City Office REIT, Inc. announced the appointment of a new member to the Company's Board of Directors (the "Board") and changes to Board roles. Michael Mazan, a finance and investment industry veteran, has been appointed to the Board, effective February 23, 2022. Mr. Mazan joins the Board with over 30 years of experience in investing, management consulting and investment banking.

Currently, Mr. Mazan serves as a founding partner of Kings Peak Partners. Prior to that, from 1999 to 2018, Mr. Mazan was a partner at Birch Hill Equity Partners, where he was responsible for all parts of the investment lifecycle, with a focus on portfolio company building and governance. From 1992 to 1999, Mr. Mazan held various finance and consulting roles at prominent firms, including Credit Suisse First Boston and McKinsey and Company.

Mr. Mazan also has extensive experience serving as a director for various private and publicly listed companies, having served on 12 boards during his career. Mr. Mazan will join the Board's Audit Committee as its Chairman. Further, as part of the Company's long term succession planning, the Board has approved the appointment of John Sweet as Chairman of the Board, effective February 23, 2022.

Mr. Sweet has served as an Independent Director of the Company since 2017 and is currently the Chairman of the Investment Committee. Mr. Sweet's contributions to the Company to date and his exceptional real estate industry knowledge base, along with prior experience leading a public company board, make Mr. Sweet an excellent fit as Chairman of the Board. Mr. Sweet assumed the role from John McLernon who is continuing to serve as an Independent Director of the Company.

In addition, William Flatt, effective February 23, 2022, will step down from the Board after nearly ten years of service to the Board.