Killam Properties Inc. announces timing of fourth quarter and year end 2008 results and conference call

    HALIFAX, Jan. 26 /CNW/ - Killam Properties Inc (KMP-TSX) will be
releasing its financial results for the year ended December 31, 2008 on
Tuesday, March 3, 2009 after the market closes. A conference call to discuss
these results will be held on Wednesday, March 4, 2009 at 11:00 AM Atlantic
time (10:00 AM Eastern).

    The dial-in numbers for the conference call are:

    In Toronto: 416-644-3419

    Outside Toronto (toll free, within North America): 800-731-6941

    A live audio webcast of the conference call will be accessible on the
Company's website at and at

    A replay will be available by dialing 416-640-1917 (Toronto) or
877-289-8525 (toll-free) and using the passcode 21296051# until March 11,
2009, or on the Company's website for 90 days after the conference call.

    Killam Properties Inc, based in Halifax, Nova Scotia, is one of Canada's
largest residential landlords, owning and operating multi-family apartments
and manufactured home communities.

    Note: The Toronto Stock Exchange has neither approved or disapproved of
the information contained herein. Certain statements in this report may
constitute forward-looking statements. Such forward-looking statements involve
risks, uncertainties and other factors which may cause actual results,
performance or achievements of Killam to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Killam does not undertake to update any of such
forward-looking statements.

For further information:

For further information: Dale Noseworthy, Director, Investor and
External Relations, Killam Properties Inc., (902) 442-0388,,

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Killam Properties Inc.

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