Irish Residential Properties REIT

Legal Proceedings Report • Aug 30, 2017

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30 August 2017

I●RES Announces Decision on Rockbrook Appeal Delayed

Irish Residential Properties REIT plc (“I•RES” or the “Company”) announces today that it has received notice from the An Bord Pleanála (the “Board”) (the Irish Planning Appeal Board) that it will not be possible to determine the Company’s appeal against the decision of Dun Laoghaire-Rathdown County to refuse planning permission for its planned development of 456 apartments at Rockbrook within the statutory objective period of 18 weeks due to capacity constraints at the Board level. The Board now intends to determine the appeal before 3rd October 2017.

For further information please contact:

For Investor Relations:

Irish Residential Properties REIT plc

David Ehrlich, CEO

+1 (416) 861-2467

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 the Irish Stock Exchange. 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. I•RES currently owns 2,449 apartments. Further information in respect of I•RES can be obtained from I•RES’ 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

the Irish Stock Exchange.