European Residential Real Estate Investment Trust announces

TORONTO, June 02, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN) (“ERES”) announced today that, at its annual and special meeting of unitholders held today, each of the items referred to in its management information circular dated April 13, 2022 (the “Circular”) were adopted by a vote held by ballot.

A total of 197,941,194 shares representing 85.47% of the issued and outstanding shares of ERES (on a non-diluted basis, but including the shares issuable in exchange for the issued class B limited partnership shares and in circulation of ERES Limited Partnership) were voted on during the meeting. Voting results for each activity point are as follows:

Election of directors:

Candidate Voting
For
% of vote
For
Voting
Withheld
% of vote
Withheld
Jan Arie Breure 197 440 335 99.79% 418,639 0.21%
Harold Burk 197 278 443 99.71% 580 531 0.29%
Philip Burns 189 002 818 95.52% 8,856,156 4.48%
Gina Parvaneh Cody 197 274 634 99.71% 584,340 0.29%
Ira Gluskin 196 909 711 99.52% 949 263 0.48%
Michael Stein 181 261 551 91.61% 16,597,423 8.39%

All of the nominees proposed in the Circular were elected directors.

Renewal of statutory auditors

Voting
For
% of vote
For
Voting
Withheld
% of vote
Withheld
PricewaterhouseCoopers, LLP, Chartered Accountants 197 867 713 99.96% 73,481 0.04%

Approval of the Restricted Unit Rights Plan

Voting
For
% of vote
For
Voting
Versus
% of vote
Versus
Approval of the Restricted Unit Rights Plan 176 445 794 89.18% 21,413,180 10.82%

About ERES

ERES is a real estate investment company with variable capital without legal personality. ERES units are listed on the TSX under the symbol ERE.UN. ERES is the only European multi-residential REIT in Canada, with an initial current focus on investing in high-quality multi-residential real estate properties in the Netherlands. ERES owns a portfolio of 158 multi-residential buildings, made up of 6,901 suites and ancillary shops located in the Netherlands, and owns an office building in Germany and an office building in Belgium.

The head office and registered office of ERES is located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1.

For more information, please visit our website at www.eresreit.com.

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