Publication of Circular

Hibernia REIT plc (“Hibernia” or the “Company”) announces that it has issued a Circular to Shareholders (the “Circular”) containing a notice of an Extraordinary General Meeting to be held at The Marker Hotel, Grand Canal Square, Docklands, Dublin 2, Ireland at 2.30 p.m. on 26 October 2016 in order to consider a proposed amendment to the Relative Performance Fee calculation methodology (the “Amendment”) and consequently the Deferred Consideration element of the Internalisation transaction previously approved by Shareholders on 27 October 2015.

The purpose of the proposed Amendment is to ensure that the Relative Performance Fee works as intended to align the interests of Shareholders and the Management Team until the expiry of all existing Performance Fee arrangements in November 2018.  Under the Irish Listing Rules and the UK Listing Rules the proposed Amendment is classified as a Related Party Transaction.