Highlights CEO Nelson and Director Weil’s complete disregard for shareholders

Calls for the termination of the GNL administration agreement with AR Global, the establishment of a dedicated independent corporate governance evaluation committee and other corporate governance initiatives

announces intent to revise governance practices

NEW YORK, Oct. 25, 2022 (GLOBE NEWSWIRE) — Blackwells Capital LLC (together with its subsidiaries, “Blackwells”) announced today that it has nominated two exceptional candidates for election to the Global Net Lease Inc. Board of Directors. LNG (“Global Net Lease”, “GNL” or the “Company”) at the upcoming 2023 Annual General Meeting (the “2023 Annual Meeting”) and plans to pursue a number of corporate governance initiatives. Blackwells, along with its subsidiaries, is one of the largest holders of GNL common stock and equivalents.

In addition, Blackwells announced its intention to nominate two additional independent directors for the 2024 annual general meeting (the “2024 Annual General Meeting”).

Blackwells’ independent directors will seek, among other things, the termination of the Company’s off-market management agreement (the “Management Agreement”) with AR Global Investments, LLC (“AR Global”) in order to replace it with a much more cost-effective one that is more consistent with the Market practices and no longer enriches a select group of related parties associated with the current outside manager, AR Global.

Blackwells Chief Investment Officer Jason Aintabi said: “If you think of it as a triple net lease REIT – with 99% cash rental income, a weighted average lease term of nearly 9 years and a 3.5- interest coverage ratio on long-term fixed financing Interest rates below current US Treasury yields – have performed as miserably as GNL is pointless. We believe that the board and management have been complicit in corporate piracy for years and bear sole blame. Such behavior should not be allowed in any public marketplace.”

Blackwell’s believes…