13 January 2021

TRITAX BIG BOX REIT PLC

CHAIRMAN sUCCESSION

The Board of Tritax Big Box REIT plc (ticker: BBOX) ('the Company') announces that Sir Richard Jewson KCVO JP has informed the Board of his intention to retire as Chairman of the Company at the next Annual General Meeting ('AGM') in May 2021.

The Board would like to express its deep thanks to Sir Richard for his guidance, wisdom and service and his significant contribution to the growth of the Company over the past seven years as Chairman and wish him all the very best for the future. During Sir Richard's time as Chairman, he led the Company's successful IPO in December 2013 and subsequent equity raises totalling £2.0 billion in aggregate and he has overseen the growth in value of the Company's portfolio to £4.2 billion across 61 assets as at 30 June 2020, and the acquisition of Tritax Symmetry in February 2019.

The Board is pleased to announce that Aubrey Adams OBE, the current Senior Independent Director of the Company, will be appointed as Chairman with effect from the 2021 AGM. This appointment is the result of a thorough and comprehensive Chairman succession planning process, which was supported by external consultants, Korn Ferry, and forms part of the Board succession planning programme as previously stated in the Company's 2020 Annual Report and Accounts and results for the six months ended 30 June 2020 announced in August 2020.

The Board is delighted to welcome Aubrey as Chairman, who brings over 40 years' experience at board level in the real estate sector, including part of his executive career as chief executive of Savills plc for 17 years until 2008. He is currently Group Chair of L&Q Housing Trust, one of the largest housing associations in the UK. He previously chaired Max Property Group plc and was a non-executive director of The British Land Company PLC and senior independent director of Associated British Ports plc. Aubrey combines this extensive experience with his first-hand knowledge and understanding of the business and the Manager, having been appointed in September 2017 as Non-Executive Director and in March 2019 as Senior Independent Director. 

Sir Richard Jewson KCVO JP, Chairman of Tritax Big Box REIT plc, commented: 

"It has been a privilege to serve as Chairman of Tritax Big Box REIT plc since IPO, working closely with an excellent Board and the outstanding Tritax Management team. Much has been achieved and the Company is well positioned to make further progress."

Aubrey Adams OBE, Senior Independent Director, commented:

"I am honoured to accept the role of Chairman at Tritax Big Box REIT plc and, on behalf of the Board, I would like to express my deep thanks to Sir Richard for his invaluable contribution to the growth and success of the Company and for the strong legacy he leaves, a business in excellent condition and very well placed to continue to deliver resilient, growing and sustainable income and attractive capital growth. Sir Richard departs the business with our very best wishes."

This announcement is made for the purposes of Rule 9.6.11R of the Listing Rules.

FOR FURTHER INFORMATION, PLEASE CONTACT:

The Company's LEI is: 213800L6X88MIYPVR714

NOTES:

Tritax Big Box REIT plc (ticker: BBOX) is the only listed vehicle dedicated to investing in very large logistics warehouse assets (Big Boxes) in the UK and is committed to delivering attractive and sustainable returns for Shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes.

The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies (REIT), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.

Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk