Real Estate — January 17, 2013

Calloway REIT Fourth Quarter Results and Conference Call

TORONTO, ONTARIO--(Marketwire - Jan. 17, 2013) - Calloway Real Estate Investment Trust ("Calloway") (TSX:CWT.UN) announced that it will issue its financial results for the three months and year ending December 31, 2012 on Wednesday February 13, 2013.

Calloway will hold a conference call on Thursday February 14, 2013 at 8:30 a.m. (ET). Participating on the call will be members of Calloway's senior management.

Investors are invited to access the call by dialing 1-800-814-4860. You will be required to identify yourself and the organization on whose behalf you are participating. A recording of this call will be made available Thursday February 14, 2013 beginning at 9:30 a.m. (ET) through to 11:59 p.m. (ET) on Thursday February 21, 2013. To access the recording, please call 1-877-289-8525 and use the reservation number 4591276#.

About Calloway

Calloway is one of Canada's largest real estate investment trusts with an enterprise value of approximately $6 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.

Contact Information

Calloway Real Estate Investment Trust
Al Mawani
President and Chief Executive Officer
(905) 326-6400 ext. 7649
(905) 326-0783 (FAX)

Calloway Real Estate Investment Trust
Bart Munn
Chief Financial Officer
(905) 326-6400 ext. 7631
(905) 326-0783 (FAX)
www.callowayreit.com

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