Ms. Kara Cameron reports

CROMBIE REIT ACKNOWLEDGES EMPIRE'S E-COMMERCE UPDATE

Crombie Real Estate Investment Trust has acknowledged the announcement by Empire Company Ltd. regarding its plans to wind down and close its customer fulfilment centre operations in Alberta while continuing to serve customers in Ontario and Quebec through its Voila banner, supported by its existing CFCs.

As outlined in Empire's press release today, operations at its CFC in Calgary are included in the scope of its announcement. The Calgary facility identified is Crombie's 100-per-cent-owned CFC. Crombie's position at the site remains unchanged, with the existing long-term lease remaining in place. This asset represents 304,000 square feet of gross leasable area within Crombie's 2.46-million-square-foot retail-related industrial portfolio, which remains fully occupied.

Crombie expects no material financial impact as a result of Empire's announcement.

About Crombie Real Estate Investment Trust

Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators and developers of quality real estate assets, Crombie has a portfolio that primarily includes grocery-anchored retail, retail-related industrial and mixed-use residential properties. As at Sept. 30, 2025, its portfolio contained 306 properties comprising approximately 18.8 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects.

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