European Residential Real Estate Investment Trust Announces Results of 2020 Annual and Special Meeting

TORONTO, June 10, 2020 /CNW/ - European Residential Real Estate Investment Trust (TSXV: ERE.UN) ("ERES" or the "REIT") announced today that, at its Annual and Special Meeting of Unitholders held today, each of the items of business referred to in its management information circular dated April 28, 2020 were passed by a vote held by ballot.

The voting results for each item of business are as follows:

Election of Trustees:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Jan Arie Breure	181,024,612	99.96%	63,600	0.04%
Harold Burke	181,022,509	99.96%	65,703	0.04%
Phillip Burns	181,020,077	99.96%	68,135	0.04%
Gina Cody	181,025,612	99.97%	62,600	0.03%
Ira Gluskin	181,021,577	99.96%	66,635	0.04%
Michael Stein	181,024,009	99.96%	64,203	0.04%

Appointment of Auditors

	Votes For	% Votes For	Votes Withheld	% Votes Withheld
PricewaterhouseCoopers, LLP, Chartered Accountants	181,693,114	99.97%	46,404	0.03%

Re-Adoption of Unit Option Plan

	Votes  For	% Votes For	Votes  Against	% Votes  Against
Re-Adoption of Amended and Restated Unit Option Plan	179,780,235	99.28%	1,307,977	0.72%

ABOUT ERES

ERES is an unincorporated, open-ended real estate investment trust. ERES's trust units are listed on the TSX Venture Exchange under the symbol ERE.UN. ERES is Canada's only European-focused multi-residential REIT, with a current initial focus on investing in high-quality multi-residential real estate properties in the Netherlands. ERES owns a portfolio of 131 multi-residential properties, comprised of 5,632 suites and ancillary retail space located in the Netherlands, and owns one office property in Germany and one office property in Belgium.

ERES's registered and principal business office is located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1.

For more information, please visit our website at www.eresreit.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE European Residential Real Estate Investment Trust

ERES, Mr. Phillip Burns, Chief Executive Officer, [phone], [email protected]; ERES, Mr. Scott Cryer, Chief Financial Officer, [phone], [email protected]