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Press release from Marketwire

Calloway REIT Declares March 2013 Distribution

Monday, March 18, 2013

Calloway REIT Declares March 2013 Distribution10:55 EDT Monday, March 18, 2013TORONTO, ONTARIO--(Marketwire - March 18, 2013) - Calloway Real Estate Investment Trust ("Calloway") (TSX:CWT.UN) announced that the trustees of the REIT have declared a distribution for the month of March 2013 of CDN$0.129 per trust unit, representing CDN$1.548 per unit on an annualized basis. Payment will be made on April 15, 2013 to unitholders of record on March 28, 2013. About Calloway Calloway is one of Canada's largest real estate investment trusts with an enterprise value of approximately $6.5 billion. It owns and manages approximately 26 million square feet in 113 value-oriented retail centres having the strongest national and regional retailers, as well as strong neighbourhood merchants. Calloway's vision is to provide a value-oriented shopping experience to Canadian consumers. For more information on Calloway, visit www.callowayreit.com.FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Calloway Real Estate Investment TrustBart MunnChief Financial Officer(905) 326-6400 ext. 7631www.callowayreit.com