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Press release from CNW Group

KILLAM AND BELL ALIANT ANNOUNCE FIRST FIBREOP? ENABLED MULTI-RESIDENTIAL BUILDING IN ATLANTIC CANADA

Thursday, September 02, 2010

KILLAM AND BELL ALIANT ANNOUNCE FIRST FIBREOP? ENABLED MULTI-RESIDENTIAL BUILDING IN ATLANTIC CANADA09:42 EDT Thursday, September 02, 2010 HALIFAX, Sept. 2 /CNW/ - Killam Properties Inc. (TSX:KMP) and Bell Aliant (TSX:BA.UN) announced today another first in fibre-optic technology.  Forest Hill Towers ("Forest Hills"), the newly renovated, 151-unit high rise building in Fredericton, New Brunswick, will become the first FibreOP? enabled multi-residential building in Atlantic Canada. Killam partnered with Bell Aliant to retrofit the building with FibreOP enabling their tenants to take advantage of the ultimate television and Internet experience. A kitchen fire at Forest Hills on September 9, 2009 resulted in extensive smoke and water damage to the nine-storey building. Following nine months of renovations, Forest Hills reopened in July 2010 to both new and existing tenants. Tenants will enjoy many upgrades at the building, including a theatre room, roof-top patio, entertainment suite and upgraded gym and indoor pool.  In addition, tenants will have the opportunity to benefit from a 100% fibre-optic network straight to their suite. Bell Aliant's FibreOP technology offers the highest bandwidth available for both sending and receiving data. FibreOP Internet offers choices in speed, including exceptionally fast 70 Mbps download and 15 Mbps upload Internet service. These speeds enable tenants to download music or movies, and share video or photos faster than ever before. FibreOP TV offers a 100% digital TV service including High Definition television, available on all TVs, and watch and record PVR. Tenants can enjoy unmatched digital picture and sound quality on over 300 channels, including over 98 music channels and 60 HD channels. "We're thrilled that residents of Killam's Forest Hill Towers are now able to experience FibreOP, featuring exceptionally fast Internet speeds and an incredible High Definition television viewing experience," says Kelly Duplisea, VP, FibreOP and TV, Bell Aliant. "We're equally pleased to have worked with the staff at Killam over the last several months toward this significant milestone." "We are pleased to reopen the doors of Forest Hills with many upgrades" noted Philip Fraser, Killam's President and CEO. "We are confident that tenants will be impressed by the modern features added to this established building, including the availability of Bell Aliant's FibreOP technology, offering faster Internet service and digital television. Our long-term partnership with Bell Aliant continues to allow Killam tenants to access top quality communications technology at attractive rates."   About Killam Properties Inc. Killam Properties Inc. (TSX:KMP), based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning and operating multi-family apartments and manufactured home communities. About Bell Aliant Bell Aliant (TSX: BA.UN) is one of North America's largest regional communications providers and the first company in Canada to cover an entire city with fibre-to-the-home (FTTH) technology with its FibreOP? services. Through its operating entities it serves customers in six Canadian provinces with innovative information, communication and technology services including voice, data, Internet, video and value-added business solutions. Through its xwave offices, Bell Aliant also provides IT professional services and advanced technology solutions. Bell Aliant's employees deliver the highest quality of customer service, choice and convenience. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. The common shares of Killam have not and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or the securities laws of any state of the United States, and may not be offered or sold in the United States or to any U.S. person absent registration or an applicable exemption therefrom under the 1933 Act and the securities laws of all applicable states. Note: The Toronto Stock Exchange has neither approved or disapproved of the information contained herein.  For further information: <p align="justify">Killam Properties Inc.<br/>Dale Noseworthy<br/>Vice President, Investor Relations & Corporate Planning  <br/>(902) 442-0388 <br/><a href="mailto:dnoseworthy@killamproperties.com">dnoseworthy@killamproperties.com</a>  </p> <p>Isabelle Robinson<br/>Bell Aliant Corporate Affairs<br/>(506) 457-5554<br/><a href="mailto:isabelle.robinson@bellaliant.ca">isabelle.robinson@bellaliant.ca</a></p>