Chartwell update on Special Committee

    MISSISSAUGA, ON, Aug. 22 /CNW/ - As previously disclosed, Chartwell
Seniors Housing Real Estate Investment Trust (TSX - CSH.UN) confirmed today
that its Special Committee continues to review a number of different strategic
alternatives in light of the changes to federal income taxation of publicly
traded income trusts. In exploring one of the possible alternatives, a
potential sale or other strategic transaction with a third party, the Special
Committee has made certain information available under confidentiality
agreements to certain parties. The Special Committee has not made a
determination upon a specific alternative or whether any strategic action
would be taken at all and there is no assurance that this strategic review
will result in any specific action.

    About Chartwell

    Chartwell is a growth-oriented investment trust owning and managing a
complete spectrum of seniors housing communities. It is the largest
participant in the Canadian seniors housing business with a substantial and
growing presence in the United States.

For further information:

For further information: Chartwell Seniors Housing Real Estate
Investment Trust, Stephen Suske, Vice Chair and Co-CEO, Tel: (905) 501-4701,
Fax: (905) 501-4710, E-mail:

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