Hibernia REIT PLC Preliminary Results – May 2016

For the financial year to 31 March 2016

24 May 2016

Hibernia REIT plc ("Hibernia", the "Company" or the "Group") today announces its preliminary results for the financial year to 31 March 2016. Highlights for the financial year:

Excellent financial performance

• EPRA NAV per share of 130.8 cent, up 17% since 31 March 2015
• EPRA profit of €10.0m (March 2015: €3.9m), helped by €4.9m surrender premium (March 2015: €2.4m)
• Profit before tax up 47% to €136.3m (March 2015: €92.9m) including revaluation surplus and gains on disposals of non-core assets
• Portfolio value of €927.7m (March 2015: €641.3m)
• Proposed final dividend of 0.8 cent per share bringing total for year to 1.5 cent (2015: 0.8 cent)