Irish Residential Properties REIT : Holdings in Company

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Irish Residential Properties Reit Plc

2. Reason for the notification (please tick the appropriate box or boxes):

[X] An acquisition or disposal of voting rights

[ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify)iii:

3. Details of person subject to the notification obligationiv :

Name:

Franklin Templeton Institutional, LLC

City and country of registered office (if applicable): Wilmington, U.S.A.

4. Full name of shareholder(s) (if different from 3.)v: AIB Bank, Dublin

JPMorgan Chase Bank, N.A., London

5. Date on which the threshold was crossed or reachedvi:

07 July 2017

6. Date on which issuer notified:

10 July 2017

7. Threshold(s) that is/are crossed or reached:

Below 12%

8. Total positions of person(s) subject to the notification obligation:

% of voting

% of voting rights

Total of both

Total number of

rights

through financial

attached to

instruments

in % (9.A +

voting rights of

shares (total

(total of 9.B.1 +

9.B)

issuervii

of 9.A)

9.B.2)

Resulting situation on the date on which threshold was crossed or reached

11.95%

0%

11.95%

417,292,006

Position of previous notification (if applicable)

12.69%

0%

12.69%

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type of shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

Indirect

Direct

Indirect

IE00BJ34P519

49,879,252

11.95%

SUBTOTAL A

49,879,252

11.95%

B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations

Type of financial instrument

Expiration datex

Exercise/ Conversion Periodxi

Number of voting rights that may be acquired if the instrument is exercised/converted.

% of voting rights

SUBTOTAL B.1

Type of financial instrument

Expiration datex

Exercise/ Conversion Period xi

Physical or cash settlementxii

Number of voting rights

% of voting rights

SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation

(please tick the applicable box):

[X] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[ ] Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold