BRIEF

on The Vanguard Group, Inc. (isin : US12572Q1058)

The Vanguard Group Discloses Position in PRS REIT plc

The Vanguard Group, Inc. has filed Form 8.3, reporting a relevant securities interest in PRS REIT plc. As of April 3, 2025, Vanguard holds 9,702,522 1p ordinary shares, representing a 1.77% stake in the company. This disclosure follows Rule 8.3 of the Takeover Code, applicable to persons with interests over 1%.

Vanguard reported purchasing an additional 23,549 shares at 1.15 GBP, consolidating its position. The form shows no involvement in cash-settled or stock-settled derivatives related to PRS REIT. Furthermore, no indemnity agreements or inducements for dealing were recorded. The disclosure also confirms the absence of arrangements concerning voting rights or future acquisitions.

No Supplemental Form 8 was attached with the disclosure, which remains consistent with The Vanguard Group's transparency practices regarding PRS REIT investments.

R. H.

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