Irish Residential Properties REIT : Change of Auditors

Company name Irish Res Prop REIT

Headline Change Of Auditors

RNS Number : 2162W

Irish Residential Prop REIT PLC 13 November 2017

13 November 2017

Irish Residential Properties REIT plc ("I•RES" or the "Company") and its wholly-owned subsidiary, IRES Residential Properties Limited, together referred to as the "Group", announces its intention to appoint KPMG as their Group external auditor with effect for the financial year ending 31 December 2018.

The appointment is a result of the audit tender process announced in the Company's interim results on 9 August 2017, which was undertaken in connection with the new EU audit reform measures which introduce prohibitions on the provision of certain non-audit services by a statutory auditor.

The appointment follows a competitive tender process overseen by the Audit Committee. The Board would like to thank each of the firms who took part in the audit tender process, and look forward to working with KPMG in their role as external auditors.

PricewaterhouseCoopers, the Group's current external auditor, will remain in its role until the end of the audit for the financial year ending 31 December 2017.

The Board will formally recommend the new appointment to shareholders at the 2018 Annual General Meeting.

Irish Residential Properties REIT plc Margaret Sweeney, CEO

+353 (0) 1 563 4008

For Media Requests: Q4PR

Gerry O'Sullivan

+ 353 87 2597644

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 2,450 apartments. Further information in respect of I•RES can be obtained from I•RES' website at www.iresreit.ie.

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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