/C O R R E C T I O N from Source - Scott's Real Estate Investment Trust/



    In c8774 transmitted on October 29 at 08:30e, an error occurred with the
    time of the conference call. The corrected time is at 11:30 a.m. EST and
    not 10:00 a.m. EST. Corrected copy follows:

    Media Advisory - Scott's REIT to mark second anniversary as a public
    company with a conference call to discuss progress since its IPO and to
    present its financial results for the third quarter of 2007

    TORONTO, Oct. 29 /CNW/ - Scott's Real Estate Investment Trust (TSX:
SRQ.UN) (the "REIT") will hold a conference call for analysts and investors on
Friday November 2, 2007 at 11:30 a.m. EST to discuss the company's progress
since its IPO and to present the REIT's financial results for the third
quarter of 2007. Following their presentation, John Bitove, Chairman and Chief
Executive Officer, and Evelyn Sutherland, Chief Financial Officer, will be
available to address analysts' questions and, if time permits, media
questions. Details of the conference call and audio webcast are as follows:

    
    Date:    Friday November 2, 2007

    Time:    11:30 a.m. EST

    Dial-In: 1-800-588-4490 toll free or 416-644-3426 for the Toronto area.
             Please allow 10 minutes to be connected to the conference call.

    Webcast: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID(equal
             sign)2067780. This is a listen-only audio webcast.
             Media Player or Real Player is required to listen to the
             broadcast.

    Replay:  An archived recording of the call will be available from
             1:30 p.m. on Friday November 2, 2007 at 1-877-289-8525 toll free
             or 416-640-1917, passcode 21251733 followed by the number sign,
             until midnight on Sunday December 2, 2007.

    Note:    A slide presentation intended for simultaneous viewing with the
             conference call will be available for viewing on Friday
             November 2, 2007 at www.scottsreit.com.
    

    %SEDAR: 00022537E




For further information:

For further information: Contacts: Analysts and Investors, Trish Moran,
(416) 624-5133, trish.moran@scottsreit.com; Media Wilcox Group, (416)
203-6666, scottsreit@wilcoxgroup.com

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