The Board is committed to the highest standards of corporate governance and recognises its responsibility to serve the interests of shareholders by creating sustainable growth and shareholder value over the medium to long-term, whilst also reducing or mitigating risk.

As an AIM quoted company, Urban Logistics REIT plc is required to declare which recognised corporate governance code it has adopted and state how that code has been applied. The Board has decided to adopt the Quoted Companies Alliance Corporate Governance Code (the “QCA Code”) as it considers it to be suitable for the current size and stage of development of the Company. The QCA Code has been considered and applied where appropriate.