Triple Point Social Housing REIT : Investment Update to 31 December 2017

4 January 2018

Triple Point Social Housing REIT plc

(the 'Company' or, together with its subsidiaries, the 'Group')

INVESTMENT UPDATE TO 31 DECEMBER 2017

The Board of Triple Point Social Housing REIT plc (ticker: SOHO)is pleasedto provide the following update on its investment activity for the period fromIPO on 8 August 2017 to 31 December 2017.The Company made a number ofinvestments and in doing so has created aportfolio of regulated supported housing assets:

Funds invested (excluding purchase costs)	£130.1million
Number of properties	115
Number of leases with Approved Providers*	65
Approved Providers withwhom the Company has leases	11

*The portfolio is 100% let or pre-let. Some leases cover multiple properties.

The portfolio is also geographically diverse, currently spread across the following regions of England:

North West	38.7%
North East	18.7%
West Midlands	14.6%
East Midlands	8.8%
Yorkshire	7.8%
South	4.9%
South East	3.8%
London	2.6%

Percentages based on funds invested (excluding purchase costs).

The Company's delegated investment manager, Triple Point Investment Management LLP ('Triple Point'),has developed partnership programmes with a number of specialistvendors in the sector. Through these relationships, Triple Point has secured an attractive near-term off-market pipeline of more than 105 additional propertiesworthover £145million that are allocated to the Company, on which it expects to contract over the next fourmonths. In addition, Triple Point continues to evaluate potential portfolio acquisitions and forward funding opportunities through its network of contacts,which primarily spans Registered Providers and developers, as well asinvestors working in the sector.

Chris Phillips, Chairman of the Company, commented:

'The Companyhas made an encouraging start, deploying £130.1millionof the IPO proceeds to date in assetswhichafford bothhigh quality accommodationto some of the most vulnerable people in our society andthe opportunity for long-term value creationto the Company's shareholders. The Company will pay a dividend of 1p per share in respect of the period to 31 December 2017,and remains on track to deliver a 5p per share dividend in respect of its first full financial year to 31 December 2018.'

Note:

1 Figures to 31 December 2017.

2 This target dividend is a target only and not a profit forecast. The Company's ability to distribute dividends on an annual basis will be determined by the existence of realised profits, legislative requirements, and available cash reserves. There is no certainty as to any level of dividends. The dividend targets may not be achieved, and all dividend payments are subject to the Company having adequate distributable reserves and cash reserves.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

Triple Point Investment Management LLP (Delegated Investment Manager)	(via Newgate below)
James Cranmer
Ben Beaton
Max Shenkman
Justin Hubble
Akur Limited (Joint Financial Adviser)	Tel: [phone]
Tom Frost
Anthony Richardson
Siobhan Sergeant
Canaccord Genuity Limited (Joint Financial Adviser and Corporate Broker)	Tel: [phone]
David Yovichic
Lucy Lewis
Denis Flanagan
Newgate (PR Adviser)	Tel: [phone]
James Benjamin	Em:[e-mail]
Anna Geffert
Lydia Thompson

The Company's LEI is 213800BERVBS2HFTBC58.

Further information on the Company can be found on itswebsite atwww.triplepointreit.com.

NOTES:

The Company investsin social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio willtypicallybe subject to inflation-adjusted, long-term(from 20 years to 25 years), Fully Repairing and Insuring ('FRI') leases with RegisteredProviders. The portfolio will comprise investments into properties which are already subject to an FRI lease with a Housing Association, Local Authority or other regulated organisation, as well as forward funding of pre-let developments but will not include any direct development or speculative development.There is increasing political and financial pressure on Housing Associations to increase their housing delivery and this is creating opportunities for private sector investors to participate in the market.The Group's ability to provide forward financing for new developments not only enables the Company to secure fit for purpose, modern assets for its portfolio but also addressesthe chronic undersupply of suitable supported housing properties in the UK at sustainable rents anddelivering returns to investors.Triple Point Investment Management LLP (part of the Triple Point Group) isresponsible for management of the Group's portfolio (with such functions having been delegated to it by Langham Hall Fund Management LLP, the Company's alternative investment fund manager). The Company was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 8 August 2017and operatesas a UK Real Estate Investment Trust.