Al Mawani Resigns from Slate Office REIT Board of Trustees

TORONTO, Ontario, Dec. 14, 2017 (GLOBE NEWSWIRE) -- Slate Office REIT (TSX:SOT.UN) (the "REIT"), a leading owner of office properties in Canada, announced today that Al Mawani has resigned from the REIT's board of trustees (the "Board"). Mr. Mawani is resigning from the Board in order to focus on his other recent board appointments and non-profit sector engagements. 

"We are extremely grateful for Al's contribution to the REIT and for his leadership since he first became a trustee in 2015," said John O'Byran, Chair of the Board. "It is with regret that the Board accepts Al's resignation. We wish him success in his future endeavours."

The REIT's Compensation, Governance and Nominating Committee has commenced the process of seeking a replacement trustee. In the meantime, the remaining six trustees will continue to carry out the duties of the Board.

About Slate Office REIT (TSX:SOT.UN)
Slate Office REIT is an open-ended real estate investment trust. The REIT's portfolio currently comprises 38 strategic and well-located real estate assets located primarily across Canada's major population centres. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions. Visit slateofficereit.com to learn more.

About Slate Asset Management L.P.
Slate Asset Management L.P. is a leading real estate investment platform with over $4 billion in assets under management. Slate is a value-oriented manager and a significant sponsor of all of its private and publicly-traded investment vehicles, which are tailored to the unique goals and objectives of its investors. The firm's careful and selective investment approach creates long-term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital and a proven ability to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

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