Mr. Dori Segal reports

FIRST CAPITAL REALTY ANNOUNCES REDEMPTION OF ITS OUTSTANDING 5.95% SERIES G SENIOR UNSECURED DEBENTURES DUE JUNE 1, 2015

First Capital Realty Inc. is providing notice today to holders of its outstanding 5.95-per-cent Series G senior unsecured debentures due June 1, 2015, in respect of the redemption in full of the debentures. As of the date hereof, there are $125-million principal amount of debentures outstanding. The debentures will be redeemed in integral multiples of $1,000.

The company has established Dec. 29, 2014, as the redemption date and has fixed Dec. 24, 2014, as the record date for this redemption. On the redemption date, the debentures will be redeemed in accordance with their terms at a redemption price per $1,000 principal amount of the debentures equal to $1,017.72 plus accrued and unpaid interest (to, but excluding, the redemption date) of $4.56 and will thereafter cease to be outstanding.

We seek Safe Harbor.