Irish Residential Properties REIT : Appointment of New Director

Company name Headline

Irish Res Prop REIT

Appointment of New Director

RNS Number : 6404K

Irish Residential Prop REIT PLC 12 April 2018

12 April 2018

Appointment of New Director

Irish Residen�al Proper�es REIT plc ("I•RES" or the "Company") announces the appointment of Tom Kavanagh to the board of the Company as an independent non-execu�ve director with effect from 1 June 2018 (subject to shareholder approval at the Company's annual general mee�ng on 29 May 2018).

Tom Kavanagh is currently a partner at Deloi�e Ireland. Mr. Kavanagh is due to re�re as a partner at Deloi�e Ireland with effect from 31 May 2018, but will con�nue to provide consul�ng services un�l 31 December 2018. Mr. Kavanagh has wide ranging experience in professional prac�ce as a business adviser, in corporate restructuring, forensic accoun�ng and as an insolvency prac��oner. This has included, over the last 10 years, advising on the restructuring of distressed Irish property assets. Mr. Kavanagh has served as a director on the boards of a number of private companies and was a member of the board of the Credit Union Restructuring Board, REBO, from 2012 to 2014.

Mr. Kavanagh holds a Bachelors of Commerce from University College Dublin. He has been a member of Chartered Accountants Ireland (FCA) since 1982 and is a licensed Insolvency Prac��oner.

Mr. Kavanagh does not have any interest in any shares or share op�ons in I•RES.

Mr. Kavanagh has not held any directorships in other publicly quoted companies at any �me in the previous five (5) years.

This appointment has been made following a formal selec�on process conducted by the Nomina�on Commi�ee. Upon his appointment as a director of I•RES becoming effec�ve on 1 June 2018, Mr. Kavanagh will also join each of the Audit Commi�ee and the Remunera�on Commi�ee as an addi�onal member. On that basis, with effect from 1 June 2018, (i) the Audit Commi�ee willconsist of the following members: Joan Garahy, Aidan O'Hogan and Tom Kavanagh (Ms. Garahy will con�nue to serve as Chair of the Audit Commi�ee); (ii) the Remunera�on Commi�ee will consist of the following members: Aidan O'Hogan, Declan Moylan, Joan Garahy and Tom Kavanagh (Mr. O'Hogan will con�nue to serve as Chair of the Remunera�on Commi�ee); and (iii) the Nomina�on Commi�ee will con�nue to consist of the following members: Declan Moylan, Phillip Burns, Aidan O'Hogan and Joan Garahy (Mr. Moylan will con�nue to serve as Chair of the Nomina�on Commi�ee).

I•RES confirms that there are no other ma�ers requiring disclosure in rela�on to Rule 6.6.7 (1) to (6) of the Main Securi�es Market Lis�ng Rules of Euronext Dublin (the new trading name of The Irish Stock Exchange plc).

Declan Moylan, I•RES' Chairman, commented:

"We are extremely pleased to welcome Tom Kavanagh to the Board of I•RES. We believe that Tom brings wide ranging business experience and knowledge of the property sector in Ireland and coupled with a significant finance background, will be a valuable addi�on to our Board."

For further informa�on please contact: For Investor Rela�ons:

Irish Residen�al Proper�es REIT plc Margaret Sweeney, CEO +353 (0) 1 5570974

For Media Requests: Q4PR

Gerry O'Sullivan + 353 87 2597644

About Irish Residen�al Proper�es REIT plc

Irish Residen�al Proper�es 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 residen�al rental accommoda�ons. The Company will con�nue to seek to acquire, hold, manage and develop investments primarily focused on residen�al rental accommoda�ons in Ireland. I•RES currently owns 2451 residen�al units. Further informa�on in respect of I•RES can be obtained from I•RES' website atwww.iresreit.ie.

Note on forward-looking informa�on

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 uncertain�es because they relate to expecta�ons, beliefs, projec�ons, future plans and strategies, an�cipated events or trends, and similar expressions concerning ma�ers that are not historical facts. Such forward-looking statements involve known and unknown risks, uncertain�es 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 obliga�on to release publicly any revision or updates to these forward-looking statements to reflect future events, circumstances, unan�cipated events, new informa�on 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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