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Press release from CNW Group

Artis Announces Exercise of Over-allotment Option

Friday, August 10, 2012

Artis Announces Exercise of Over-allotment Option08:37 EDT Friday, August 10, 2012/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/WINNIPEG, Aug. 10, 2012 /CNW/ - Artis Real Estate Investment Trust (TSX: AX.UN) ("Artis") announced today that, pursuant to the exercise in full of the underwriters' over-allotment option granted in connection with its previously announced public offering of Cumulative 5-Year Rate Reset Preferred Trust Units, Series A, (the "Series A Units"), Artis issued an additional 450,000 Series A Units at a price of $25 per Series A Unit for additional gross proceeds to Artis of $11,250,000.  The offering was underwritten by a syndicate of underwriters led by RBC Capital Markets, CIBC and Macquarie Capital Markets Canada Ltd.Artis intends to use the net proceeds from the offering to fund future acquisitions, repay indebtedness, and for general trust purposes.This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities in any jurisdiction.  The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933 and state securities laws. Accordingly, the securities may not be offered or sold to U.S. persons except pursuant to applicable exemptions from registration requirements.*********Artis is a diversified Canadian real estate investment trust investing in office, industrial and retail properties.  Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in Canada and the United States, with a major focus on Western Canada.  Artis' commercial property comprises over 20.4 million square feet of leasable area in 196 properties.  Leasable area by asset class is approximately 19.4% retail, 37.1% office and 43.5% industrial.  The portfolio is located 8.4% in British Columbia, 28.9% in Alberta, 4.9% in Saskatchewan, 17.7% in Manitoba, 15.3% in Ontario and 24.8% in the U.S.The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release.SOURCE: Artis Real Estate Investment TrustFor further information: Please contact Mr. Armin Martens, President and Chief Executive Officer, Mr. Jim Green, Chief Financial Officer or Ms. Kirsty Stevens, Chief Administrative Officer at 1.204.947.1250