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Slate Office REIT Announces Distribution for the Month of January 2016

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TORONTO, ON --(Marketwired - January 15, 2016) - Slate Office REIT (TSX: SOT.UN) (the "REIT"), a leading owner of office properties in Canada, announced today that the Board of Trustees has declared a distribution for the month of January 2016 of C$0.0625 per trust unit of the REIT.

The distribution will be payable on February 16, 2016 to unitholders of record as of the close of business on January 29, 2016.

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 and will also receive a "bonus distribution" of units equal in value to 3% of each distribution. Unitholders wishing to participate should contact their investment advisors to enroll in the DRIP. Additional details and information can be found by visiting slateam.com/SOT.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is an open-ended real estate investment trust. The REIT's portfolio currently comprises 33 strategic and well-located real estate assets located primarily across Canada's major population centres. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions. Slate Management Corporation, a wholly-owned subsidiary of Slate Asset Management L.P., is the REIT's manager. Visit slateam.com/SOT to learn more about the REIT.

About Slate Asset Management L.P.

Slate Asset Management L.P. ("Slate") is a leading real estate investment platform with over $3 billion in assets under management. Slate is a value-oriented company and a significant sponsor of all 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 about Slate Asset Management L.P.


FOR FURTHER INFORMATION PLEASE CONTACT:

For Further Information:

Scott Antoniak
Chief Executive Officer
Slate Office REIT
+1 416 583 1764
scott@slateam.com

Robert Armstrong
Chief Financial Officer
Slate Office REIT
+1 416 583 1784
robert@slateam.com

Conor McBroom
Vice President, Investor Relations
Slate Asset Management L.P.
+1 416 619 4284
conor@slateam.com

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