Company Announcements

9 August 2019

Dividend Declaration

Irish Residential Properties REIT plc (the "Company") announces that further to the publication of its interim results for the period from 1 January 2019 to 30 June 2019, the board of the Company is pleased to announce that it has declared a dividend of 2.7 cent per share for the period ended 30 June 2019. The 2.7 cent per share will be wholly a Property Income Distribution ("PID") as defined by the Irish REIT legislation and will be paid on 13 September 2019 to shareholders on record on 23 August 2019.

For further information please contact:

For Investor Relations:

Irish Residential Properties REIT plc

Margaret Sweeney, CEO

+ 353 (0) 1 557 0974

For Media Requests:

Q4PR

Gerry O'Sullivan

+ 353 87 2597644

About Irish Residential Properties REIT plc

Irish Residential Properties REIT plc, is a leading Irish Real Estate Investment Trust ("REIT") listed on Euronext Dublin. The Company is the first REIT established in Ireland primarily focused on residential rental accommodations. The Company will continue to seek to acquire, hold, manage and develop investments primarily focused on residential rental accommodations in Ireland.  The Company currently owns 3,587 residential units with an additional 298 units due for delivery between now and 2021 under pre-purchase contracts.  Further information in respect of the Company can be obtained from the Company's website at www.iresreit.ie.

Note on forward-looking information

This note applies if and to the extent that there are forward-looking statements in this Announcement.

This Announcement may contain forward-looking statements, which are subject to risks and uncertainties because they relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts.   Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company or the industry in which it operates, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  The forward-looking statements referred to in this paragraph speak only as at the date of this Announcement.  The Company will not undertake any obligation to release publicly any revision or updates to these forward-looking statements to reflect future events, circumstances, unanticipated events, new information or otherwise except as required by law or by any appropriate regulatory authority.

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.