Secure Property Development & Invest PLC/ Index: AIM / Epic: SPDI / Sector: Real Estate

10 July 2024

Secure Property Development & Investment PLC ('SPDI' or 'the Company')

Result of EGM

Secure Property Development & Investment PLC, the AIM quoted South Eastern European focused property company, announces that today it held the Company's Extraordinary General Meeting (the "EGM") where all resolutions proposed to shareholders were duly passed.

Following the approval of the resolutions at the EGM, the necessary changes to the Company's share capital structure, as set out in the Notice of EGM sent to shareholders on 17 June 2024, will be undertaken.  This will permit the distribution to shareholders of SPDI their pro rata allocation of shares of Arcona Property Fund N.V. held by the Company, or by a bank transfer of readily available funds, or both as the board of directors may in their absolute discretion decide. To do this, the Company's redeemable preference Class B shares will be cancelled (Resolution 1) and the Company's share premium account will be reduced (Resolutions 2 and 3).

Further announcements will be made in due course.

**ENDS**

For further information please visit www.secure-property.eu or contact:

Notes to Editors

Secure Property Development and Investment plc is an AIM listed property development and investment company focused on the South East European markets.  The Company's strategy is focused on generating healthy investment returns principally derived from: the operation of income generating commercial properties and capital appreciation through investment in high yield real estate assets.  The Company is focused primarily on commercial and industrial property in populous locations with blue chip tenants on long term rental contracts.  The Company's senior management consists of a team of executives that possess extensive experience in managing real estate companies both in the private and the publicly listed sector, in various European countries.