Mr. David Giraud reports

INOVALIS REAL ESTATE INVESTMENT TRUST ANNOUNCES DISTRIBUTIONS FOR JUNE, JULY AND AUGUST 2023

Inovalis Real Estate Investment Trust's board of trustees has declared the REIT's monthly cash distribution for the months of June, July and August, 2023, as per the schedule shown in the attached table.

About Inovalis Real Estate Investment Trust

Inovalis is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 13 assets. Inovalis acquires (indirectly) real estate properties through CanCorpEurope, an authorized alternative investment fund (AIF) by the CSSF in Luxemburg and managed by Inovalis SA.