Mr. Vlad Volodarski reports

CHARTWELL RETIREMENT RESIDENCES ANNOUNCES MARCH 2018 DISTRIBUTION

Chartwell Retirement Residences Real Estate Investment Trust has declared a cash distribution of 4.9 cents per trust unit. The cash distribution will be payable on April 16, 2018, to unitholders of record on March 30, 2018.

Unitholders can participate in Chartwell's distribution reinvestment plan. Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase trust units, and will also receive bonus units equal to 3 per cent of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website or from a unitholder's investment adviser.

About Chartwell Retirement Residences Real Estate Investment Trust

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities from independent supported living through assisted living to long-term care. It is the largest owner and operator of seniors residences in Canada. Chartwell's aim is to capitalize on the strong demographic trends present in its markets to maximize the value of its existing portfolio of retirement residences and prudently avail itself of opportunities to grow internally and through accretive acquisitions.