Irish Residential Properties REIT

Board/Management Information • Feb 28, 2017

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28 February 2017

NOTICE OF RETIREMENT OF CHAIRMAN

Irish Residential Properties REIT plc (“I•RES” or the “Company”) announces that Colm Ó Nualláin, Chairman of the board of directors of the Company, has advised the Company that he will retire as a director of the Company following the expiry of his initial three-year term on 31 March 2017.  Mr. Ó Nualláin has indicated that he wishes to pursue business and other opportunities.

David Ehrlich, Chief Executive Officer of I•RES, commented:

"Colm has made an exceptional contribution to I•RES since the company’s initial offering in 2014.  He has been an active and very effective chairman.  We wish him all the best in all his future pursuits. The Nomination Committee of the board of directors will commence the process of identifying a successor to Colm to take effect following his retirement and the company will announce such successor in due course. "

Colm Ó Nualláin, I•RES’ Chairman, commented:

“I am proud to have served as the initial chairman of I•RES and to have had the opportunity to see the company grow into the largest non-governmental residential landlord in Ireland with a portfolio of 2,378 apartments. I wish I•RES continued growth and success in the future.”

This announcement is being made in compliance with LR 6.6.5 of the Irish Listing Rules.

For further information please contact:

Irish Residential Properties REIT plc

David Ehrlich, CEO

+1 (416) 861-2467

Gerry O’Sullivan, Q4PR

• 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 2,378 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.