On April 5, 2018, Highlands REIT, Inc. appointed Paul A. Melkus to serve as the Company's Executive Vice President and Chief Financial Officer, effective April 23, 2018. In this capacity, he will also serve as the Company's principal financial officer. Mr. Melkus, age 53, previously served as a member of the Company's board of directors (the Board") and Chair of the Board's Audit Committee since the Company's spin-off from InvenTrust on April 28, 2016.

Mr. Melkus served as Global Head of Capital Markets - Real Estate and Infrastructure Department for Abu Dhabi Investment Authority, and as a member of its Executive Committee from 2012 until 2016. In this role, he was responsible for the development of financing strategy and management of lending relationships for Abu Dhabi Investment Authority's global real estate investment portfolio. In connection with and prior to Mr. Melkus' appointment as Executive Vice President and Chief Financial Officer on April 5, 2018, Mr. Melkus resigned as a Director of the Company.

Also in connection with Mr. Melkus' appointment as Executive Vice President and Chief Financial Officer, Joseph Giannini will cease to serve in the role of principal financial officer of the Company, effective April 23, 2018. Thereafter, Mr. Giannini will continue to serve as the Company's Senior Vice President, Chief Accounting Officer, Treasurer and principal accounting officer.