<div id="readability-page-1"><div>RNS Number : 4840K PRS REIT PLC (The) 05 December 2025 TR-1: Standard form for notification of major holdings1. Issuer DetailsISINGB00BF01NH51Issuer NameTHE PRS REIT PLCUK or Non-UK IssuerUK2. Reason for NotificationAn acquisition or disposal of financial instruments3. Details of person subject to the notification obligationNameGlazer Capital, LLCCity of registered office (if applicable)New YorkCountry of registered office (if applicable)USA4. Details of the shareholder<div><table><tbody><tr><td>Name</td><td>Glazer Enhanced Offshore Fund, Ltd.</td></tr><tr><td>City of registered office</td><td>Grand Cayman</td></tr><tr><td>Country of registered office</td><td>Cayman Islands</td></tr></tbody></table></div>5. Date on which the threshold was crossed or reached03-Dec-20256. Date on which Issuer notified04-Dec-20257. Total positions of person(s) subject to the notification obligation<div><table><tbody><tr><td></td><td>% of voting rights attached to shares (total of 8.A)</td><td>% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)</td><td>Total of both in % (8.A + 8.B)</td><td>Total number of voting rights held in issuer</td></tr><tr><td>Resulting situation on the date on which threshold was crossed or reached</td><td>0.000000</td><td>5.285960</td><td>5.285960</td><td>29033213</td></tr><tr><td>Position of previous notification (if applicable)</td><td></td><td></td><td></td><td></td></tr></tbody></table></div>8. Notified details of the resulting situation on the date on which the threshold was crossed or reached8A. Voting rights attached to shares<div><table><tbody><tr><td>Class/Type of shares ISIN code(if possible)</td><td>Sub Total 8.A</td></tr><tr><td>Number of direct voting rights (DTR5.1)</td><td colspan="2"></td></tr><tr><td>Number of indirect voting rights (DTR5.2.1)</td><td colspan="2"></td></tr><tr><td>% of direct voting rights (DTR5.1)</td></tr><tr><td>% of indirect voting rights (DTR5.2.1)</td></tr></tbody></table></div>8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))<div><table><tbody><tr><td>Type of financial instrument</td><td>Sub Total 8.B1</td></tr><tr><td>Expiration date</td><td colspan="2"></td></tr><tr><td>Exercise/conversion period</td><td></td></tr><tr><td>Number of voting rights that may be acquired if the instrument is exercised/converted</td><td></td></tr><tr><td>% of voting rights</td></tr></tbody></table></div>8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))<div><table><tbody><tr><td>Type of financial instrument</td><td>Expiration date</td><td>Exercise/conversion period</td><td>Physical or cash settlement</td><td>Number of voting rights</td><td>% of voting rights</td></tr><tr><td>Total Equity Return Swaps</td><td></td><td></td><td>Cash</td><td>29033213</td><td>5.285960</td></tr><tr><td>Sub Total 8.B2</td><td colspan="3"></td><td>29033213</td><td>5.285960%</td></tr></tbody></table></div>9. Information in relation to the person subject to the notification obligation2. 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 entities (please add additional rows as necessary)<div><table><tbody><tr><td>Ultimate controlling person</td><td>Paul J. Glazer</td></tr><tr><td>Name of controlled undertaking</td><td>Glazer Capital, LLC</td></tr><tr><td>% of voting rights if it equals or is higher than the notifiable threshold</td><td>0.000000</td></tr><tr><td>% of voting rights through financial instruments if it equals or is higher than the notifiable threshold</td><td>5.285960</td></tr><tr><td>Total of both if it equals or is higher than the notifiable threshold</td><td>5.285960%</td></tr></tbody></table></div>10. In case of proxy votingName of the proxy holderThe number and % of voting rights heldThe date until which the voting rights will be held11. Additional InformationGlazer Capital, LLC is the discretionary investment manager for investment funds and a separate managed account (the &#34;Clients&#34;). This filing is a notification of major holding in the aggregate on behalf of such Clients.12. Date of Completion04-Dec-202513. Place Of CompletionNew York, USAThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END HOLFELFBELLXFBK</div></div>

PRS REIT PLC has issued a TR-1 notification regarding major holdings. Glazer Capital, LLC has acquired or disposed of financial instruments, crossing a threshold on December 3, 2025. The notification details Glazer Capital's voting rights through financial instruments, totaling 5.285960%. The filing is made on behalf of investment funds and a managed account, with completion on December 4, 2025, in New York, USA.

REG - PRS REIT PLC (The) - TR-1 Notification