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Emirates REIT proposed interim dividend payment of USD 0.04 per share

Emirates REIT (CEIC) Limited (“Emirates REIT” or the “REIT”), the first Shari’a-compliant regulated Real Estate Investment Trust incorporated in the Dubai International Financial Centre (“DIFC”) and listed on NASDAQ Dubai, announces its proposal to pay an interim dividend in relation to 2014 of USD 11.98 million or USD 0.04 per ordinary share to those shareholders on the register at 2pm on the 21st January 2015.

This is the first dividend payment relating to the year 2014, as Emirates REIT intends to distribute a dividend to its shareholders twice a year: this interim dividend in January 2015 and a final dividend in June 2015. The proposed interim dividend will be subject to shareholder approval at the REIT’s upcoming General Meeting on 26th January 2015.

Sylvain Vieujot, Executive Deputy Chairman of the REIT Manager, said, “Since the REIT became a publicly listed entity in April 2014, we have been delivering strong results and seeing healthy growth across our property portfolio. We continue to follow a disciplined, methodical acquisition strategy by targeting prime assets in strategic locations across Dubai, and as a result, we have achieved continuous growth in our portfolio’s net assets value. We remain committed to delivering sustainable value to our shareholders and to distributing dividends twice a year.”

For enquiries please contact:
Magali Mouquet
Emirates REIT
+971 4 405 7348
[email protected] Rupert Young / Jeehan Balfaqaih
Brunswick
+971 4 446 6270