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News from Marketwire

Calloway Real Estate Investment Trust Declares September 2009 Distribution

10:20 EDT Friday, September 18, 2009

TORONTO, ONTARIO--(Marketwire - Sept. 18, 2009) - Calloway REIT (TSX:CWT.UN)(TSX:CWT.DB)(TSX:CWT.DB.A) announced today that the trustees of the REIT have declared a distribution for the month of September 2009 of CDN$0.129 per trust unit, representing CDN$1.548 per unit on an annualized basis. Payment will be made on October 15, 2009 to unitholders of record on September 30, 2009.

Calloway Real Estate Investment Trust is an unincorporated open-end real estate investment trust created to invest in a geographically diversified portfolio of high quality retail shopping centres in Canada.

FOR FURTHER INFORMATION PLEASE CONTACT:

Calloway Real Estate Investment Trust
Steve Liew
Vice President, Finance
(905) 326-6400 ext. 7798

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