Ravelin Properties REIT Announces Strong Support for Plan of Arrangement with Clarke Inc. and Amendment to Plan of Arrangement

Toronto, Ontario--(Newsfile Corp. - May 13, 2026) - Ravelin Properties REIT (TSX: RPR.UN) (the "REIT") is pleased to announce strong support for its previously announced plan of arrangement (the "Arrangement") with Clarke Inc. The REIT also announces that it has agreed to certain amendments to the Arrangement pursuant to which certain defaults and third-party consents will be deemed to be waived upon the Arrangement becoming effective. REIT Debentureholder and REIT Unitholder Support An aggregate 85.3% of holders (the "REIT Debentureholders") of the REIT's outstanding 9.00% convertible unsecured subordinated debentures, 5.50% convertible unsecured subordinated debentures and 7.50% convertible unsecured subordinated debentures (collectively, the "REIT Debentures") have voted in favour of a special resolution of REIT Debentureholders approving the Arrangement (the "Debentureholder Arrangement Resolution").