The information contained within this announcement is considered by Hibernia REIT PLC to constitute inside information.  Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.

Harcourt Square news 

Hibernia REIT plc ("Hibernia") announces that it has agreed non-binding heads of terms with KPMG Ireland for a pre-let of the majority of its 337,000 sq. ft. office development at Harcourt Square for the long term at an initial net effective rent slightly below €50 per sq. ft. per annum.  There is no certainty that an agreement for lease will be concluded between the parties.

Further announcements will be made as appropriate.

ENDS

Contacts:

Hibernia REIT plc +353 1 536 9100

Kevin Nowlan, Chief Executive Officer

Tom Edwards-Moss, Chief Financial Officer

Murray Consultants

Doug Keatinge: +353 86 037 4163, dkeatinge@murraygroup.ie

Andrew Smith: +353 83 076 5717, asmith@murraygroup.ie

About Hibernia REIT plc  
Hibernia REIT plc is an Irish Real Estate Investment Trust ("REIT"), listed on Euronext Dublin and the London Stock Exchange.  Hibernia owns and develops property and specialises in Dublin city centre offices.