File: Attachment 06097152-00000001-00021396-Artis_News_20240315_2-PDF.pdf

FOR IMMEDIATE RELEASE MARCH 15, 2024

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES QUARTERLY CASH DISTRIBUTION

Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.PR.E) announced that its trustees have declared a quarterly cash distribution of $0.449875 per Series E preferred unit ("Series E Unit") of Artis for the quarter ending March 31, 2024. The cash distributions will be made on March 29, 2024, to Series E Unitholders of record on March 29, 2024.

As at the date hereof, there are an aggregate of 3,248,009 Series E Units issued and outstanding.

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Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Artis's vision is to become a best-in-class real estate asset management and investment platform focused on value investing.

For further information please contact Mr. Samir Manji, President and Chief Executive Officer, Ms. Jaclyn Koenig, Chief Financial Officer, or Ms. Heather Nikkel, Senior Vice-President Investor Relations and Sustainability of the REIT at 1.204.947.1250.

Suite 600 220 Portage Avenue Winnipeg, MB R3C 0A5

T 204.947.1250 F 204.947.0453

www.artisreit.com AX.UN on the TSX