Mr. Vlad Volodarski reports

CHARTWELL RETIREMENT RESIDENCES ANNOUNCES MAY 2018 DISTRIBUTION

Chartwell Retirement Residences Real Estate Investment Trust will pay a cash distribution of 4.9 cents per trust unit on June 15, 2018, to unitholders of record on May 31, 2018.

Unitholders can participate in Chartwell's distribution reinvestment plan (DRIP). 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 that indirectly owns and operates a complete range of senior housing communities, from independent supportive living through assisted living to long-term care. It is the largest operator in the Canadian senior living sector with over 200 quality retirement communities in four provinces.

We seek Safe Harbor.