Mr. Stephane Amine reports

INOVALIS REAL ESTATE INVESTMENT TRUST ANNOUNCES CLOSING OF THE DISPOSITION OF THE TRIO PROPERTY

Inovalis Real Estate Investment Trust has completed the disposition of its Trio property.

The disposition follows the execution of a preliminary exchange agreement that was signed on Oct. 10, 2025, subsequent to the end of the third quarter. As previously disclosed, the Trio property had been reclassified as an asset held for sale in the REIT's consolidated financial statements as at Sept. 30, 2025.

The proceeds of the disposition were applied to repay the mortgage loan secured by the Trio property, and the related financing arrangements have been fully satisfied and discharged.

At the time of disposition, the Trio property had approximately 40-per-cent occupancy and had been contributing negatively to the REIT's cash flow. The completion of the transaction reduces the overall loan to value ratio of the REIT's portfolio, excluding jointly held properties, by approximately 5 per cent to 61.5-per-cent LTV.

This completed transaction is consistent with the REIT's continuing portfolio management strategy and reflects its disciplined approach to asset management.

About Inovalis Real Estate Investment Trust

Inovalis REIT 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 11 assets. Inovalis REIT acquires (indirectly) real estate properties through CanCorpEurope, authorized alternative investment fund by the CSSF in Luxemburg and managed by Inovalis SA.

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