NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i

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

Hibernia 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: TIAA-CREF Investment Management, LLC behalf of the accounts listed in Exhibit B.

City and country of registered office (if applicable): 

TIAA-CREF Investment Management, LLC – New York, USA

4. Full name of shareholder(s) (if different from 3.)v: Same as 3

5. Date on which the threshold was crossed or reachedvi:  17 May 2022

6. Date on which issuer notified:  18 May 2021

7. Threshold(s) that is/are crossed or reached:  4%

8. Total positions of person(s) subject to the notification obligation: 26,247,288

% of voting rights attached to shares (total of 9.A)

% of voting rights through financial instruments
(total of 9.B.1 + 9.B.2)

Total of both in % (9.A + 9.B)

Total number of voting rights of issuervii

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

3.966%

0%

3.966%

26,247,288

Position of previous notification (if applicable)

4.040% (26,734,284)

0%

4.040%

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 entity

The College Retirement Equities Fund (“CREF”) hereby informs you that on May 17, 2022 CREF sold 486,996 shares of Hibernia REIT Plc brining its ownership to 26,247,288 voting shares equivalent to a 3.966% voting share ownership percentage. 

For your information, CREF is a U.S. based investment company, which is registered with the Securities and Exchange Commission (“SEC”).  CREF has multiple investment accounts, each with separate investment objectives and policies.  All assets in the accounts are beneficially owned by CREF, and all the accounts are managed by TIAA-CREF Investment Management, LLC (“TCIM”), an SEC registered investment adviser.

A total of 26,247,288 voting shares or 3.966% of the outstanding voting shares of Hibernia REIT Plc are owned, in aggregate, by CREF and these affiliated accounts.

Please see Exhibit A

Advisors 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

TIAA-CREF Investment Management LLC

3.966%

0.00%

3.966%

11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]   TIAA-CREF Investment Management, LLC will separately and independently vote all proxies for shares held in Hibernia REIT Plc.

12. Additional informationxvi: N/A