Update on 2019 AGM Result

Update on 2019 AGM Result

Hibernia REIT plc ("Hibernia" or the "Company") is providing an update in accordance with Provision 4 of the UK Corporate Governance Code 2018.

At the Company's 2019 AGM, held on 31 July 2019, the re-election of Daniel Kitchen, Chairman, was passed but was subject to a significant minority vote against of 31.71%. The Company had spoken to shareholders earlier in 2019 and again immediately prior to the AGM and was aware of the overboarding concerns expressed by some shareholders.

In December 2019 Mr. Kitchen announced his intention to step down as Chairman of Workspace Group plc with effect from the conclusion of its 2020 AGM on 9 July 2020. Hibernia is planning to engage with shareholders over the coming weeks on various governance matters and will specifically seek their views on overboarding.

The Company continues to believe that Mr. Kitchen devotes adequate time to the Company and is always available when required.

A further update will be provided in the Company's Annual Report for the year ending 31 March 2020.

ENDS

Contacts:

Hibernia REIT plc +353 1 536 9100

Sean O'Dwyer, Company Secretary

Murray Consultants

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

Jill Farrelly: +353 87 738 6608, [email protected]

About Hibernia REIT plc

Hibernia REIT plc is an Irish Real Estate Investment Trust ("REIT"), listed on Euronext Dublin and the London Stock Exchange. Hibernia owns and develops property and specialises in Dublin city centre offices.