Primaris Retail REIT Announces February Distribution

Primaris Retail REIT (TSX:PMZ.UN) announces today its February 2013 monthly
distribution in the amount of $0.1059. Payment will be made on March 15, 2013 to
holders of record as of February 28, 2013. 


On February 4, 2013, the Board of Trustees of Primaris suspended its Unitholder
Distribution Reinvestment Plan (DRIP) for all distributions paid after the
February 15, 2013 distribution. Accordingly, until further notice any
distribution paid by Primaris after February 15, 2013 will be made only in cash.


Primaris is a TSX listed real estate investment trust that specializes in owning
and operating Canadian enclosed shopping centres that are dominant in their
local trade areas. Merchandising for each property is dynamic in order to meet
the unique needs of its local customers and the community. Primaris maintains a
high occupancy rate at its shopping centres and has retail tenants that offer
new and exciting brands. Primaris owns 35 income-producing properties comprising
approximately 14.7 million square feet located in Canada. As of January 31,
2013, Primaris had 100,542,410 units issued and outstanding (including
exchangeable units for which units have yet to be issued). 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Primaris Retail REIT
John Morrison
President and Chief Executive Officer
[phone]


Primaris Retail REIT
Louis M. Forbes
Executive Vice President and Chief Financial Officer
[phone]