are SA tax residents have claimed back 5% from His Majesty's Revenue & Customs under
       the double tax agreement between the United Kingdom and South Africa in respect of the UK withholding tax.
***    SA dividends tax applies at the rate of 20% for qualifying SA Shareholders who are SA tax residents, but such SA
       Shareholders receive a rebate of the UK withholding taxes suffered (which is effectively 15%, after taking into
       account the 5% rebate referred to in **).

For the avoidance of doubt, SA dividends tax, and therefore the information provided in this announcement,
is only of direct application to SA Shareholders who are SA tax residents. The contents of this
announcement are not to be construed as legal or tax advice. SA Shareholders are advised to consult their
own legal, financial or tax adviser for tax advice and should direct any questions regarding the application
of the SA dividends tax to their CSDP, broker or the Company's Transfer Secretary at:

Computershare Investor Services (Pty) Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196, South Africa
(Private Bag X9000, Saxonwold, 2132)
Telephone: +27 11 373 0033
Facsimile: +27 11 688 5218
Email enquiries: web.queries@computershare.co.za

For further information:

Supermarket Income REIT plc
Rob Abraham / Mike Perkins / Chris McMahon                                ir@suprplc.com


The Company has a primary listing on the London Stock Exchange and a secondary listing on the JSE
Limited.


United Kingdom
20 October 2025

Sponsor: PSG Capital

Date: 20-10-2025 12:03:00
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