Primaris Retail REIT Files Notice of Meeting and Circular

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. 

Primaris Retail REIT (TSX:PMZ.UN) ("Primaris") announced today that it has filed
on SEDAR a Notice of Special Meeting of Unitholders and a Management Information
Circular relating to the previously announced transactions involving Primaris,
H&R REIT and a Kingsett Capital-Led Consortium. Registered holders of voting
units can expect to receive the meeting materials by mail in the ordinary
course. In accordance with the requirements of applicable Canadian securities
laws, Primaris has distributed copies of the meeting materials to applicable
clearing agencies and intermediaries for onward distribution to non-registered
holders of voting units. The meeting materials are also available on the
Primaris website: www.primarisreit.com. 


The special meeting of Primaris voting unitholders is scheduled to be held at
the Trump International Hotel & Tower Toronto, 325 Bay Street, on March 22, at
10am to consider a resolution to approve the transactions.


INFORMATION

If you require assistance, please contact Kingsdale Shareholder Services Inc. at
1-866-581-1571 toll-free in North America, or 416-867-2272 outside North America
(collect calls accepted), or by email at [e-mail]. 


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]
www.primarisreit.com