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Press release from Marketwire

Calloway REIT Declares May 2013 Distribution

Friday, May 17, 2013

Calloway REIT Declares May 2013 Distribution

12:18 EDT Friday, May 17, 2013

TORONTO, ONTARIO--(Marketwired - May 17, 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 May 2013 of CDN$0.129 per trust unit, representing CDN$1.548 per unit on an annualized basis. Payment will be made on June 17, 2013 to unitholders of record on May 31, 2013.

About Calloway

Calloway is one of Canada's largest real estate investment trusts with an enterprise value of approximately $6.7 billion. It owns and manages approximately 26 million square feet in 115 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 Trust
Mario Calabrese
Chief Financial Officer
(905) 326-6400 ext. 7610
www.callowayreit.com

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