Vanguard Group's Position on PRS REIT Securities

On February 26, 2025, The Vanguard Group, Inc. disclosed its ownership of 9,870,329 ordinary shares in PRS REIT, representing a 1.80% interest. This disclosure follows Rule 8.3 of the Takeover Code, necessitating statements from entities holding 1% or more in relevant securities.

The declaration highlights Vanguard's sale of 107,408 shares at 1.13 GBP per unit in PRS REIT. The report affirms there are no cash-settled or stock-settled derivative positions, nor are there option agreements to buy or sell additional securities. Additionally, no indemnity arrangements or derivative-related agreements are attached to this disclosure.

Vanguard's disclosure indicates an active interest in PRS REIT, though no arrangements suggest future transactions. The communication is confirmed by Shawn Acker, Vanguard's contact person.