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Slate Office REIT (SOT_u.TO)

SOT_u.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

John O'Bryan

65 2015 Independent Chairman of the Board of Trustees

Scott Antoniak

2015 Chief Executive Officer

Robert Armstrong

2015 Chief Financial Officer

Monty Baker

2018 Trustee

Georges Dube

50 2012 Independent Trustee

Nora Duke

54 2015 Independent Trustee

Pamela Spackman

64 2012 Independent Trustee

Blair Welch

43 2015 Non-Independent Trustee

Brady Welch

46 2015 Non-Independent Trustee

Biographies

Name Description

John O'Bryan

Mr. John O'Bryan is Independent Chairman of the Board of Trustees of the Company. He was Chair of CBRE Limited and was a former member of its Canadian board of directors and Canadian executive management committee. Mr. O’Bryan joined CBRE Limited in 2008. Prior to joining CBRE, he served as Managing Director at TD Securities Inc. from 1998 to 2008. He has over 40 years’ experience in the real estate industry. Mr. O’Bryan holds an honours degree in Estate Management from Reading University, United Kingdom. Mr. O’Bryan’s numerous professional affiliations include board positions with the Urban Land Institute and the Real Property Association of Canada, in addition to being an associate of the Royal Institution of Chartered Surveyors. He is a past president of the National Association of Industrial and Office Properties and former member of the Appraisal Institute of Canada.

Scott Antoniak

Mr. Scott Antoniak is Chief Executive Officer of the Company., since January 22, 2015. Prior to joining Slate, Mr. Antoniak held the position of Executive Director in the real estate investment banking group at CIBC World Markets Inc. where he was responsible for the execution of capital markets transactions which included overseeing underwriting and due diligence activities. Mr. Antoniak joined CIBC World Markets Inc. in 1997 and was involved in real estate transactions across North America totalling over $15 billion including the 2013 disposition of the GE Canada Real Estate Portfolio and the 2011 disposition of the Slate/Blackstone Canadian Office Portfolio. Prior to joining CIBC World Markets Inc., he held various management positions in commercial real estate finance. Mr. Antoniak holds a Masters of Business Administration (Real Property Development) from York University and a Bachelor of Arts (Economics) from Western University

Robert Armstrong

Mr. Robert Armstrong is Chief Financial Officer of Slate Office REIT., since December 8, 2015. Prior to joining Slate, Mr. Armstrong was a partner in the real estate practice at Deloitte LLP in Toronto where he was responsible for serving a diverse real estate client base with assets across all major asset classes, both in Canada and globally. He was also on the executive committee for the Toronto assurance practice and was Deloitte LLP’s Canadian initial public offering leader. Prior to Deloitte LLP, Mr. Armstrong was at Brookfield Asset Management Inc. in various treasury, finance and financial reporting positions. Mr. Armstrong is a Chartered Professional Accountant, Chartered Accountant and Licensed Public Accountant in Ontario and holds an Honours Bachelor of Business Administration from Wilfrid Laurier University

Monty Baker

Mr. Monty Baker is Trustee of the Company. Monty is a retired partner from PricewaterhouseCoopers ("PwC"), where he held various senior roles, including as the Canadian leader for the PwC Canada Management Consulting group. Monty also served on PwC's partnership board and was a member of the Global PwC Consulting Advisory Board from 1999 to 2002. He had significant involvement in the sale of the PwC Consulting Practice to IBM. Until his retirement in 2011, Monty was the Vice President, Global BTO HR Solutions at IBM where he was responsible for overall strategy, sales, marketing and the delivery for Human Resource Outsourcing. Monty is a graduate of the University of Toronto and a Chartered Professional Accountant. He received his chartered director designation from The Directors College in 2013.

Georges Dube

Mr. Georges Dube is Independent Trustee of the Company. He has been a Partner at Bennett Jones LLP, a Canadian-based business law firm, since November 1, 2012. From 2003 to 2012, Mr. Dubé practiced law at another large Canadian-based business law and litigation firm. Mr. Dubé is a transactional corporate securities lawyer with 18 years of experience. In 2012, he was listed Lexpert as a leading Corporate Finance and Securities lawyer in Canada. Mr. Dubé is a board member of the Shaw Festival Boxing annual fundraising event. He also served from 2010 to 2012 on the Securities Advisory Committee of the Ontario Securities Commission. Mr. Dubé received a Bachelor of Science in Foreign Service from Georgetown University and an LLB from the Faculty of Law of McGill University.

