An anonymous trustee reports

SLATE OFFICE REIT ANNOUNCES VOTING RESULTS FROM SPECIAL MEETING OF UNITHOLDERS

At Slate Office REIT's special meeting of unitholders held on Jan. 15, 2024, a special resolution authorizing and approving an amendment to Slate Office's declaration of trust for the purposes of removing the restriction imposed on the real estate investment trust not to incur or assume additional indebtedness that would cause the REIT (real estate investment trust) to achieve financial leverage in excess of 65 per cent of its gross book value, as such amendment may be varied by the trustees of the REIT in their discretion, was passed.

The trustees of the REIT have decided to exercise their discretion to implement the proposed amendment to the declaration of trust in the form of a waiver of the restriction until Dec. 31, 2025, rather than implement the proposed amendment as a blanket removal of the restriction. In addition to the foregoing and as previously disclosed, the board of trustees intends to adopt the restriction within the board's operating guidelines, with the board having discretion to waive the restriction to the extent that the board determines that doing so is in the best interests of the REIT.

Voting results for the amendment resolution are as shown in the attached table.

Final results on all matters voted upon at the meeting have been or will be filed with the Canadian securities regulatory authorities and will be available on the REIT's SEDAR+ profile.

About Slate Office REIT

Slate Office is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT's portfolio comprises government or high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy.

We seek Safe Harbor.