Fiera YMG Capital Inc.'s control of securities of Whiterock Real Estate Investment Trust increases

    MONTREAL, Aug. 20 /CNW Telbec/ - This press release is being published in
relation to past transactions of units of Whiterock Real Estate Investment
Trust ("Whiterock") (WRK.UN - TSX) that had not been previously disclosed.
    Between the end of May 2007 and the end of July 2007, Fiera YMG Capital
Inc ("Fiera YMG") acquired control over an additional 882,200 units of
Whiterock. These additional units represent an increase of 8.68% of the
outstanding units of Whiterock.
    Fiera YMG reports that the aggregate number of units of Whiterock under
the control of Fiera YMG as of the end of July 2007 is 1,984,825 representing
approximately 19.53% of the outstanding units of Whiterock. The position
controlled by Fiera YMG had inadvertently been omitted in the previous report
filed by Fiera YMG.
    These units were acquired through the facilities of the Toronto Stock
Exchange. The units are beneficially owned by various accounts managed by
Fiera YMG.
    The units have been acquired for investment purposes only and not with
the purpose of influencing the control or direction of Whiterock. Fiera YMG
may, from time to time, acquire additional units of Whiterock, continue to
hold its present position or may dispose of its units.

    Fiera YMG provides competitive and innovative investment solutions to a
diverse clientele of institutional investors, mutual funds, charitable
organizations and private clients.

    This press release is being issued in order to comply with the disclosure
requirements under applicable securities legislation. This press release is
not an admission that Fiera YMG owns or controls any described securities or
that Fiera YMG is a joint actor with any of the accounts that it manages.

For further information:

For further information: or to obtain a copy of the Early Warning
Report, contact: Violaine Des Roches, Fiera YMG Capital Inc., (514) 954-3300

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Fiera YMG Capital Inc.

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