MI Developments Inc. - Notice of conference call for fourth quarter and year-end 2007 results

    AURORA, ON, Feb. 25 /CNW/ - MI Developments Inc. ("MID") (TSX: MIM.A,
MIM.B; NYSE:   MIM) will announce its financial results for the fourth quarter
and fiscal year ended December 31, 2007 on Wednesday, March 5, 2008 before the
market opens for trading.
    A conference call to discuss those results will be held on Wednesday,
March 5, 2008 at 10:30 a.m. EST. The number to use for this call is
1-800-731-5774. Please call 10 minutes prior to the start of the conference
call. The dial-in number for overseas callers is 416-644-3421. MID will also
webcast the conference call at www.midevelopments.com. The conference call
will be chaired by John D. Simonetti, Chief Executive Officer.
    For anyone unable to listen to the scheduled call, the rebroadcast
numbers will be: North America - 1-877-289-8525 and Overseas - 416-640-1917
(reservation number is 21263516, followed by the number sign) and the
rebroadcast will be available until Wednesday, March 12, 2008.

    MID is a real estate operating company focusing primarily on the
ownership, leasing, management, acquisition and development of a predominantly
industrial rental portfolio for Magna International Inc. and its subsidiaries
in North America and Europe. MID also holds a controlling investment in Magna
Entertainment Corp., North America's number one owner and operator of horse
racetracks, based on revenue, and among the world's leading suppliers, via
simulcasting, of live horse racing content to the growing inter-track,
off-track and account wagering markets.

For further information:

For further information: For teleconferencing questions, please call
Angie Palmer at (905) 726-7508

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