MRR Mill Res

                                                               13 February 2015

                           Mill Residential REIT plc
                                (the "Company")


                          Appointment of Joint Broker

Mill Residential REIT plc announces that finnCap Limited has today been appointed
as joint broker to the Company. Sanlam Securities UK Limited continues to act as
nominated adviser and joint broker to the Company.


For further information please contact:

Mill Residential REIT plc                                  020 7930 8600
David Toplas/Simon Phillips

Sanlam Securities UK (Nominated Adviser and Joint Broker)  020 7628 2200
Virginia Bull/Max Bascombe

finnCap Limited (Joint Broker)                             020 7220 0500
Tom Jenkins

Positive Profile (Financial PR)                            07774 228845
Henry Gewanter


About Mill Group Residential

Mill Group Residential is an independent specialist residential investment
manager with a successful track record of more than 20 years. The group's focus
is on long-term income generation through targeted asset acquisition and active
management in the residential sector. The private rented sector is a key
strategic planned area of growth for the group.

Since 1994, Mill Group has demonstrated its expertise in conceiving, building
and operating social infrastructure and residential property funds. The team
has managed £2.5bn of assets, including £1bn of residential property across a
number of successful platforms.

What is a UK-REIT?

In brief, a UK real estate investment trust (REIT) is a company that owns, and
in most cases, manages income-producing real estate. Modelled after mutual
funds, REITs provide investors of all types stable income streams,
diversification and long-term capital appreciation. Rental income of the REIT
will, in most cases, be exempt from UK taxation. REITs are required to pay out
90% of their calculated net exempt income as a special type of dividend (known
as a property income distribution or PID) to shareholders. In turn,
shareholders will be subject to tax on those dividends (unless falling within
certain exemptions such as registered pension schemes or charities).

REITs allow anyone to invest in portfolios of properties the same way they
invest in other industries i.e. through the purchase of shares in the REIT. In
the same way shareholders benefit by owning shares in other corporations, the
shareholders of a REIT earn a share of the income produced through real estate
investment without actually having to go out and buy or finance property. PIDs
are therefore subject to taxation as if they are a separate property income
stream.

REITs also have the advantage of being exempt from corporation tax on most
property capital gains, which brings various benefits such as having a
competitive advantage on corporate acquisitions. This benefit can potentially
be shared with the vendor to increase their post-tax proceeds and reduce the
REITs purchase price.

In the UK, REITs own many types of commercial real estate, ranging from office
and apartment buildings to warehouses, hospitals, shopping centres and hotels.
Mill Residential REIT would be the first REIT focused solely on the mainstream,
UK residential property market.