Ediston Property Investment Company plc ('Ediston' or 'the Company') is a UK-listed Real Estate
Investment Trust (REIT) investing in commercial property throughout the UK.

24 February 2021

Lease restructure at St Philips Point, Birmingham

The Company has completed a lease restructure with existing tenant AXA Insurance UK plc. The previous leases each had a tenant break option in June 2021. AXA has committed to 27,990 sq. ft. of space across three floors, including a new lease on the vacant refurbished first floor which extends to 14,208 sq. ft. AXA reduced the amount of floorspace it leases by 5,005 sq. ft. and will occupy three floors instead of five. One floor has a break option in June 2022, one has a break option in December 2023, and the largest floor is leased for a term certain of five years. The Company worked in collaboration with the tenant to identify an occupational solution which offered flexibility to deal with the challenges posed by COVID-19. This transaction secures £687,696 of rental income per annum.