Slate Office REIT announces appointment of John O'Bryan to the Board of Trustees

/NOT FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, March 18, 2015 /CNW/ - The Board of Trustees of Slate Office REIT ("Slate Office" or the "REIT") (TSX: SOT.UN) today announced the appointment of John O'Bryan to the Board of Trustees.

Mr. O'Bryan has over 40 years of experience in the commercial real estate industry. Over the course of his career, John has advised on many of the country's largest commercial real estate sales, having completed more than $9 billion in transactions. Until 2014, John was the Chairman of CBRE Limited, Canada. Prior to this, John was a Managing Director in the commercial brokerage arm of TD Securities. In addition, he spent 24 years with Cushman & Wakefield in Canada and the United Kingdom where he was responsible for the firm's appraisal and national investment operations.

John's numerous professional affiliations include board positions with the Urban Land Institute (ULI) and REALpac in addition to being an associate of the Royal Institution of Chartered Surveyors. He is a past president of the National Association of Industrial and Office Properties (NAIOP) and former member of the Appraisal Institute of Canada (AIC).

"The Slate Office team is delighted with the news of John's addition to the Board of Trustees," said Scott Antoniak, Chief Executive Officer of Slate Office. "John's deep knowledge and expertise in the field is rare. He joins the board at a pivotal time as management executes on a transformational strategy centered on growth within the office segment that will drive unitholder value for years to come."

The Board of Trustees also announced today that it expects to increase the size of the Board from five to seven trustees at the 2015 Annual General Meeting of Unitholders.

Ian MacKellar, who has served on the REIT's Board since 2012, has decided to step down from the Board.  The Board of Trustees would like to thank Mr. MacKellar for his contributions to the REIT and wish him well on his future endeavours.

Slate Asset Management LP ("Slate") is the REIT's manager.

About Slate Office REIT
Slate Office REIT is an open-ended real estate investment trust. The REIT's portfolio comprises 35 strategic and well-located real estate assets located primarily across Canada's major population centres. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions. More information is available at www.slateofficereit.com.

About Slate Asset Management
Slate is a leading real estate investment platform with over $2.5 billion in assets under management. Slate is a value-oriented company and a significant sponsor of all its private and publicly-traded investment vehicles, which are tailored to the unique goals and objectives of its investors. The firm's careful and selective investment approach creates long term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital and a proven ability to originate and execute on a wide range of compelling investment opportunities. More information is available at www.slateam.com.

SOURCE Slate Office REIT

For further information: Scott Antoniak, Chief Executive Officer, 416 583 1764; Brian Moncik, Chief Financial Officer, 416 583 1763

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