Nora Duke

Ms. Nora M. Duke is Independent Trustee of Slate Office REIT. She is currently Executive Vice President, Corporate Services and Chief Human Resource Officer of Fortis Inc. Prior to this recent appointment, Ms. Duke served as the Chief Executive Officer of Fortis Properties Corporation from 2007 to 2015. Prior to serving as Chief Executive Officer of Fortis Properties Corporation, Ms. Duke spent 16 years at Newfoundland Power Inc., ultimately serving as the company’s Vice President of Customer and Corporate Services. She has been inducted into Atlantic Canada’s Top 50 CEOs Hall of Fame by Atlantic Business Magazine. She was also named one of Canada’s 100 Most Powerful Women in 2010 by the Women’s Executive Network. Ms. Duke holds a Bachelor of Commerce (honours) and a Masters of Business Administration from Memorial University.

Pamela Spackman

Ms. Pamela J. Spackman is Independent Trustee of Slate Office REIT. She is currently the Chair of the Mortgage Advisory Committee for Timbercreek Mortgage Strategies Inc., an entity that reviews and approves or declines mortgage loans proposed to be funded by Timbercreek Mortgage Investment Corporation, Timbercreek Senior Mortgage Investment Corporation or Timbercreek Global Real Estate Fund. Ms. Spackman is also a Member of the Advisory Committee of Crestpoint Real Estate Investments Ltd., a part of the Connor, Clark and Lunn group of companies, which owns a portfolio of commercial properties on behalf of its limited partnership investors. She has served on the board of directors of Gazit America Inc., a company focused on entrepreneurial real estate opportunities, and acted as President and Chief Executive Officer of Column Canada Financial Corporation, a wholly owned subsidiary of Credit Suisse Group AG. She was previously a Vice-President Mortgage Investment for the Ministry of Finance in the Province of British Columbia and an Investment Manager for the Workers’ Compensation Board Investment Fund in Ontario. Ms. Spackman acquired the ICD.D designation following completion of the Institute of Corporate Directors programme at the University of Toronto.

Blair Welch

Mr. Blair Welch is Non-Independent Trustee of FAM Real Estate Investment Trust., since 14 November 2014. He was formerly the Chief Executive Officer of the REIT and has over 18 years of experience in the real estate industry in North America and Asia. Prior to co-founding Slate in 2004, Mr. Welch worked with First National Financial Corporation from 2002 until 2005 where he was responsible for developing a successful Canadian commercial mortgage-backed securities program. From 2001 to 2002, Mr. Welch was employed as a consultant by the General Motors Acceptance Corporation Commercial Mortgage to underwrite commercial assets for securitization. Mr. Welch also worked with General Motors Acceptance Corporation Commercial Mortgage to assist with their Canadian commercial mortgage-backed securities program. From 1997 to 2000, Mr. Welch was a Vice President and original member of New York-based Fortress Investment Group, spending time in Tokyo and Toronto, where he was responsible for originating office, retail, industrial and hospitality investment opportunities throughout both the U.S. and Canada. Mr. Welch began his career in the corporate finance group of Bankers Trust in New York and Toronto from 1996 to 1997, where he identified acquisition opportunities, oversaw due diligence, supervised property managers and leasing professionals, analyzed and approved capital expenditures and helped raise debt and equity capital for a variety of U.S. real estate clients. Mr. Welch also worked with Brazos Advisors (now Lonestar), participating in direct investment, securitization and corporate debt transactions in the U.S. and Canada. Mr. Welch holds a Bachelor of Commerce degree from the University of British Columbia.

Brady Welch

Mr. Brady Scott Welch is Non-Independent Trustee of the Company. He has over 18 years of experience in the real estate industry in North America and Europe across a variety of asset classes, including office, industrial, multi-family and retail and serves as Chief Financial Officer of the REIT. Prior to co-founding Slate in 2004, he held senior management positions with Fortress Investment Group from 1998 to 2005, including acting as a Vice-President and Managing Director, where he was responsible for overseeing all direct investments in commercial real estate in the U.S. In this capacity, Mr. Welch identified acquisition opportunities, underwrote asset values, oversaw due diligence, negotiated purchase and sale agreements, selected lenders and negotiated financing terms, supervised property managers and third party leasing professionals, approved large leasing contracts, approved capital expenditures, prepared annual operating budgets, provided updates on operating performance and developed and executed asset disposition strategies. During his eight year tenure at Fortress, Mr. Welch was involved in a significant number of real estate investments across retail, office, industrial, multi-family and hospitality asset classes. From 1997 until 1998, Mr. Welch managed the joint venture investments of Truscan (the former real estate arm of Canada Trust) including class A office towers in Canada’s five major urban markets. Mr. Welch began his career in the mid-1990s with Brazos Advisors (now Lonestar), participating in the acquisition and work-out of Canadian distressed real estate loan pools from insurance companies and financial institutions. Mr. Welch holds a Bachelor of Commerce degree from Mount Allison University.

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