CIVITAS SOCIAL HOUSING PLC

(“Civitas” or the “Company“)

Civitas Social Housing PLC (“Civitas” or the “Company”) is pleased to announce that as a result of investor interest its IPO has been oversubscribed with demand exceeding the maximum gross proceeds of £350 million. Accordingly, a scaling back exercise has been  undertaken with  respect  to  applications  received. The Board  has  resolved to accept gross proceeds under the IPO of £350 million.

Highlights:

o   Civitas is the first REIT to be listed on the London Stock Exchange offering pure play exposure to built social housing.
o   The net IPO proceeds will be used to acquire built Social Homes in England and Wales.
o   The Company’s objective is  to provide shareholders with an attractive level of income underpinned by long term  leases and  occupancy  agreements  of typically 10 to 40 years, together with the potential for capital growth.
o   Civitas targets a dividend yield of 5%* which is expected to increase in line with inflation.

Applications have been made in respect of 350 million ordinary shares to be admitted to trading on the London Stock Exchange’s Main Market for listed securities and to listing on  the  Premium  Listing  segment of the Official List of the UK Listing Authority(“Admission”). It is expected that Admission will become effective and dealings in the new ordinary shares will commence at 8.00 a.m. (London time) on 18 November.

Cenkos Securities plc is acting as sole sponsor and financial adviser.

* This is a target only and not a profit forecast.  There can be no assurance  that the target can or will be met and should  not be taken as an indication  of the Company’s  expected or actual future results.  Accordingly, potential  investors  should  not place  any reliance  on this  target in deciding  whether or not to invest in the Company or assume  that the Company will make any distributions  at all and should  decide  for themselves whether  or not the target dividend  yield is reasonable or achievable.

Michael Wrobel, Chairman of the Company said:

“We  are delighted with the investor support we have received and we look  forward to working with our shareholders in the future.”

Paul Bridge, CEO of CHA said:

“Civitas looks forward to working in partnership with social housing providers to enable significant new investments into the sector”

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