Appointment of AIFM

Press Release

Green Property REIT Ventures Limited authorised as an Alternative Investment Fund Manager

GRN ID GRN LN

Dublin, 23 July 2014 | Green REIT plc ("Green REIT" or the "Company"), the Irish property investment company, confirms that with effect from 22 July, 2014, the Company's investment manager, Green Property REIT Ventures Limited, was authorised by the Central Bank of Ireland as an alternative investment fund manager ("AIFM") in accordance with the European Union (Alternative Investment Fund Managers) Regulations, 2013 (the "AIFM Regulations"), and has been appointed as the AIFM of the Company.

ENDS

About Green REIT plc

Green REIT plc is an Irish Real Estate Investment Trust ("REIT") and is listed on the Irish and London Stock Exchanges. The Company was the first REIT established in Ireland following the introduction of REIT legislation by the Irish Government. The Company's stated strategy is to create a property portfolio consisting primarily of commercial property in Ireland to deliver income and capital growth through opportunistic investments, active property management and prudent use of debt finance. Please visit www.greenreitplc.com

Contacts

Green Property REIT Ventures (Investment Manager to the Company)

Niall O'Buachalla

+353 (0) 1 2418400

FTI Consulting (IR and PR to the Company)

Dublin London

+353 (0) 1 6633686 +44 (0) 20 3727 1000

Mark Kenny Stephanie Highett

Jonathan Neilan Giles Barrie

Melanie Farrell Nina Legge

greenreit@fticonsulting.com greenreit@fticonsulting.com