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Aug 28 2014

Update on Cumberland House

Modern cable-stayed bridge over a river with a glass building and cityscape in the background, on a clear day.

Update re Cumberland House, Dublin 2

Hibernia REIT plc (Hibernia) confirms it remains in exclusive discussions to acquire Cumberland House, and pursuant to this has agreed to provide the owners with a short term loan of €38m. The loan is fully secured on Cumberland House and has an interest rate of 6% per annum. Hibernia will make further announcements as appropriate.