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Press release from Marketwire

Primaris Retail REIT Announces July Distribution

Friday, July 15, 2011

Primaris Retail REIT Announces July Distribution11:55 EDT Friday, July 15, 2011TORONTO, ONTARIO--(Marketwire - July 15, 2011) - Primaris Retail REIT (TSX:PMZ.UN) announces today its July 2011 monthly distribution in the amount of $0.1016. Payment will be made on August 15, 2011 to holders of record as of July 29, 2011.In addition, Unitholders who elect to participate in the DRIP will receive a further distribution, payable in units, equal in value to 3% of each cash distribution reinvested by them. The price at which units will be purchased with such cash distributions is based on a weighted average trading price of units for the 20 trading days prior to the relevant distribution date, which is normally the 15th of each month. Those Unitholders wishing to enroll in the DRIP should contact the brokerage house or financial institution where their units are currently held and complete the required authorization form.Primaris Retail REIT owns 33 income-producing properties comprising approximately 13.5 million square feet located in Canada. Primaris Retail REIT is a TSX listed real estate investment trust. As of June 30, 2011, Primaris had 82,342,138 Units outstanding (including Exchangeable Units).FOR FURTHER INFORMATION PLEASE CONTACT: John MorrisonPrimaris Retail REITPresident and Chief Executive Officer(416) 642-7860ORLouis M. ForbesPrimaris Retail REITExecutive Vice President and Chief Financial Officer(416) 642-7810