FIRST CAPITAL REALTY'S ANNUAL SHAREHOLDERS' MEETING

TORONTO, May 24, 2011 /CNW/ - First Capital Realty Inc. ("First Capital Realty") (TSX:FCR) Canada's leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing metropolitan areas, will hold its Annual Shareholders' Meeting at 1:00pm ET today, May 24, 2011 at Design Exchange, 234 Bay Street, Toronto Ontario.

For those unable to attend the meeting in person, a live audio webcast of the meeting and management's presentation will be provided simultaneously. Please access the link on the Company's website at www.firstcapitalrealty.ca. The webcast will also be archived on the Company's website following the meeting.

ABOUT FIRST CAPITAL REALTY (TSX:FCR)

First Capital Realty is Canada's leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing metropolitan areas. The Company currently owns interests in 163 properties, including three under development, totalling approximately 22.4 million square feet of gross leasable area and seven sites in the planning stage for future retail development.

SOURCE First Capital Realty Inc.

For further information:

Dori J. Segal, President & C.E.O., or
Karen H. Weaver, E.V.P. & C.F.O.
First Capital Realty Inc.
85 Hanna Avenue, Suite 400
Toronto, Ontario, Canada M6K 3S3
Tel: (416) 504-4114
Fax: (416) 941-1655
www.firstcapitalrealty.ca


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