Slate Office REIT announces modifications to the Board of Trustees

/NOT FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, April 14, 2015 /CNW/ - The Board of Trustees (the "Board") of Slate Office REIT ("Slate Office" or the "REIT") (TSX: SOT.UN) is pleased to announce the appointment of Al Mawani to the Board of Trustees, effective immediately.

Mr. Mawani has over 35 years of experience in the commercial real estate industry and is currently the President and Chief Executive Officer of Rodenbury Investments Limited, a private commercial real estate owner-operator.  Al has also served as a Trustee of Boardwalk Real Estate Investment Trust (TSX: BEI.UN) for the past 12 years.  Until 2013, Al was the President and Chief Executive Officer of Calloway Real Estate Investment Trust (TSX: CWT.UN).  In addition, he spent 20 years at Oxford Properties Group including over 10 years as Chief Financial Officer between 1989 and 2000. Mr. Mawani is a chartered accountant, has a Master of Business Administration from University of Toronto and a Masters in Law from York University.

In addition to Mr. Mawani's appointment, the board modified the composition of the board committees by appointing the following individuals to chair positions:

Mr. Brady Welch – Chair of the Board
Mr. John O'Bryan – Chair of the Investment Committee
Mr. Al Mawani – Chair of the Audit Committee
Ms. Pam Spackman – Lead Independent Trustee

The Board of Trustees intends to appoint an additional Board member at the 2015 Annual General Meeting of Unitholders to be held on May 25, 2015 at 10:00 a.m. EST at the offices of McCarthy Tétrault LLP, Suite 5300, TD Bank Tower, PO Box 48, 66 Wellington St W, Toronto, ON, M5K 1E6.

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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