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Press release from Marketwire

Madison Pacific Properties Inc. Notice of Dividend

Tuesday, February 01, 2011

Madison Pacific Properties Inc. Notice of Dividend14:36 EST Tuesday, February 01, 2011VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2011) - NOTICE is hereby given that the Board of Directors of Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C) has declared a regular cash dividend of $0.0525 per share payable on February 24, 2011 to holders of Class B voting common shares and Class C non-voting shares of record at the close of business on February 9, 2011.FOR FURTHER INFORMATION PLEASE CONTACT: Mr. Alan FirthMadison Pacific Properties Inc.President(604) 732-6540ORMr. Bill RamseyMadison Pacific Properties Inc.Chief Financial Officer(604) 732-6540(604) 732-6550 (FAX)