Slate Office REIT Announces Distribution for the Month of April 2019

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”) announced today that the
Board of Trustees has declared a distribution for the month of April
2019 of C$0.0333 per trust unit of the REIT, representing $0.40 per unit
of the REIT on an annualized basis.

The distribution will be payable on May 15, 2019 to unitholders of
record as of the close of business on April 30, 2019.

Distribution Reinvestment Plan

Eligible unitholders (which includes holders of Class B limited
partnership units that are exchangeable into trust units of the REIT)
that elect to participate in the Distribution Reinvestment Plan (the
“DRIP”) will have their cash distributions used to purchase trust units
of the REIT. Unitholders wishing to participate should contact their
investment advisors to enroll in the DRIP. Additional details and
information can be found by visiting slateofficereit.com.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is an open-ended real estate investment trust. The
REIT’s portfolio comprises 41 strategic and well-located real estate
assets located primarily across Canada’s major population centres
including two downtown assets in Chicago, Illinois. 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 $6 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.

Contacts

Investor Relations
+1 416 644 4264
ir@slateam.com