31 December 2019

Raven Property Group Limited (“Raven” or the “Company”)

Five Year Performance Plan (“FYPP”)

In accordance with the FYPP approved by ordinary shareholders on 12 July 2017 and set out in note 31 to the 2018 Annual Report the Company confirms the following investments by PDMRs of existing listed securities of the Company held by each of them or their associated trusts pursuant to the terms of the Plan:

A Bilton	
Securities invested 
66,618 preference shares
1,639,404 convertible preference shares	
Initial Prescribed Value ?2.0m

G Hirsch
Securities invested	
66,618 preference shares 
1,639,404 convertible preference shares	
Initial Prescribed Value ?2.0m

M Sinclair	
Securities invested
717,317 ordinary shares
556,907 preference shares
754,162 convertible preference shares	
Initial Prescribed Value ?2.0m

C Smith	
Securities invested
837,505 ordinary shares
503,719 preference shares
681,604 convertible preference shares	
Initial Prescribed Value ?1.9m

Enquiries

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

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

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

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

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

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

Ravenscroft (TISE sponsor)
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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Praxis Trustees Limited & Truchot Trustees Limited

2 Reason for the notification 

a) Position/status 
PCA of Anton Bilton, a PDMR

b) Initial notification /Amendment 
Initial notification

3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a) Name 
Raven Property Group Limited

b) LEI 
213800YJ5HI5CBXCYJ65

4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 

a) Description of the financial instrument, type of instrument 
Identification code 
Ordinary shares of 1p each 
GB00B0D5V538

b) Nature of the transaction 
Investment in FYPP

c) Price(s) and volume(s) 
Price(s)
Volume(s)
n/a
Such number of ordinary shares as arises in accordance with the conditions set out in the rules of the Plan. Vested entitlements will be settled after March 2023.

d) Aggregated information 
- Aggregated volume 
- Price 
Not applicable

e) Date of the transaction 
30/12/19

f) Place of the transaction 
Outside of Trading Venue

1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Glyn Hirsch

2 Reason for the notification 

a) Position/status 
Director/ PDMR

b) Initial notification /Amendment 
Initial notification

3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a) Name 
Raven Property Group Limited

b) LEI 
213800YJ5HI5CBXCYJ65

4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 

a) Description of the financial instrument, type of instrument 
Identification code 
Ordinary shares of 1p each 
GB00B0D5V538

b) Nature of the transaction 
Investment in FYPP

c) Price(s) and volume(s) 
Price(s)
Volume(s)
n/a
Such number of ordinary shares as arises in accordance with the conditions set out in the rules of the Plan. Vested entitlements will be settled after March 2023.

d) Aggregated information 
- Aggregated volume 
- Price 
Not applicable

e) Date of the transaction 
30/12/19

f) Place of the transaction 
Outside of Trading Venue

1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Mark Sinclair

2 Reason for the notification 

a) Position/status 
Director/ PDMR

b) Initial notification /Amendment 
Initial notification

3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a) Name 
Raven Property Group Limited

b) LEI 
213800YJ5HI5CBXCYJ65

4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 

a) Description of the financial instrument, type of instrument 
Identification code 
Ordinary shares of 1p each 
GB00B0D5V538

b) Nature of the transaction 
Investment in FYPP

c) Price(s) and volume(s) 
Price(s)
Volume(s)
n/a
Such number of ordinary shares as arises in accordance with the conditions set out in the rules of the Plan. Vested entitlements will be settled after March 2023.

d) Aggregated information 
- Aggregated volume 
- Price 
Not applicable

e) Date of the transaction 
30/12/19

f) Place of the transaction 
Outside of Trading Venue

1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Raven Russia Defined Contribution Executive Guernsey Pension Scheme.

2 Reason for the notification 

a) Position/status 
PCA of Mark Sinclair, a PDMR

b) Initial notification /Amendment 
Initial notification

3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a) Name 
Raven Property Group Limited

b) LEI 
213800YJ5HI5CBXCYJ65

4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 

a) Description of the financial instrument, type of instrument 
Identification code 
Ordinary shares of 1p each 
GB00B0D5V538

b) Nature of the transaction 
Investment in FYPP

c) Price(s) and volume(s) 
Price(s)
Volume(s)
n/a
Such number of ordinary shares as arises in accordance with the conditions set out in the rules of the Plan. Vested entitlements will be settled after March 2023.

d) Aggregated information 
- Aggregated volume 
- Price 
Not applicable

e) Date of the transaction 
30/12/19

f) Place of the transaction 
Outside of Trading Venue

1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Colin Smith

2 Reason for the notification 

a) Position/status 
Director/PDMR

b) Initial notification /Amendment 
Initial notification

3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a) Name 
Raven Property Group Limited

b) LEI 
213800YJ5HI5CBXCYJ65

4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 

a) Description of the financial instrument, type of instrument 
Identification code 
Ordinary shares of 1p each 
GB00B0D5V538

b) Nature of the transaction 
Investment in FYPP

c) Price(s) and volume(s) 	
Price(s)
Volume(s)
n/a
Such number of ordinary shares as arises in accordance with the conditions set out in the rules of the Plan. Vested entitlements will be settled after March 2023.

d) Aggregated information 
- Aggregated volume 
- Price 
Not applicable

e) Date of the transaction 
30/12/19

f) Place of the transaction 
Outside of Trading Venue

1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
New Street Trust Limited as trustees of the Lorier Discretionary Trust

2 Reason for the notification 

a) Position/status 
PCA of Colin Smith, a PDMR

b) Initial notification /Amendment 
Initial notification

3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a) Name 
Raven Property Group Limited

b) LEI 
213800YJ5HI5CBXCYJ65

4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 

a) Description of the financial instrument, type of instrument 
Identification code 
Ordinary shares of 1p each 
GB00B0D5V538

b) Nature of the transaction 
Investment in FYPP

c) Price(s) and volume(s) 
Price(s)
Volume(s)
n/a
Such number of ordinary shares as arises in accordance with the conditions set out in the rules of the Plan. Vested entitlements will be settled after March 2023.

d) Aggregated information 
- Aggregated volume 
- Price 
Not applicable

e) Date of the transaction 
30/12/19

f) Place of the transaction 
Outside of Trading Venue

1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Lorier Retirement Annuity Trust

2 Reason for the notification 

a) Position/status 
PCA of Colin Smith, a PDMR

b) Initial notification /Amendment 
Initial notification

3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a) Name 
Raven Property Group Limited

b) LEI 
213800YJ5HI5CBXCYJ65

4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 

a) Description of the financial instrument, type of instrument 
Identification code 
Ordinary shares of 1p each 
GB00B0D5V538

b) Nature of the transaction 
Investment in FYPP

c) Price(s) and volume(s) 
Price(s)
Volume(s)
n/a
Such number of ordinary shares as arises in accordance with the conditions set out in the rules of the Plan. Vested entitlements will be settled after March 2023.

d) Aggregated information 
- Aggregated volume 
- Price 
Not applicable

e) Date of the transaction 
30/12/19

f) Place of the transaction 
Outside of Trading Venue