Picton Property Income Limited Annual Report 2023

Governance

Strategic Report

Financial Statements

Additional Information

The Board is responsible for the long-term success of the business, providing leadership and direction with due regard and consideration to all stakeholders in the business.

Richard Jones Chair of the Property Valuation Committee

Michael Morris Chief Executive

Andrew Dewhirst Finance Director

Appointed to the Board September 2020

Appointed to the Board October 2015

Appointed to the Board October 2018 Responsible for strategic financial planning and reporting for the Group. Key strengths and skills – Chartered accountant with extensive experience in financial planning and reporting – In-depth knowledge of financial services, capital markets and real estate funds – Expertise in debt and equity financing Principal external commitments None Previous experience and appointments – Director of Client Accounting, ING Real Estate Investment Management – Director, Hermes Administration Services

Responsible for overseeing the review of the quarterly valuation process and making recommendations to the Board as appropriate. Key strengths and skills – Significant real estate investment experience – Broad experience of property asset management – Extensive experience of property valuation Principal external commitments – Investment Committee, Henley Secure Income Property Unit Trust – Investment Committee, Henley Secure Income Property Unit Trust II – Special Advisor, Clearbell UK Strategic Trust Previous experience and appointments – UK Managing Director on Aviva’s Investors’ Global Real Estate Board – Special Director, Ribston UK Industrial Property Unit Trust – Non-Executive Director, Royal Brompton and Harefield Hospital NHS Foundation Trust – Transport for London’s Commercial Property Advisory Group

Responsible for overall strategic direction and execution of the Group’s business model. Key strengths and skills – Successful track record of driving investment strategy and delivering results for shareholders – Proven leadership skills – In-depth understanding of real estate equity capital markets Principal external commitments None Previous experience and appointments – 25 years’ wide-ranging commercial real estate market experience – Senior Director and Fund Manager, ING Real Estate Investment Management

 Picton Property Income Limited  Annual Report 2023

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