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Press release from CNW Group

KILLAM ANNOUNCES MONTHLY DIVIDEND

Monday, September 20, 2010

KILLAM ANNOUNCES MONTHLY DIVIDEND12:54 EDT Monday, September 20, 2010/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/HALIFAX, Sept. 20 /CNW/ - Killam Properties Inc. (TSX:KMP) is pleased to announce that its board of directors has declared a dividend pursuant to Killam's monthly dividend policy. The dividend of $0.046668 per common share will be paid on October 15, 2010 to shareholders of record on September 30, 2010.Killam Properties Inc., based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning and operating multi-family apartments and manufactured home communities.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.%SEDAR: 00014891EFor further information: Dale Noseworthy, Vice President, Investor Relations & Corporate Planning, Killam Properties Inc., Phone: (902) 442-0388, Fax: (902) 455-4525, dnoseworthy@killamproperties.com; www.killamproperties.com