Real Estate — November 16, 2012

Primaris Retail REIT Announces November Distribution

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2012) - Primaris Retail REIT (TSX:PMZ.UN) announces today its November 2012 monthly distribution in the amount of $0.1016. Payment will be made on December 17, 2012 to holders of record as of November 30, 2012.

In addition, Unitholders who elect to participate in the DRIP will receive a further distribution, payable in units, equal in value to 3% of each cash distribution reinvested by them. The price at which units will be purchased with such cash distributions is based on a weighted average trading price of units for the 20 trading days prior to the relevant distribution date, which is normally the 15th of each month. Those Unitholders wishing to enroll in the DRIP should contact the brokerage house or financial institution where their units are currently held and complete the required authorization form.

Primaris Retail REIT owns 33 income-producing properties comprising approximately 13.7 million square feet located in Canada. Primaris Retail REIT is a TSX listed real estate investment trust. As of October 31, 2012, Primaris had 95,085,289 units outstanding (including 2,122,261 exchangeable units for which units have yet to be issued).

Contact Information

Primaris Retail REIT
John Morrison
President and Chief Executive Officer
(416) 642-7860

Primaris Retail REIT
Louis M. Forbes
Executive Vice President and Chief Financial Officer
(416) 642-7810

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