MP Western Properties Announces Completion of Arrangement

MP Western Properties Inc. ("MPW") (TSX VENTURE:MPW.H) is pleased to announce
that MPW and Madison Pacific Properties Inc. ("Madison") have completed a plan
of arrangement (the "Arrangement") among MPW, MPW's shareholders and Madison. 


Pursuant to the requirements of the Canada Business Corporations Act, the
Arrangement was approved by over 99% of the votes cast by holders of MPW's
voting shares and non-voting shares and by a majority of the minority voting
shares, each voting separately as a class at an annual and special meeting of
the shareholders of MPW held on June 29, 2011. The Supreme Court of British
Columbia approved the Arrangement on July 6th, 2011. 


Under the terms of the Arrangement, Madison has acquired all of the issued and
outstanding shares of MPW held by minority shareholders of MPW in exchange for a
cash payment of $0.06 per share. Madison and MPW encourage those shareholders of
MPW, who have not yet done so, to tender their shares of MPW, along with a
completed letter of transmittal to CIBC Mellon Trust Company.