Mr. Jeffrey Brown reports

CHARTWELL FOURTH QUARTER AND YEAR END 2023 RESULTS RELEASE DATE, CONFERENCE CALL AND WEBCAST

Chartwell Retirement Residences Real Estate Investment Trust will issue its financial results for the three months and year ended Dec. 31, 2023, on the afternoon of March 7, 2024. A conference call and webcast will be hosted by Chartwell on Friday, March 8, 2023, at 10 a.m. ET to discuss these results.

The telephone numbers to participate in the conference call are:

• Local: 416-340-2217;
• Toll-free: 1-800-806-5484;
• Passcode: 8931311 followed by the pound key.

Please dial in at least 15 minutes before the call commences to register your participation in the question-and-answer (Q&A) session. A slide presentation to accompany management's comments during the conference call will be available on the investor relations section of Chartwell's website.

A live webcast of the call will be available on-line. Joining via webcast is recommended for those who will not be participating in the Q&A.

The telephone numbers to listen to the call after it is completed (instant replay) are: 905-694-9451 (local) or 1-800-408-3053 (toll-free). The passcode for the instant replay is 1404410 followed by the pound key. An audio file recording of the conference call will be archived on the investor relations section of Chartwell's website.

About Chartwell Retirement Residences Real Estate Investment Trust

Chartwell is in the business of serving and caring for Canada's seniors, committed to its vision of making people's lives better and to providing a happier, healthier and more-fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is the largest operator in Canada, serving over 25,000 residents in four provinces across the country.