Hibernia enters EUR100 million Credit Facility

Hibernia enters €100 million Revolving Credit Facility

Hibernia REIT plc (Hibernia) announces that it has entered into a €100 million three year revolving credit facility with Bank of Ireland Corporate Banking, secured against a corporate level debenture.

Hibernia now has debt facilities totalling €134 million related to its portfolio and cash and undrawn committed facilities of more than €140 million.

Tom Edwards-Moss, Chief Financial Officer of WK Nowlan REIT Management Limited, the Investment Manager, commented:

"We are very pleased to have entered our first corporate debt facility, which provides us with flexible funding at attractive rates with which to invest in and grow our portfolio. We remain committed to a conservative debt strategy, with our loan to value not exceeding 40% at incurrence, well within the limits of the Irish REIT Regime." Paul McDonnell, Head of Property Finance at Bank of Ireland Corporate Banking, commented:

"We are delighted to provide Hibernia REIT with their first corporate debt facility. As Ireland's number one Corporate Bank, Bank of Ireland is committed to supporting the Irish Property Market in this period of growth and to playing an important part in the full recovery of the sector. We look forward to developing our relationship and growing our partnership with Hibernia in the years to come."

ENDS

Contacts:

WK Nowlan REIT Management Limited + 353 1 9058350

Tom Edwards-Moss

Murray Consultants

Doug Keatinge; +353-1-4980379 / +353-86-0374163; [email protected]

About Hibernia REIT plc

Hibernia REIT plc is an Irish Real Estate Investment Trust ("REIT") and is listed on the Irish and London Stock Exchanges. The principal activity of the Company is to acquire and hold investments in Irish property (primarily commercial property) with a view to maximising shareholder returns.