A GREAT START Annual General Meeting

GALEN WESTON Chairman

A GREAT START Annual General Meeting

JOHN MORRISON President and Chief Executive Officer

LOBLAW – CANADA’S LARGEST RETAILER

STRONG BANNER RECOGNITION ACROSS CANADA

COMPELLING PORTFOLIO OF RETAIL REAL ESTATE

Coquitlam, BC

COMPELLING PORTFOLIO OF RETAIL REAL ESTATE

Saskatoon, SK

COMPELLING PORTFOLIO OF RETAIL REAL ESTATE

Kitchener, ON

Burlington, ON

COMPELLING PORTFOLIO OF RETAIL REAL ESTATE

Montreal, QC

Aylmer, QC

COMPELLING PORTFOLIO OF RETAIL REAL ESTATE

Halifax, NS

THE LAUNCH OF CHOICE PROPERTIES REIT

$460M

in Equity

$600M

in Public

Debentures

>$7B

Value

Acquisitions of

$186 million

Development

program

High occupancy

rate

2013 ACHIEVEMENTS

12 retail properties were acquired, including

three properties with development potential,

at a cost of $186 million.

Choice Properties launched its

development program in 2013 and had more

than 95,000 square feet under development

in its first six month of operations

Since its IPO, Choice Properties has been

able to maintain high occupancy; at year-

end its portfolio was 97.7% leased.

OUR GROWTH STRATEGY

Development Acquisitions Active Management

OUR GROWTH STRATEGY

Proposed RCSS (120K) Proposed

Retail

Proposed Retail

Proposed Retail

Proposed Gas Bar

Legend:

Proposed Retail

Proposed RCSS

OUR PLANS FOR 2014

Focused

on growth

Delivering results

every day

Best-in-class

Internally

managed

A GREAT START

Off to a great start

as one of Canada’s

leading real estate

enterprises

GALEN WESTON Chairman

A GREAT START