Mr. Mark Kenney reports

ERES REIT ANNOUNCES TIMING OF SECOND QUARTER 2023 RESULTS & CONFERENCE CALL

European Residential Real Estate Investment Trust will issue its financial results for the three and six months ended June 30, 2023, after markets close on Wednesday, Aug. 2, 2023.

A conference call to discuss the results will be hosted by Mark Kenney, chief executive officer, and Jenny Chou, chief financial officer, on Thursday, Aug. 3, 2023, at 9 a.m. ET.

The telephone numbers for the conference call are the following.

North America toll-free:  888-210-3454

International toll:  1-646-960-0130

International access numbers are available.

Conference ID:  3682517

The call will also be webcast live and accessible through the European Residential website. Click on investor info and follow the link at the top of the page. A replay of the webcast will be available for one year after the webcast at the same link.

The slide presentation to accompany management's comments during the conference call will be available on the European Residential website an 1-1/2 hours prior to the conference call.

About European Residential Real Estate Investment Trust

European Residential is an unincorporated, open-ended real estate investment trust. European Residential's units are listed on the Toronto Stock Exchange under the symbol ERE.UN. European Residential is Canada's only European-focused multiresidential REIT, with a current initial focus on investing in high-quality, multiresidential real estate properties in the Netherlands. As at March 31, 2023, European Residential owns a portfolio of 158 multiresidential properties, composed of approximately 6,900 suites and ancillary retail space located in the Netherlands, and owns one office property in Germany and one office property in Belgium.