Americold Realty Trust Announces Closing of Secondary Offering of Common Shares and Exercise of Underwriters’ Option to Purchase Additional Common Shares

ATLANTA–(BUSINESS WIRE)–Americold Realty Trust (the “Company” or “Americold”) (NYSE:COLD)
announced today the closing of its underwritten registered public
offering by certain selling shareholders (the “Selling Shareholders”) of
46,483,811 common shares at the public offering price of $27.75 per
share (including 6,063,105 common shares sold pursuant to the exercise
in full of the underwriters’ option to purchase additional common
shares). The Company will not sell any common shares and will not
receive any proceeds from this offering.

BofA Merrill Lynch acted as the lead book-running manager for the
offering and Goldman Sachs & Co. LLC also participated as a book-running
manager.

The offering was made only by means of a prospectus supplement and
prospectus forming part of an effective shelf registration statement
previously filed with the Securities and Exchange Commission (the “SEC”).

A copy of the final prospectus supplement may be obtained free of charge
from the SEC’s web site at www.sec.gov.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy nor will there be any sale of these
securities in any state or other jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.

Forward-Looking Statements

This press release contains statements about future events and
expectations that constitute forward-looking statements. Forward-looking
statements are based on our beliefs, assumptions and expectations of our
future financial and operating performance and growth plans, taking into
account the information currently available to us. These statements are
not statements of historical fact. Forward-looking statements involve
risks and uncertainties that may cause our actual results to differ
materially from the expectations of future results we express or imply
in any forward-looking statements, and you should not place undue
reliance on such statements.

Words such as “anticipates,” “believes,” “continues,” “estimates,”
“expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,”
“plans,” “potential,” “near-term,” “long-term,” “projections,”
“assumptions,” “projects,” “guidance,” “forecasts,” “outlook,” “target,”
“trends,” “should,” “could,” “would,” “will” and similar expressions are
intended to identify such forward-looking statements. We qualify any
forward-looking statements entirely by these cautionary factors. Other
risks, uncertainties and factors, including those discussed under the
heading “Risk Factors” in our annual report on Form 10-K for the year
ended December 31, 2018, could cause our actual results to differ
materially from those projected in any forward-looking statements we
make. We assume no obligation to update or revise these forward-looking
statements for any reason, or to update the reasons actual results could
differ materially from those anticipated in these forward-looking
statements, even if new information becomes available in the future.

About Americold Realty Trust

Americold is the world’s largest owner and operator of
temperature-controlled warehouses. Based in Atlanta, Georgia, Americold
owns and operates 155 temperature-controlled warehouses, with
approximately 918.7 million refrigerated cubic feet of storage, in the
United States, Australia, New Zealand, Canada, and Argentina.

Contacts

Investor Relations:
678.459.1959
investor.relations@americold.com
or
Media:
mediarelations@americold.com

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