First Capital Realty extends notice period for warrantholders in advance of expiry of common share purchase warrants



    TORONTO, Aug. 18 /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, today announced
that at the request of CDS, The Canadian Depository for Securities Limited, it
is extending the notice period to August 21, 2008 relating to the exercise of
its outstanding common share purchase warrants (TSX:FCR.WT).
    A holder of warrants is entitled to exercise warrants to acquire common
shares at a price of $11.80 per share until the close of business on Tuesday,
September 2, 2008 and any warrants not exercised by this deadline will expire.
A holder of warrants who wishes to exercise warrants is required to deliver to
Computershare Trust Company of Canada a completed Notice of Intention
indicating such holder's intention to exercise those warrants. The Company has
now extended the Notice of Intention delivery period from August 10, 2008 to
August 21, 2008. A holder of warrants who has delivered a completed Notice of
Intention to Computershare will be entitled but not obligated to exercise
warrants. Computershare has mailed a copy of the form of Notice of Intention
to each registered holder of warrants. Copies of the form of Notice of
Intention are also available upon request from First Capital Realty or on
First Capital Realty's website.

    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 169 properties, including eleven under
development, totalling approximately 19.5 million square feet of gross
leasable area and 7 land sites in the planning stage for future retail
development. In addition, the Company owns 14 million shares of Equity One
(approximately 19%), one of the largest shopping centre REITS in the southern
U.S., that trades on the New York Stock Exchange under the ticker symbol EQY.
Including its investment in Equity One, the Company has interests in 327
properties totalling approximately 35.4 million square feet of gross leasable
area.





For further information:

For further information: Dori J. Segal, President & C.E.O.; or Karen H.
Weaver, 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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