Slate Office REIT Announces Distribution for the Month of October 2018

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 October
2018 of C$0.0625 per trust unit of the REIT, representing $0.75 per unit
of the REIT on an annualized basis.

The distribution will be payable on November 15, 2018 to unitholders of
record as of the close of business on October 31, 2018.

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
currently comprises 45 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 $6.0 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

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

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