AEW UK REIT PLC

Major Shareholding Notification • Mar 2, 2020

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
1a. Identityof the issuer or the underlying issuer of existing shares to which voting rights are attached:				AEW UK REIT plc
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Details of person subject to the notification obligation
Name The Royal Bank of Scotland Group plc
City and country of registered office (if applicable)	Edinburgh, Scotland
4. Full name of shareholder(s) (if different from 3.)
Name	Lynchwood Nominees Limited
City and country of registered office (if applicable)			-
5. Date on which the threshold was crossed or reached:			25/02/2020
6. Date on which issuer notified (DD/MM/YYYY):			27/02/2020
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)		% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	8.95%		N/A	8.95%	151,558,251
Position of previous notification (if applicable)	9.91%	N/A		9.91%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of		Number of voting rights	%of voting rights
shares ISIN code (if possible)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
ORDGBP0.01 GB00BWD24154		13,570,464		8.95%
SUBTOTAL 8. A	13,570,464		8.95%

B 1: Financial Instruments according toArt. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/converted.	%of voting rights

	SUBTOTAL 8. B 1

B 2: Financial Instrumentswith similar economic effect according toArt. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Physical or cash settlement	Number of voting rights	%of voting rights
			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")
		Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s)
holding directly or indirectly an interest in the (underlying) issuer
	Full chain of controlled undertakings through which the voting rights and/or the
		financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as		X
necessary)
Name	%of voting rights through %of voting rights if it equals Total of both if it equals or is financial instruments if it equals or is higher than the notifiable higher than the notifiable or is higher than the notifiable threshold threshold threshold
The Royal Bank of Scotland Group plc	8.95%		8.95%
NatWest Holdings Limited	8.95%		8.95%
National Westminster Bank Plc	8.95%		8.95%
Coutts & Company	8.95%		8.95%

10.In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held

11.Additional information

Place of completion Edinburgh, Scotland
Date of completion	27/02/2020

ISIN: GB00BWD24154 Category Code: HOL TIDM: AEWU LEICode: 21380073LDXHV2LP5K50 OAM Categories:2.3. Major shareholding notifications Sequence No.: 49696 EQS News ID: 986023

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