Maplewood International Real Estate Investment Trust Completes Qualifying Transaction

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


(TSX VENTURE:MWI.UN) (formerly HG.P) Maplewood International Real Estate
Investment Trust (the "REIT"), announced today the completion of its Qualifying
Transaction (as described in Policy 2.4 of the TSX Venture Exchange ("TSXV")
Corporate Finance Manual), previously announced in the news release of Holland
Global Capital Corporation (the "Corporation") on April 23, 2103. The Qualifying
Transaction remains subject to receipt of final approval of the TSXV through the
issuance of the TSXV's final exchange bulletin regarding the Qualifying
Transaction (the "Final Exchange Bulletin"), which is expected on or about
September 18, 2013. The Corporation was reorganized into the REIT by way of a
plan of arrangement under Section 182 of the Business Corporations Act (Ontario)
(the "Arrangement"), as previously announced in the news release of the
Corporation on September 10, 2013. The Arrangement was approved pursuant to a
final order issued by the Ontario Superior Court of Justice (Commercial List) on
September 9, 2013. Following the issuance by the TSXV of the Final Exchange
Bulletin, the units of the REIT will begin trading under the symbol "MWI.UN",
which is expected to occur upon the open of market on or about September 20,
2013.


Pursuant to the Qualifying Transaction, the REIT acquired an industrial income
producing property in the Netherlands (the "Property") for a purchase price of
approximately $9.3 million (approximately EUR6.75 million), subject to customary
adjustments. The purchase price for the Property, representing a capitalization
rate of approximately 8.3% (before transaction costs), was financed by new
mortgage financing of approximately $5.5 million (approximately EUR4.0 million),
with the balance in cash. The mortgage financing rate is approximately 3.9% for
a 5-year term, with a principal amortization period of approximately 33 years.
Based on the capitalization rate and the mortgage financing rate, the resulting
investing spread to the REIT from the purchase of the Property is approximately
440 basis points. A copy of the sale and purchase agreement in connection with
the acquisition of the Property is available on the REIT's profile at
www.sedar.com.


Description of the Property

The Property is located at Einsteinstraat 1 in s'-Gravenzande, the Netherlands,
approximately 30 kilometres northwest of Rotterdam, the second the largest city
in the Netherlands and home to the largest port in Europe, and approximately 16
kilometres southwest of The Hague, the third largest city in the Netherlands and
home to the Dutch government and parliament. The Netherlands, one of the core
founding members of the European Union, enjoys an elite sovereign credit rating
status, with across-the-board AAA sovereign credit ratings (S&P: AAA, Fitch:
AAA, Moody's: Aaa).


The Property is a large-scale industrial complex, comprised of approximately
130,405 square feet of gross leasable area (approximately 12,115 square metres),
of which approximately 20,785 square feet (approximately 1,931 square metres)
are used for an integrated 3-storey office building. The Property is 100% leased
pursuant to an annual inflation-indexed lease with a remaining lease term of
approximately 8 years, and with unlimited automatic five-year renewal terms, to
Rexnord FlatTop Europe B.V., a wholly-owned subsidiary of Rexnord Corporation
("Rexnord"), a leading global industrial components company headquartered in
Milwaukee, Wisconsin, with approximately 7,300 employees worldwide. Rexnord has
a corporate history dating back to 1892 and is listed on the New York Stock
Exchange, with a market capitalization of approximately US$2 billion.


The Property serves as a mission critical facility for Rexnord within its
Process & Motion Control division, specifically to design, manufacture, market
and service specified highly-engineered mechanical components known as flattops,
which are used within complex conveyor chain systems. The Property is
strategically located in a prominent industrial zone and is surrounded by major
transportation arteries.


Officers and Trustees

At the effective time of the Arrangement, the following individuals became the
officers and trustees of the REIT:


Officers



Name                          Office Held                                  
                                                                           
Kursat Kacira                 Chief Executive Officer                      
Kimberly Tam                  Chief Financial Officer                      



Board of Trustees



Name                          Board Committee Membership                   
                                                                           
Paul Simcox (Chairman)        Audit Committee and Governance, Compensation 
                              and Nominating Committee                     
Rudy Stroink                  Investment Committee (Chair)                 
Nick Kanji                    Audit Committee (Chair) and Governance,      
                              Compensation and Nominating Committee        
Sean Nakamoto                 Governance, Compensation and Nominating      
                              Committee (Chair) and Audit Committee        
Paul Rivlin                   Investment Committee                         
Kursat Kacira                 Investment Committee                         



Distribution Reinvestment Plan

The REIT has also implemented a distribution reinvestment plan ("DRIP")
effective as of September 9, 2013, which allows unitholders of the REIT the
opportunity to acquire additional Units at a 3% discount to the weighted average
closing price of the Units, for the 5 trading days immediately preceding the
date of distribution declared by the REIT in respect of Units. The TSXV has
conditionally approved the issuance of a total of 284,375 Units pursuant to the
DRIP. The REIT will determine for each distribution payment date the amount of
new equity, if any, that will be made available under the DRIP on that date. No
assurances can be made that new Units will be made available under the DRIP on a
regular basis, or at all. The DRIP provides an efficient and cost-effective way
for the REIT to issue additional equity to existing unitholders.


About Maplewood International REIT

The REIT is an unincorporated, open-ended real estate investment trust
established under the laws of the Province of Ontario. The REIT was formed to
indirectly acquire the Property pursuant to the Arrangement. Following final
approval of the TSXV of the Qualifying Transaction, the REIT will focus on
acquiring and owning additional commercial income producing properties across
Europe, with an initial focus on the Netherlands, and such other jurisdictions
outside of Canada where opportunities exist.


Disclaimer for Forward-Looking Information

Certain statements contained in this press release constitute forward-looking
information within the meaning of applicable securities laws. Forward-looking
information may relate to the REIT's future outlook and anticipated events or
results and may include statements regarding the financial position, business
strategy, budgets, litigation, projected costs, capital expenditures, financial
results, taxes, plans and objectives of or involving the REIT. Particularly,
statements regarding future results, performance, achievements and prospects or
opportunities for the REIT or the real estate industry are forward-looking
statements. In some cases, forward-looking information can be identified by such
terms such as "may", "might", "will", "could", "should", "would", "occur",
"expect", "plan", "anticipate", "believe", "intend", "estimate", "predict",
"potential", "continue", "likely", "schedule", or the negative thereof or other
similar expressions concerning matters that are not historical facts. Some of
the specific forward-looking statements in this press release include, but are
not limited to, statements with respect to the following: the expected
commencement of trading of units of the REIT.


Although the forward-looking statements contained in this press release are
based upon assumptions that management of the REIT believes are reasonable based
on information currently available to management, there can be no assurance that
actual results will be consistent with these forward-looking statements.
Forward-looking statements necessarily involve known and unknown risks and
uncertainties, many of which are beyond the REIT's control, which may cause
actual results to differ materially from those expressed or implied by such
forward-looking statements.


The forward-looking statements made in this press release relate only to events
or information as of the date hereof. Except as required by applicable law, the
REIT undertakes no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or otherwise,
after the date on which the statements are made or to reflect the occurrence of
unanticipated events.


The TSXV has in no way passed upon the merits of the Qualifying Transaction and
has neither approved nor disapproved the contents of this press release.


Neither the TSXV nor its Regulation Services Provider (as that term is defined
in policies of the TSXV) accepts responsibility for the adequacy or accuracy of
this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kursat Kacira, Chief Executive Officer
[phone]
[e-mail]


Kimberly Tam, Chief Financial Officer
(905) 361- 6828
[e-mail]