Irish Residential Properties REIT : TR-1 Notification

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Irish Residential Properties Reit PLC (SEDOL: BJ34P51)

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

[ ] An acquisition or disposal of voting rights

[X] 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: 1Lansdowne Partners International Limited;

2Lansdowne Partners Limited; 3Lansdowne Partners (UK) LLP

City and country of registered office (if applicable):

15 Davies Street, London W1K 3AG

4. Full name of shareholder(s) (if different from 3.)v: N/A

5. Date on which the threshold was crossed or reachedvi: 18/10/2017

6. Date on which issuer notified: 20/10/2017

7. Threshold(s) that is/are crossed or reached: 5%

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

% of voting rights

% of voting

Total of both in %

Total number of

attached to shares

rights

(9.A + 9.B)

voting rights of

(total of 9.A)

through financial

issuervii

instruments

(total of

9.B.1 +

9.B.2)

Resulting situation

5.40%

5.40%

417,292,006

on the date on

which threshold

was crossed or

reached

Position of previous notification (if applicable)

4.55%

4.55%

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

SUBTOTAL A

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

B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations

Type of

Expiration

Exercise/

Physical or cash

Number of

% of

financial instrument

datex

N/A

Conversion Period xi

settlementxii

voting rights

voting rights

CFD

N/A

Cash

22,520,962

5.40%

SUBTOTAL B.2

22,520,962

5.40%

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] 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

[X] 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:

Lansdowne Partners International Limited is the parent undertaking of Lansdowne Partners Limited which is the

First Corporate Member of Lansdowne Partners (UK) LLP.

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

Lansdowne Partners

International Limited

5.40%

5.40%

Lansdowne Partners

Limited

Lansdowne Partners

(UK) LLP

5.40%

5.40%