Holding(s) in Company

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Hibernia Reit Public Limited Company

2. Reason for the notification (please tick the appropriate box or boxes):

[x] An acquisition or disposal of voting rights

[ ] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[ ] Other (please specify)iii:

3. Details of person subject to the notification obligationiv :

Name:

Timbercreek Asset Management Inc.

City and country of registered office (if applicable):

Toronto, Canada

4. Full name of shareholder(s) (if different from 3.)v:

5. Date on which the threshold was crossed or reachedvi:

June 1, 2020

6. Date on which issuer notified:

June 1, 2020

7. Threshold(s) that is/are crossed or reached:

3%

8. Total positions of person(s) subject to the notification obligation:

% of voting rights attached to shares (total of 9.A)

% of voting rights through financial instruments(total of 9.B.1 + 9.B.2)

Total of both in % (9.A + 9.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

3.05%

3.05%

684,782,078

Position of previous notification (if applicable)

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

Indirect

Direct

Indirect

IE00BJ34P519

20,860,850

3.05%

SUBTOTAL A

20,860,850

3.05%

B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is exercised/converted.

% of voting rights

SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations

Type of financial instrument

Expirationdatex

Exercise/Conversion Period xi

Physical or cash settlementxii

Number of voting rights

% of voting rights

SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[X ] Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Timbercreek Asset Management Inc.

Timbercreek Investment Management Inc.

3.05%

3.05%

BAYVK - REITS 1 Fonds FCP - FIS

HI-KZVK-I1-Fonds

Counsel Global Real Estate Fund

SIREN Fund - Global Real Estate Value Fund

Timbercreek Asset Management Inc.

Timbercreek Investment Management (U.S.) LLC

The Commonwealth Fund

Agility Real Assets LLC

Timbercreek Global Real Estate Core Fund, L.P.

11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

12. Additional informationxvi:

Timbercreek Investment Management Inc. is currently registered with the Ontario Securities Commission as a portfolio manager, investment fund manager, and exempt market dealer and as an Investment Advisor with the U.S. Securities and Exchange Commission. Timbercreek Investment Management (U.S.) LLC is currently registered as an Investment Advisor with the U.S. Securities and Exchange Commission. Both firms provide discretionary portfolio management services to the respective entities listed in section 10 and are wholly owned subsidiaries of Timbercreek Asset Management Inc.