Mr. Brian Pauls reports

DREAM INDUSTRIAL REIT ANNOUNCES VOTING RESULTS OF ANNUAL MEETING OF UNITHOLDERS

At the annual meeting of unitholders held today, all of the nominees for election as trustees of Dream Industrial Real Estate Investment Trust referred to in its management information circular for the meeting were elected. Votes cast on this matter are set out herein.

                      VOTING RESULTS FOR ELECTION OF DIRECTORS

Nominee                 Votes for   % votes for   Votes withheld   % votes withheld

Dr. R. Sacha Bhatia   159,347,034         96.93        5,049,820               3.07             
Michael Cooper        138,076,421         83.99       26,320,433              16.01            
J. Michael Knowlton   154,815,590         94.17        9,581,264               5.83             
Ben Mulroney          142,646,382         86.77       21,750,472              13.23            
Brian Pauls           153,302,591         93.25       11,094,263               6.75             
Vicky Schiff          154,774,282         94.15        9,622,572               5.85             
Jennifer Scoffield    159,872,641         97.25        4,524,213               2.75             
Vincenza Sera         154,391,994         93.91       10,004,860               6.09             

At the meeting, PricewaterhouseCoopers LLP was appointed auditor of the REIT and the REIT's subsidiaries for the ensuing year, and the trustees were authorized to fix the remuneration of the auditor.

About Dream Industrial Real Estate Investment Trust

Dream Industrial is an unincorporated, open-ended real estate investment trust. As at March 31, 2023, Dream Industrial owns, manages and operates a portfolio of 321 assets totalling approximately 70.4 million square feet of gross leasable area in key markets across Canada, Europe and the United States. Dream Industrial's goal is to deliver strong total returns to its unitholders through secure cash flows underpinned by its high-quality portfolio and an investment-grade balance sheet, as well as driving growth in its net asset value and cash flow per unit.