Publication of Circular

Publication of Circular re proposed internalisation

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 27 October 2015 for the purposes of considering the proposed internalisation of WK Nowlan REIT Management Limited (the "Transaction").

The proposed Transaction is to be effected by way of the acquisition by the Company of the entire issued share capital of Nowlan Property Limited and the shares in the capital of WK Nowlan REIT Management Limited not held by Nowlan Property Limited and for the purposes of the Irish Listing Rules and the UK Listing Rules is classified as a Related Party Transaction and a Class 2 Transaction.

In connection with the proposed Transaction, the Company has entered a conditional share purchase agreement. Completion of the Transaction, which was announced by the Company on 8 May 2015, is conditional, inter alia, upon the approval of the Transaction Resolution as set out in the Circular.

Capitalised terms used in this announcement and not otherwise defined shall have the meaning given to them in the Circular.

ENDS

Contacts:

Hibernia REIT plc + 353 1 536 9100

Danny Kitchen

WK Nowlan REIT Management Limited + 353 1 536 9100

Tom Edwards-Moss

Murray Consultants

Doug Keatinge: +353 86 037 4163, [email protected]

Orlagh Ryan: +353 87 616 0279, [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.

FURTHER INFORMATION

Note regarding Times and Dates

The times and dates set out above and mentioned in the Circular, the Form of Proxy, and in any other document issued in connection with the transaction are subject to change by the Company, in which event details of the new times and dates will be notified to the Irish Stock Exchange, the UK Listing Authority, the London Stock Exchange and, where necessary and appropriate, to Shareholders.

Documentation

A copy of the circular has been forwarded to the Irish Stock Exchange and will shortly be available for inspection at the following address:

Company Announcements Office

Irish Stock Exchange

28 Anglesea Street

Dublin 2

Ireland

Copies of the Circular will also be available shortly in electronic form on the Company's website (www.hiberniareit.com) and for inspection in physical form between the hours of 9:30 a.m. and 5:30 p.m. on any business day from the date of this Circular until the Extraordinary General Meeting, at the offices of the Company at South Dock House, Hanover Quay, Dublin 2, Ireland and on the document viewing facility on the UK National Storage Mechanism (http://www.morningstar.co.uk/uk/NSM).