11 December 2019

Raven Property Group Limited ("Raven" or the "Company")
Possible purchase by the Company of its own preference shares and convertible preference shares

The Board of Raven announces that the Company has entered into discussions with an institutional shareholder to buy back preference shares and convertible preference shares in the Company.  The possible purchases would be conducted off market at a price of 115 pence per preference share and 92.5 pence per convertible preference share, payable in cash.

Any such purchase will be conditional, inter alia, on ordinary shareholders and convertible preference shareholders passing the resolutions necessary to authorise the purchases. The Company will make a decision about holding the preference shares and convertible preference shares purchased in treasury or cancelling them in due course.

A further announcement will be made as and when appropriate.

The information contained within this announcement relating to the purchase by the Company of its own shares is considered by Raven Property Group Limited to constitute inside information as stipulated under the Market Abuse Regulation (EU) No.596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.

The person responsible for arranging for the release of this announcement on behalf of the Company is Benn Garnham, Company Secretary.

Enquiries

Raven Property Group Limited
Anton Bilton
Glyn Hirsch
Tel: + 44 (0) 1481 712955

Novella Communications
Tim Robertson
Fergus Young
Tel: +44 (0) 203 151 7008

N+1 Singer
Corporate Finance - James Maxwell / James Moat
Sales - Alan Geeves / James Waterlow
Tel: +44 (0) 20 7496 3000

Numis Securities Limited
Alex Ham / Jamie Loughborough / Alasdair Abram
Tel: + 44 (0) 207 260 1000

Renaissance Capital (South Africa)
Yvette Labuschagne
Tel: +27 (11) 750 1448

Renaissance Capital (Moscow)
David Pipia
Tel: + 7 495 258 7770

Ravenscroft
Emma Ozanne
Tel: + 44 (0) 1481 729100

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. Its convertible preference shares are admitted to the Official List of TISE and to trading on the SETSqx market of the London 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