Irish Residential Properties REIT

Director's Dealing • Nov 2, 2018

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2 November 2018

CAPREIT Increases Shareholding following Exercise of Executive Options

Irish Residential Properties REIT plc (the “Company”) announces that, further to the Company’s announcement dated 15 May 2018, the remaining 716,667 options granted to David Ehrlich under the Company’s 2014 Long Term Incentive Plan and held in escrow pursuant to the terms of his prior employment agreement with the Company were released from escrow as scheduled on 1 November 2018. Today, David Ehrlich exercised all 716,677 options, following which CAPREIT, through its qualifying investor alternative investment fund Irish Residential Properties Fund (the “QIAIF”), completed its acquisition of the shares issued upon exercise of such options in accordance with the agreement between Mr. Ehrlich and the QIAIF previously described and announced on 15 May 2018.

For further information please contact:

For Investor Relations:

Irish Residential Properties REIT plc

Margaret Sweeney, CEO

• 353 (0) 1 557 0974

For Media Requests:

Q4PR

Gerry O’Sullivan

• 353 87 2597644

About Irish Residential Properties REIT plc

Irish Residential Properties REIT plc is an Irish Real Estate Investment Trust (“REIT”) listed on Euronext Dublin. The Company is the first REIT established in Ireland primarily focused on residential rental accommodations. The Company will continue to seek to acquire, hold, manage and develop investments primarily focused on residential rental accommodations in Ireland. The Company currently owns 2,664 residential units. Further information in respect of the Company can be obtained from the Company’s website at www.iresreit.ie.

Note on forward-looking information

This note applies if and to the extent that there are forward-looking statements in this Announcement.

This Announcement may contain forward-looking statements, which are subject to risks and uncertainties because they relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company or the industry in which it operates, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements referred to in this paragraph speak only as at the date of this Announcement. The Company will not undertake any obligation to release publicly any revision or updates to these forward-looking statements to reflect future events, circumstances, unanticipated events, new information or otherwise except as required by law or by any appropriate regulatory authority.

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.