Holyrood Holdings Limited Press Release

TORONTO, Oct. 2, 2014 /CNW/ - Holyrood Holdings Limited ("Holyrood") today announced the receipt of an Order from the Ontario Superior Court and the completion of the rescission of the April 2014 transaction in which Partners Real Estate Investment Trust (the "REIT") acquired three Ontario properties from Holyrood and Holyrood acquired 1,188,188 units of the REIT and 4,813,517 class B units of Partners Ontario Limited Partnership. The rescission of the April 2014 transaction was completed pursuant to the terms of the previously disclosed rescission agreement originally dated June 6, 2014. As a result, the three Ontario properties have been returned to Holyrood, the securities issued to Holyrood have been returned to the REIT and cancelled, and Holyrood no longer owns or controls any securities of the REIT.

SOURCE: Holyrood Holdings Limited

For further information or a copy of the report filed under National Instrument 62-103, please contact: Laura Philp, President, Holyrood Holdings Limited, 323 Lafontaine Road West, Tiny Township, Ontario L9M 0H1, Telephone: [phone].