Ms. Kim Lee reports

RIOCAN REAL ESTATE INVESTMENT TRUST SCHEDULES FOURTH QUARTER 2023 EARNINGS RELEASE, CONFERENCE CALL AND WEBCAST

RioCan Real Estate Investment Trust is scheduled to release its financial and operational results for the three months and year ended Dec. 31, 2023, after the market closes on Tuesday, Feb. 13, 2024.

Interested parties are invited to participate in a conference call with management on Wednesday, Feb. 14, 2024, at 10 a.m. Eastern Time. To listen to the conference call, please register at least 10 minutes prior to the scheduled start of the call. Participants who preregister prior to the call will receive an e-mail with dial-in credentials, including log-in passcode and PIN, to gain immediate access to the live call. Those who are unable to preregister may dial in for operator assistance by calling 1-833-950-0062 and entering the access code 218112.

A live webcast will also be available in listen-only mode. To listen to the simultaneous webcast, go to the RioCan website in events and presentations and click on the link for the webcast.

If you cannot participate in the live mode, a replay will be available for one week following the date of the live conference call. To listen to the replay, please dial 1-866-813-9403 followed by the access code 539726.

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas, where Canadians want to shop, live and work. As at Sept. 30, 2023, its portfolio is composed of 192 properties with an aggregate net leasable area of approximately 33.6 million square feet (at RioCan's interest), including office, residential rental and 10 development properties.