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Press release from Marketwire

RioCan Real Estate Investment Trust Announces December 2011 Distribution

Thursday, December 15, 2011

RioCan Real Estate Investment Trust Announces December 2011 Distribution09:08 EST Thursday, December 15, 2011TORONTO, ONTARIO--(Marketwire - Dec. 15, 2011) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced a distribution of 11.5 cents per unit for the month of December. The distribution will be payable on January 9, 2012 to unitholders of record as at December 30, 2011.About RioCanRioCan is Canada's largest real estate investment trust with a total capitalization of approximately $11.9 billion as at September 30, 2011. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 314 retail properties containing an aggregate of over 75 million square feet, including 10 under development, and 38 grocery anchored and new format retail centres in the United States through various joint venture arrangements. For further information, please refer to RioCan's website at FURTHER INFORMATION PLEASE CONTACT: Rags DavloorRioCan Real Estate Investment TrustSenior Vice President & CFO(416)