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Press release from Marketwire

Calloway REIT Announces Resignation of Trustee

Friday, August 12, 2011

Calloway REIT Announces Resignation of Trustee17:06 EDT Friday, August 12, 2011TORONTO, ONTARIO--(Marketwire - Aug. 12, 2011) - Calloway Real Estate Investment Trust ("Calloway") (TSX:CWT.UN) announces that it has accepted the resignation of Mr. Simon Nyilassy from its Board of Trustees to allow him to devote more time to his provincial election campaign.Calloway thanks Simon for his contributions since 2005 as CEO/Trustee and more recently as a non-executive Trustee. We wish him well in his endeavours.Calloway is one of Canada's largest real estate investment trusts with an enterprise value of $5.6 billion as at June 30, 2011. It owns and manages 24 million square feet in 113 value-oriented retail centres having the strongest national and regional retailers, as well as strong neighbourhood merchants. Walmart will continue to be the dominant anchor tenant in the portfolio, and we expect their presence will continue to attract other retailers and consumers. Calloway's vision is to provide a value-oriented shopping experience to Canadian consumers.FOR FURTHER INFORMATION PLEASE CONTACT: Al MawaniCalloway Real Estate Investment TrustPresident and Chief Executive Officer(905) 326-6400 x 7649