AEW UK REIT PLC

AGM Information • Oct 17, 2017

NOTICE OF RESOLUTIONS of AEW UK REIT PLC

(the "Company")

Passed 17 October 2017

At the Annual General Meeting of the above named Company, duly convened and held at the offices of AEW UK Investment Management LLP, 33 Jermyn Street, London SW1Y 6DN on 17 October 2017 commencing at 1.00 p.m, the following resolutions were passed, Resolutions 1 and 3 as Ordinary Resolutions and Resolution 2 as a Special Resolution.

Resolution 1 – Ordinary Resolution

THAT the Directors be and are generally and unconditionally authorised pursuant to and in accordance with section 551 of the Act to exercise all the powers of the Company to allot up to 250 million ordinary shares of £0.01 each in the capital of the Company (''Shares'') pursuant to a share issuance programme as more particularly described in the prospectus of the Company dated 28 September 2017 (the ''Share Issuance Programme''), such authority to expire at the close of the Share Issuance Programme (unless previously renewed, varied or revoked by the Company at a general meeting), save that the Company may, at any time prior to the expiry of such authority, make an offer or enter into an agreement which would or might require Shares to be allotted after the expiry of such authority and the Directors may allot Shares in pursuance of such an offer or agreement as if the authority conferred hereby had not expired. The authority passed at the Company's annual general meeting on 12 September 2017 shall continue to have full force and effect.

Resolution 2 – Special Resolution

THAT subject to the passing of Resolution 1 above, the Directors be and they are empowered pursuant to sections 570 to 573 of the Act to allot Shares for cash pursuant to the authority referred to in Resolution 1 above as if section 561 of the Act did not apply to any such allotment provided that this power: (i) shall be limited to the allotment of 250 million Shares; and (ii) expires at the close of the Share Issuance Programme (unless previously renewed, varied or revoked by the Company at a general meeting), save that the Company may, at any time prior to the expiry of such power, make an offer or enter into an agreement which would or might require Shares to be allotted after the expiry of such power, and the Directors may allot Shares in pursuance of such an offer or agreement as if such power had not expired. The authority passed at the Company's annual general meeting on 12 September 2017 shall continue to have full force and effect.

Resolution 3 – Ordinary Resolution

THAT the Company adopt the proposed changes to its investment policy, as set out at Part 2 of the circular to shareholders of the Company dated 28 September 2017 which contains this notice of General Meeting.