MI Developments notice of release of fourth quarter and 2009 results and
annual meeting

AURORA, ON, March 24 /CNW/ - MI Developments Inc. ("MID") (TSX: MIM.A, MIM.B; NYSE: MIM) will announce its financial results for the fourth quarter and year ended December 31, 2009 on Tuesday, March 30, 2010 before the opening of the market.

MID will hold its annual shareholders' meeting on Friday, May 7, 2010 in Toronto. MID has set a record date of March 19, 2010 for the determination of shareholders entitled to notice of, and to vote at, the meeting.

About MID

MID is a real estate operating company engaged primarily in the acquisition, development, construction, leasing, management and ownership of a predominantly industrial rental portfolio leased primarily to Magna International Inc. and its automotive operating units in North America and Europe. MID also acquires land that it intends to develop for mixed-use and residential projects. MID holds a majority equity interest in MEC, an owner and operator of horse racetracks, and a supplier, via simulcasting, of live horseracing content to the inter-track, off-track and account wagering markets. MEC has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

SOURCE MI DEVELOPMENTS INC.

For further information: For further information: about this press release, please contact Rocco Liscio, MID's Executive Vice-President and Chief Financial Officer, at (905) 726-7507

Organization Profile

MI DEVELOPMENTS INC.

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