Mr. John DeLucchi reports

MADISON PACIFIC PROPERTIES INC. (TSX: MPC AND MPC.C) ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

Madison Pacific Properties Inc. has released the voting results of the annual general meeting of its shareholders held Feb. 22, 2024, in Vancouver, B.C.

Six nominees were re-elected as directors of the company.

              VOTING RESULTS FOR RE-ELECTION OF DIRECTORS

Nominee                 Votes for   Per cent   Votes against   Per cent

Sam Grippo              4,704,469      88.48%        612,386      11.52%
Michael W. Delesalle    4,704,469      88.48%        612,386      11.52%
Peter J. Bonner         4,704,469      88.48%        612,386      11.52%
Mark E. Elliott         4,704,469      88.48%        612,386      11.52%
Jonathan H.B. Rees      5,316,719     100.00%            136          -
John DeLucchi           4,699,992      88.40%        616,863      11.60%

In addition, PricewaterhouseCoopers LLP was reappointed as the auditor for the company.

About Madison Pacific Properties Inc.

Madison Pacific is a Vancouver-based real estate company.