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 plc

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: BNP PARIBAS ASSET MANAGEMENT France S.A.S.

City and country of registered office (if applicable):

Paris, France

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

5. Date on which the threshold was crossed or reachedvi: 20/02/2020

6. Date on which issuer notified: 24/02/2020

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

2.66%

0.00%

2.66%

684,656,740

Position of previous notification (if applicable)

3.00%

0.00%

3.00%

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

IE00BGHQ1986

18,212,182

8,780,491

2.66 %

1.28%

SUBTOTAL A

26,992,673

3.94%

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

BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT France S.A.S.

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:

0.34% of BNP PARIBAS ASSET MANAGEMENT Luxembourg S.A. is owned by BNP PARIBAS ASSET MANAGEMENT Participations S.A.S. (which is wholly owned by BNP PARIBAS ASSET MANAGEMENT Holding S.A.) and 99.66% is owned by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

The detailed percentage of the total voting rights under BNP PARIBAS ASSET MANAGEMENT France S.A.S. are 2.66%:

BNP PARIBAS ASSET MANAGEMENT France S.A.S. 0.84%

BNP PARIBAS ASSET MANAGEMENT Luxembourg S.A. 0.99%

BNP PARIBAS REAL ESTATE INVESTMENT MANAGEMENT France S.A. 0.82%

BNP PARIBAS ASSET MANAGEMENT France S.A.S. is exercising 0.84% for own portfolios without legal personality, 0.99% for BNP PARIBAS ASSET MANAGEMENT Luxembourg S.A. portfolios with legal personality, and 0.82% for BNP PARIBAS REAL ESTATE INVESTMENT MANAGEMENT France portfolios with legal personality which is not a controlled entity of BNP PARIBAS ASSET MANAGEMENT Holding S.A.