Mr. Edward Fu reports

MINTO APARTMENT REIT REPORTS VOTING RESULTS FROM ANNUAL GENERAL MEETING OF UNITHOLDERS

Minto Apartment Real Estate Investment Trust has released the results of voting at its annual general meeting of unitholders, held on May 7, 2024. All of the nominees listed in the management information circular prepared in connection with the meeting were elected as trustees of the REIT. The voting results were set out herein.

          VOTING RESULTS FOR ELECTION OF TRUSTEES

Nominee              Number of units         Percentage of 
                                               votes cast  

                         For    Withheld     For   Withheld    

Roger Greenberg   45,941,918   4,481,864   91.11%      8.89%      
Allan Kimberley   49,333,862   1,095,440   97.83%      2.17%      
Heather Kirk      49,582,672     846,630   98.32%      1.68%      
Jo-Ann Lempert    49,346,563   1,082,739   97.85%      2.15%      
Jonathan Li       49,387,297   1,042,005   97.93%      2.07%      
Jacqueline Moss   49,320,066   1,109,236   97.80%      2.20%      
Michael Waters    46,187,309   4,241,993   91.59%      8.41%       

In addition:

• KPMG LLP was reappointed as auditor of the REIT.
• Unitholders approved a non-binding advisory say-on-pay resolution accepting the REIT's approach to executive compensation.

About Minto Apartment Real Estate Investment Trust

Minto Apartment is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own, develop and operate income-producing multiresidential properties located in urban markets in Canada. The REIT owns a portfolio of high-quality income-producing multiresidential rental properties located in Toronto, Montreal, Ottawa and Calgary.