Artis Real Estate Investment Trust announced that Mr. Victor Thielmann is not independent and should not continue as a member of the Audit Committee and the Governance and Compensation Committee. Mr. Thielmann has provided his resignation from the Board of Artis effective immediately. On behalf of Artis, Mr. Warkentin, the Chair of the Board, extends his appreciation to Mr. Thielmann for his numerous years of valued service to Artis. Lauren Zucker, Bruce Jack and Ben Rodney will continue to serve as independent trustees on the Audit Committee. Other changes include Mr. Wayne Townsend voluntarily stepping down as a member of the Governance and Compensation Committee, Mr. Ben Rodney replacing him on this committee and stepping down as a member of the Investment Committee, and Ms. Lauren Zucker being added to the Investment Committee as successor to Mr. Ben Rodney. The vacancy left by Mr. Thielmann's resignation will be filled by the Board as part of its Board renewal initiative. The Board has retained Rosin Executive Search to advise on new suitable Trustee candidates.