Mr. Michael Zakuta reports

PLAZA RETAIL REIT ANNOUNCES THE ELECTION OF ITS BOARD OF TRUSTEES

All candidates named in the management information circular dated March 25, 2015, were elected as trustees of Plaza Retail REIT at its annual and special meeting of unitholders held in Fredericton, N.B., on May 21, 2015. The total number of units represented by unitholders present in person or by proxy at the meeting was 50,326,458, representing 53.57 per cent of Plaza's outstanding units and special voting units.

The detailed results of the votes cast in person by way of ballot and by proxy on the election of trustees are set out in the attached table.

Candidate          Votes for  % for  Votes withheld  % withheld

Edouard Babineau  49,960,368  99.87          65,163        0.13
Robert Boudreau   49,969,150  99.89          56,381        0.11
Earl Brewer       49,998,421  99.95          27,110        0.05
Stephen Johnson   49,974,591  99.90          50,940        0.10
Denis Losier      49,953,874  99.86          71,657        0.14
Barbara Trenholm  49,955,476  99.86          70,055        0.14
Michael Zakuta    50,000,492  99.95          25,039        0.05

Voting results on all matters voted on at the meeting will be filed on SEDAR.